Golf Galaxy Appoints Douglas C. Neve to Its Board of Directors
19 6월 2006 - 10:30PM
PR Newswire (US)
EDEN PRAIRIE, Minn., June 19 /PRNewswire-FirstCall/ -- Golf Galaxy,
Inc. (NASDAQ:GGXY), a leading golf specialty retailer, today
announced the appointment of Douglas C. Neve, 50, to the company's
Board of Directors effective June 15, 2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO ) The
company said it expected Neve to be appointed to the Audit
Committee concurrent with the company's Annual Meeting of
Shareholders on August 9, 2006. Golf Galaxy's Board has determined
that Neve qualifies as an "independent director" under applicable
rules of the National Association of Securities Dealers for
companies listed on Nasdaq. The company's Board has further
determined that Neve qualifies as an "audit committee financial
expert" under applicable Securities and Exchange Commission rules.
"We are very excited Doug has agreed to join our Board," said Randy
Zanatta, Golf Galaxy's president, chief executive officer and
chairman. "We believe his financial and accounting expertise, along
with his outstanding leadership skills, will be instrumental in the
continued growth of our company." Neve has been the executive vice
president and chief financial officer of Ceridian Corporation, an
information services company primarily involved in the human
resource, transportation and retail markets, since February 2005.
Previously, Neve was a senior audit partner with Deloitte &
Touche LLP, an international public accounting firm, from June 2002
until February 2005 and an audit partner with Arthur Andersen, an
international public accounting firm, from September 1989 through
May 2002. About Golf Galaxy Golf Galaxy, Inc., based in Eden
Prairie, Minn., owns and operates golf specialty retail stores. The
company currently operates 61 stores in 24 states and an ecommerce
website. The company's Everything for the Game(R) merchandising
strategy offers a comprehensive selection of competitively priced
brand name golf equipment, accessories, apparel, golf services, and
golf instruction by on-staff certified PGA professionals in a
unique interactive store environment. The GolfWorks, a leading
direct marketer of golf club components, clubmaking tools and
supplies, and technical information, is a wholly owned subsidiary
of Golf Galaxy that sells direct to consumers via a catalog and the
Internet at http://www.golfworks.com/. For more information, visit
http://www.golfgalaxy.com/. Cautionary Statement This news release
contains forward-looking statements about Golf Galaxy and readers
should not place undue reliance on any forward-looking statements
that are current only as of the date made. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from historical
results or those expressed in forward- looking statements. The
factors listed below, among others, could cause the company's
actual financial performance to differ materially from that
expressed in any forward-looking statement: A decline in the
popularity of golf or golf-related products and services;
limitations imposed by suppliers on the amount or variety of
products; failure by suppliers to develop and introduce new
products or if new products result in excessive close-outs of
existing inventories; seasonal fluctuation in demand for products;
weather conditions; ability to successfully implement growth plan;
competition in the golf and sporting goods industry; a decline in
discretionary spending; availability of adequate capital to fund
growth; loss of key management; and the company's ability to
successfully integrate acquired companies, including The GolfWorks.
Additional information concerning these and other factors that
could cause actual results to differ materially from those in the
forward- looking statements is included in the company's annual
report on Form 10-K filed with the Securities and Exchange
Commission on May 3, 2006. The foregoing list should not be
construed as exhaustive and Golf Galaxy disclaims any obligation
subsequently to revise or update any previously made forward-
looking statements, whether as a result of new information, future
events or otherwise. Contact: 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/
http://www.golfworks.com/
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