TORONTO, July 15, 2009 (GLOBE NEWSWIRE) -- Element 21 Golf Company (OTCBB:ETGF) (Frankfurt:BJQ.F), the leading manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, announced today that it is introducing Scandium fishing rod components at the ICAST 2009, the largest annual fishing show held in Orlando, July 15-17.
This is third ICAST show for Element 21, since the introduction of its Carrot Stix(tm) line of fishing rods in 2007. The introduction of Scandium components opens up additional revenue opportunities in the fishing industry. Scandium components are targeted to compete with 63% heavier steel and 24% heavier titanium components in the same cost category.
"The focus of this introduction is to offer OEMs and other rod manufacturers Scandium components (such as guides) used in rod construction to improve sensitivity and performance at the same price point. Annually, hundreds of millions of guides are used, and we look forward to expanding and diversifying our revenue stream," said Dr. N. Hearn, President and CEO.
About Element 21
Element 21's premier products are golf clubs (www.e21golf.com) and fishing poles made out of a Scandium and biofiber materials, which are lighter and stronger than Titanium, Graphite and Steel. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008.
Element 21 has developed award winning fishing products (www.e21fishing.com). Element 21's Carrot Stix(tm) represents the latest in cutting-edge technology, using a newly developed proprietary method of integrating nano level cellulose bio-fibers into the rod. The fishing products recently were recognized as the "BEST OF SHOW" in the 2007 and 2008 ICAST shows, the world's largest sports fishing show.
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.