Acushnet Renews Founding Partnership With Golf Retirement Plus™ Through 2013

PALM BEACH GARDENS, Fla. – The Acushnet Company, parent company of the popular Titleist, FootJoy and Pinnacle golf brands, is renewing its partnership of Golf Retirement Plus™ through December 2013. As a founding partner, Acushnet helped launch Golf Retirement Plus with The PGA of America in 1997.

A $1.2 billion company, Acushnet is a top manufacturer and marketer of golf balls, clubs, shoes, gloves, bags, outerwear and accessories. The company is committed to providing both serious and recreational golfers alike with products and services of superior performance and quality by combining advanced technology with innovative design.

"The Acushnet Company's brands represent some of the most storied product lines in the game today," said PGA President Allen Wronowski. "With household brand names in Titleist and FootJoy, golfers equate Acushnet Company merchandise as among the finest in the golf industry, which is why The PGA of America is proud to call Acushnet a founding partner of Golf Retirement Plus."

Acushnet products are sold primarily to on-course golf pro shops and selected off-course golf specialty and sporting goods stores worldwide. Acushnet and its subsidiaries compete on the basis of product quality, innovation, price, service and responsiveness to consumer preferences. Titleist holds the leading market position for golf ball sales, while FootJoy leads in the sales of golf shoes and gloves. Titleist also ranks as one of the top competitors in the golf club industry.

"Acushnet is proud to remain a founding partner of Golf Retirement Plus," said Peter Broome, Acushnet vice president, Business Development. "Our sponsorship of this important initiative is a natural extension of our partnership with The PGA of America and its dedicated professionals. We believed then, as we do now, that PGA Professionals play a critical role in the game, and as a result, their long-term financial stability is important to the growth and prosperity of the industry."

Founded in 1997, Golf Retirement Plus™ is a retirement program for PGA Professionals and apprentices, GCSAA Superintendents and CMAA Club Managers, which allows them to make their own contributions or have their employers contribute to their Golf Retirement Plus account on their behalf. PGA Professionals may also earn personal incentives by participating in the Golf Retirement Plus Partner Programs.

About The PGA of America
Celebrating its 95th year, The PGA of America has maintained a twofold mission of its founders: to establish and elevate the standards of the profession and to grow interest and participation in the game of golf.

By establishing and elevating the standards of the golf profession through world-class education, career services, marketing and research programs, The PGA enables its professionals to maximize their performance in their respective career paths and showcases them as experts in the game and in a multi-billion dollar golf industry.

By creating and delivering dramatic world-class championships and exciting and enjoyable promotions that are viewed as the best of their class in the golf industry, The PGA of America elevates the public's interest in the game, the desire to play more golf, and ensures accessibility to the game for everyone, everywhere. The PGA of America brand represents the very best in golf.

About Acushnet
Acushnet Company, headquartered in Fairhaven, Massachusetts, is comprised of the Titleist and FootJoy golf equipment brands. Titleist, the 1 ball in golf, is the choice of more players and more champions at every level of competitive golf, and provides real performance differences to meet the wide range of golfers' needs. From tee-to-green, Titleist golf clubs are also performance driven and can be found at the top of the leaderboards and in the bags of serious golfers the world over.

FootJoy is committed to enhancing the enjoyment of the game by delivering the best fitting, most comfortable, and technically advanced golf shoes, gloves, outerwear and socks. Being the 1 shoe on the PGA Tour for over 60 years serves as confirmation that FootJoy golf shoes have and continue to exceed the expectations of the world's most discerning golfers.

Continuous new product launches across every category support our mission to serve the golfer with better product.