| 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
|
|