Federal Court Finds Knock Off Golf Club Distributor In Contempt, Orders $175,000 Payment to Callaway Golf

CARLSBAD, Calif. (PROTEXT) - Callaway Golf Company (NYSE: ELY) announced today that the United States District Court for the District of New Jersey has issued a final consent judgment against Fairway to Heaven, Inc., a distributor of knock off golf clubs. The judgment orders the immediate payment of $175,000 to Callaway Golf from funds being held in a court-imposed escrow account. A May 20, 1999, raid of Fairway to Heaven by U.S. Marshals resulted in the seizure of "Big Bursar V-17" irons and "Big Bernard Steelclad" metal woods, which are copies of Callaway Golf's Big Bertha(R) X-12(R) Irons and Big Bertha(R) Steelhead(TM) Metal Woods, respectively. Fairway to Heaven had been ordered not to sell such products pursuant to a permanent injunction entered in December 1998. The Court's order prohibits sales of illegal copies by Fairway to Heaven and any new business that may be established by the defendants. In June 1999, the Court held Fairway to Heaven salesperson Joe Opulski in contempt of court, and ordered him to pay Callaway Golf $100,000 plus attorneys' fees. "We appreciate the quick action by the U.S. Marshals and by the Court," said Steve McCracken, Executive Vice President and Chief Legal Officer of Callaway Golf. Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons, including Great Big Bertha(R) Hawk Eye(R) Titanium Metal Woods, Big Bertha(R) Steelhead(TM) Stainless Steel Metal Woods, Great Big Bertha(R) Hawk Eye(R) Tungsten Injected(TM) Titanium Irons, Big Bertha(R) X-12(R) Stainless Steel Irons, and Bobby Jones(R) and Carlsbad Series(TM) putters. Callaway Golf Company also makes and sells Odyssey(R) putters and wedges with Stronomic(R) and Lyconite(R) inserts including Dual Force(R) and TriForce(TM) Putters. For more information about Callaway Golf Company, please visit the Company's websites at www.callawaygolf.com and www.odysseygolf.com. ots Original Text Service: Callaway Golf Company Internet: http://www.newsaktuell.de Contact: Larry Dorman or Steve McCracken of Callaway Golf Company, (USA) 760- 931-1771 Company News On-Call: http://www.prnewswire.com/comp/124825.html or fax, (USA) 800-758- 5804, ext. 124825 Web site: http://www.odysseygolf.com Web site: http://www.callawaygolf.com Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT