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Golf wear maker Ashworth's update on Investor/Analyst Day

05
Oct '05
California based leading designer of golf-inspired lifestyle sportswear Ashworth Inc announced additional details about its Investor/Analyst Day, which will be held on Wednesday, October 19, 2005 from 10:00 a.m. through 3:00 p.m.

Management will highlight improvements in the Company's Embroidery and Distribution Center (EDC) since July 31st, the end of its third quarter. Management will also review its inventory management processes and highlight its success in lowering overall inventory levels. Management will then show the company's 2006 Spring/Summer product lines to the participants and comment on trends in selected business channels.

The event will begin at 10:00 a.m. at the Company's Embroidery and Distribution Center (EDC) located at 4010 Ocean Ranch Boulevard, Oceanside, California 92056, with a presentation from Peter Case, Chief Financial Officer of Ashworth, Inc. Case will discuss some of the steps taken to achieve operational improvements at the EDC since the end of the third quarter.

Among the actions taken by the Company that have resulted in a further reduction of the direct labor costs per unit, is the internalization of the Garments on Hangers (GOH) operation at the facility. Case will also provide an update on the progress of several other financial initiatives, with a particular focus on inventory management. He will comment on the controls that have been put in place to more effectively forecast inventory, as well as the progress made in reducing inventory levels.


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