Callaway Golf Company Announces Strategic Investment in Five Iron Golf
Summary
The partnership includes a non-exclusive marketing agreement that provides Callaway the ability to continue to develop relationships with golfers wherever they engage with the sport and a valuable opportunity for strategic collaboration that will benefit both brands." Membership options are available but not required to reserve a simulator, play in Five Irons golf leagues, host an event, or book a lesson. Five Iron Golf originated in New York City in 2017 and has expanded to Chicago, Baltimore, Las Vegas, Philadelphia, Washington, D.C., Pittsburgh, and Singapore, with additional locations coming soon to Boston, Seattle, and Detroit. In this context, forward-looking statements address Callaways current intentions, expectations or beliefs regarding the benefits of the investment in Five Iron and the performance of Five Iron and may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Accurately estimating the forward-looking statements is based upon various risks and unknowns, including market conditions, the ability to recognize the anticipated benefits of the investment and competition, and those related to the duration and ongoing impact of the COVID-19 pandemic, and the other risks and uncertainties described in Callaways Annual Report on Form 10-K for the year ended December 31, 2020, and Forms 10-Q and 8-K subsequently filed with the Securities and Exchange Commission.