SOURCE: Feel Golf, Inc.

Feel Golf, Inc.

May 20, 2011 08:00 ET

Feel Golf Announces Q1 Financial and Operating Results

SANFORD, FL--(Marketwire - May 20, 2011) - Feel Golf Company, Inc. (PINKSHEETS: FEEL) announced the Company's financial results for the quarter end March 31, 2011.

Net sales for the quarter ended March 31, 2011 increased 247% to $235,131, compared with $67,618 for the same period last year. Net loss was $420,049 or $0.00 per share, compared to a net loss of $184,307, or $0.01 per share for the same period last year. Gross margin increased $124,490, or 329%, as compared to the same three month period in 2010.

Lee Miller, Chief Executive Officer and President of Feel Golf, Inc., stated, "We are very pleased with the overall increase in sales during the first quarter, especially considering the Pro Line acquisition closed halfway through the quarter and we were not able to recognize one full quarter of sales. Sales from our newly acquired golf accessory business from the date of acquisition on February 11, 2011 totaled $180,011, or 76%, of our total sales. We look forward to the remainder of the year, especially the second quarter which will include a full quarter of sales of the combined companies."

"Our financial results for the first quarter showed strong improvement over prior periods. We continue to be very aggressive with expanding new product lines, our cost cutting measures which included a consolidation of our facilities and implementing internal policies and procedures that we expect will have a positive effect on our bottom line results," stated Mr. Miller.

"As we continue to focus on increasing sales and customer satisfaction, we were able to maintain inventory levels that will provide our customers with product availability. Throughout the first quarter, my team and I spoke to many customers, including new customers we acquired as a result of the Pro Line acquisition, and I am pleased to announce the initial feedback from Pro Line and Feel Golf customers was extremely positive," concluded Mr. Miller.

About Feel Golf Company, Inc.

Feel Golf Company (FEEL) is a leading innovator and manufacturer of high performance golf products, and the only golf company whose products are designed, built and backed by PGA members. FEEL's latest innovation is the revolutionary reverse taper Full Release™ grip -- the first significant advancement in golf grips since the game's inception. Named the "Top Discovery" at the International PGA Show, Feel's patented grips have been independently tested and validated to increase distance and accuracy.

The Feel Golf Company manufactures and markets golf clubs worldwide including its award winning wedges -- well known by Tour Professionals for over the past 25 years as well as high performance drivers, irons and putters for highly discriminating amateurs.

About Pro Line Sports

Established in 1996, Pro Line Sports set out to market a patented golf ball retriever and to become the established leader within the golf industry. Over the past six years, the "Made in America" IGOTCHA® Golf Ball Retriever has reportedly become the Number One Selling Golf Ball Retriever in America. With its patented shaft and head design it is available in five sizes and can be found in golf shops throughout North America. When the golf enthusiast thinks of a golf ball retriever, he or she thinks IGOTCHA®.

Currently, Pro Line has over twenty-six hundred active accounts in America including all major golf retailers as well as golf shops and country clubs throughout the nation. Pro Line maintains its unique position in the industry with an aggressive sales and marketing strategy combining a nationwide network of over twenty-five veteran golf sales professionals with an inside sales group providing continual service to its dealers. Additionally, Pro Line has distributors in Canada, Great Britain and Europe giving the IGOTCHA® Golf Ball Retriever worldwide recognition.

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Certain statements made in this news release are forward-looking in nature and, accordingly, are subject to risks and uncertainties. These forward-looking statements are only predictions based on our current expectations and projections about future events. Important factors could cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

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