IRVINE, Calif., April 12, 2005 (PRIMEZONE) -- Element 21 Golf Company (OTCBB:EGLF) announced today that it has signed an agreement with The GolfWorks for the sale of the Company's new Scandium - E21 Metal shafts for irons, utility clubs and wedges. The GolfWorks will feature E21 shafts on the cover of the May issue catalogue with U.S. wide distribution and broad international following.
The agreement with The GolfWorks provides hundreds of thousands of club builders and golf enthusiasts first time access to Scandium golf equipment. The GolfWork's audience is the first to try new technologies and is considered an ideal conduit of information to the larger golf community. Scandium sports equipment has a proven billion dollar sales track record in softball, baseball and cycling. With independently verified data for distance and accuracy advantages of scandium equipment in golf, the E21 alloy is poised to repeat Scandium's success in golf.
E21 iron and utility club shafts have demonstrated improved distance over composite and steel shafts by up to nine yards and 15% better accuracy, while reducing shaft vibration by up to 300%. This design feature, referred to as ShockBlokTM reduces fatigue and risk of injury and provides unmatched feel. The Pub Links Golfer Magazine awarded E21's irons with their prestigious "2005 Players Choice Award for Feel."
"We look forward to working with The GolfWorks" commented E21's President and CEO, Nataliya Hearn, Ph.D., P.E. "Following the PGA Show and recent articles on our new products, interest in our new shafts and Scandium Performance System Irons has been very encouraging. Our program with the GolfWorks and our new retail sales initiatives with the Duran Group are propelling us into a fully operational golf company."
About The Golfworks
Founded by Ralph Maltby in 1976, and located in Newark, Ohio, The GolfWorks has been providing clubmakers and other golf equipment experts with a complete complement of proprietary clubhead designs, full selection of brand name shafts and grips for more than 25 years. To request a catalog, call toll-free at 1-800-848-8358, or email golfworks@golfworks.com.
About Element 21 Golf Company
E21 is a fully integrated golf company that combines patented Scandium alloys with unique expertise in material sciences, engineering, product design, sales and marketing. In both robotic and extensive player testing Scandium golf clubs and shafts were found to provide greater distance, improved accuracy and unprecedented feel.
For more information about Element 21 Golf Company and its products, call 949-453-1021 or visit www.E21Golf.com. Media members interested in testing shafts or the E21 Scandium Performance System irons for an editorial review or receiving further information please contact:
The Media Group Joe Wieczorek or Bart Henyan (847) 956-9090 joe@themediagroupinc.com barthenyan@hotmail.com
Safe Harbor Statement: This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995. Actual events or results may differ from Element 21 Golf Company's (E21) expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers or E21, and ability to manage growth. Other risk factors attributable to E21's business segment may affect the actual results achieved by E21.