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GGXY Golf Galaxy (MM)

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Share Name Share Symbol Market Type
Golf Galaxy (MM) NASDAQ:GGXY NASDAQ Common Stock
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Golf Galaxy Announces Two New Stores Opening in May

09/05/2006 12:40am

PR Newswire (US)


Golf Galaxy (NASDAQ:GGXY)
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Stores Complete 11 First Quarter Openings; Bring Total Golf Galaxy Store Count to 61 EDEN PRAIRIE, Minn., May 8 /PRNewswire-FirstCall/ -- Golf Galaxy, Inc. (NASDAQ:GGXY), the interactive golf superstore offering Everything for the Game(R), today announced plans to open two new stores in May. The new stores include one in Westbury, N.Y., and one in Toledo, Ohio. The Westbury store brings to three the number of Golf Galaxy stores in the greater New York metropolitan area; and the Toledo store brings to eight the number of Golf Galaxy stores in Ohio. (Logo: http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO ) "The Westbury and Toledo stores will complete our first quarter grand opening schedule of 11 stores, bringing our total store count to 61," said Randy Zanatta, president and CEO of Golf Galaxy. "We look forward to continuing our nationwide expansion this fall with the expected opening of three to five additional Golf Galaxy stores." The two new Golf Galaxy stores opening in May will be located at 1504 Old Country Road in Westbury, N.Y., and 5223 Monroe Street in Toledo, Ohio. About Golf Galaxy 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 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 prospectus in its Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission in May 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: Patty Gibbs, Patty Gibbs & Company, 651-653-7302, Mick McCormick, Golf Galaxy, 952-918-3304, http://www.newscom.com/cgi-bin/prnh/20050728/CGTH081LOGO http://photoarchive.ap.org/ DATASOURCE: Golf Galaxy, Inc. CONTACT: Patty Gibbs of Patty Gibbs & Company, +1-651-653-7302, , or Mick McCormick of Golf Galaxy, +1-952-918-3304, Web site: http://www.golfgalaxy.com/ http://www.golfworks.com/

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