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Profile - Ajay Sports, Inc. (OTC BB:AJAY.OB)
As of 31-Aug-2001
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More Info: News | Profile
Location
32751 Middlebelt Road
Farmington Hills, MI 48334
Phone: (248) 851-5651
Fax: (262) 728-8119
Employees (last reported count): 33
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Consumer Cyclical
 ·Industry: Recreational Products
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 59%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Ajay Sports, Inc. owns Pro Golf of America, Inc., the world's largest franchiser of "golf only" retail stores, with over 150 stores in the United States, Canada, the Bahamas, and the Philippines. The Company also marketed and distributed golf clubs, golf bags, golf gloves, golf accessories, hand-pulled golf carts and casual living furniture, prior to deciding to discontinue those business operations in June 2000. The Company operates the franchise segment of its business through Pro Golf International, Inc., a majority-owned subsidiary, which owns 100% of the outstanding stock of Pro Golf of America, Inc. (PGOA) and a majority of the stock of ProGolf.com, Inc. (PG.com). PGOA is the franchiser of Pro Golf Discount retail golf stores. ProGolf.com is a development stage company formed to help drive traffic to its franchisee stores and to sell golf equipment and other golf-related products and services over the Internet.
More from Market Guide: Expanded Business Description

Financial Summary
Ajay Sports, Inc. markets and distributes golf clubs, golf bags, golf gloves, golf accessories, hand-pulled golf carts and casual living furniture. For the three months ended 3/01, net sales decreased 29% to $575 thousand. Net loss from continuing operations increased less than 1% to $274 thousand. Revenues reflect the closure of certain facilities, partially offset by a reduction in workforce and lower S/G/A costs.
More from Market Guide: Significant Developments

Officers
FY1999 Pay

Thomas Itin, 65
Chairman, CEO and Pres
--  
Ronald Silberstein, 43
CFO and Chief Admin. Officer
$51K
Robert Hebard, 47
Sec., Director
--  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:AJAY.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-June-2001
$0.01 
Recent Price$0.03 
52-Week High
on 3-Oct-2000
$0.313
Beta0.92 
Daily Volume (3-month avg)1,000 
Daily Volume (10-day avg)1,000 
Stock Performance
52-Week Change-89.3%
52-Week Change
relative to S&P500
-85.7%
Share-Related Items
Market Capitalization$124.0K
Shares Outstanding4.12M
Float1.70M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 6 on 14-Aug-1998
Per-Share Data
Book Value (mrq)$0.83 
Earnings (ttm)-$0.21 
Earnings (mrq)-$0.09 
Sales (ttm)$1.00 
Cash (mrq)$0.07 
Valuation Ratios
Price/Book (mrq)0.04 
Price/EarningsN/A 
Price/Sales (ttm)0.03 
Income Statements
Sales (ttm)$4.10M
EBITDA (ttm)$1.84M
Income available to common (ttm)-$847.0K
Profitability
Profit Margin (ttm)-12.2%
Operating Margin (ttm)22.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter31-Mar-2001
Management Effectiveness
Return on Assets (ttm)-1.80%
Return on Equity (ttm)-1108.64%
Financial Strength
Current Ratio (mrq)1.15 
Debt/Equity (mrq)2.30 
Total Cash (mrq)$274.0K
Short Interest
As of 8-Sep-1998
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume14.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-Mar-2001)

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