GGXY Golf Galaxy (MM)

EDEN PRAIRIE, Minn., May 3 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. (NASDAQ:GGXY) today filed a registration statement with the Securities and Exchange Commission for an underwritten public offering of 3,130,000 shares of the company's common stock. The offering will consist of 307,584 shares offered by the company and 2,822,416 shares offered by certain Golf Galaxy shareholders. The company will not receive any portion of the proceeds of the sale by such selling shareholders. It is expected that the underwriters will have an option to purchase up to an additional 469,500 shares of common stock from certain selling shareholders to cover over-allotments, if any. (Logo: http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO ) The company has selected Piper Jaffray as sole book-running manager and William Blair & Company as co-lead manager for the offering. Wedbush Morgan Securities has also been selected as co-manager for the offering. When available, a copy of the prospectus relating to the offering may be obtained from: Piper Jaffray & Co. William Blair & Company Attn: Equity Capital Markets Attn: Prospectus Department 800 Nicollet Mall 222 West Adams Street Minneapolis, MN 55402 Chicago, IL 60606 Telephone: (612) 303-6220 Telephone: (312) 236-1600 Wedbush Morgan Securities Attn: Underwriting Syndicate 1000 Wilshire Boulevard 10th Floor Los Angeles, CA 90017 Telephone: (213) 688-8050 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Golf Galaxy, Inc. Golf Galaxy, Inc., based in Eden Prairie, Minn., owns and operates golf specialty retail stores. The company currently operates 59 stores in 24 states and an ecommerce website. The GolfWorks is a wholly owned subsidiary of Golf Galaxy that sells direct to consumers via a catalog and the Internet. Investors: Rick Nordvold Golf Galaxy, Inc. 952-941-8848 Investors and media: Susan Eich For Golf Galaxy, Inc. 612-285-4188 http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO http://photoarchive.ap.org/ DATASOURCE: Golf Galaxy, Inc. CONTACT: Investors, Rick Nordvold of Golf Galaxy, Inc., +1-952-941-8848; or Investors and media, Susan Eich for Golf Galaxy, Inc., +1-612-285-4188 Web site: http://www.golfgalaxy.com/

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