Adams Golf Announces Shareholder Approval of Reverse Stock Split Proposal

  
    
  
  
    
      Adams Golf, Inc. (OTCBB:ADGO) today announced that, at a special meeting 
      of its stockholders February 4, 2008, its stockholders approved an 
      amendment to the Company’s certificate of 
      incorporation to effect a one-for-four reverse stock split of the 
      outstanding shares of the Company’s common 
      stock. The Company expects the reverse stock split to be effective on or 
      about February 15, 2008, after the Company files the amendment to its 
      certificate of incorporation. Subject to processing by the 
      over-the-counter bulletin board, the Company’s 
      common stock should begin trading on a split-adjusted basis on the 
      over-the-counter bulletin board on or about February 19, 2008.
    
    
      In conjunction with the reverse stock split, the Company has submitted 
      an application for listing its common stock on the NASDAQ Capital 
      Market. The application is subject to review and approval by NASDAQ’s 
      Listing Qualifications Department. The Company hopes to have its common 
      stock listed on NASDAQ’s Capital Market by the 
      end of the first quarter of 2008. There can be no assurance that the 
      Company’s common stock will be approved for 
      listing on any of the markets operated by NASDAQ.
    
    
      "We are pleased to announce stockholder approval of our proposal to 
      amend our certificate of incorporation to effect a one-for-four stock 
      split," stated Mr. Chip Brewer, President and CEO of Adams Golf. "As 
      stated previously, our recent growth, the strengthening of our 
      organization, our leadership position in the hybrid iron set category, 
      and the investments we’ve made in our PGA, 
      LPGA and Champions Tour staffs have convinced us that the time is right 
      to re-list on NASDAQ. If we are able to obtain a listing on NASDAQ, we 
      believe we can increase the investor audience and interest in our common 
      stock. We believe that this status coupled with the continued execution 
      of our growth strategy may lead to an increase in our valuation, one 
      that we believe is more in-line with our long-term growth opportunities."
    
    
      This press release contains "forward-looking statements" made under the 
      "safe harbor" provisions of the Private Securities Litigation Reform Act 
      of 1995. The statements include, but are not limited to, statements 
      regarding using terminology such as "may," "expect," "intend," “hopes,” 
      "estimate," "anticipate," "plan," "seek," “feel,” 
      “continued,” “continue” 
      or "believe." Such statements reflect the current view of the Company 
      with respect to future events and are subject to certain risks, 
      uncertainties and assumptions related to certain factors including, 
      without limitation, the following: stockholder approval of the reverse 
      stock split, the ability of the Company to satisfy the initial listing 
      bid price requirement, Nasdaq approval of the listing, increased 
      investor audience, interest or valuation, and events and other factors 
      detailed under "Risk Factors" in our Securities and Exchange Commission 
      filings. These filings can be obtained by visiting the corporate 
      governance section of our website at www.adamsgolf.com 
      or by contacting Adams Golf Investor Relations at [e-mail].
    
    
      Although the Company believes that the expectations reflected in such 
      forward-looking statements are reasonable, it can give no assurance that 
      such expectations will prove to be correct. Based upon changing 
      conditions, should any one or more of these risks or uncertainties 
      materialize, or should any underlying assumptions prove incorrect, 
      actual results may vary materially from those described herein. Except 
      as required by federal securities laws, Adams Golf undertakes no 
      obligation to publicly update or revise any written or oral 
      forward-looking statements, whether as a result of new information, 
      future events, changed circumstances or any other reason after the date 
      of this press release. All subsequent written and oral forward-looking 
      statements attributable to the Company or persons acting on its behalf 
      are expressly qualified in their entirety by the applicable cautionary 
      statements.