SOURCE: Feel Golf, Inc.

Feel Golf, Inc.

April 26, 2011 08:00 ET

Feel Golf Co Inc Announces Year End 2010 Results

SANFORD, FL--(Marketwire - Apr 26, 2011) - Feel Golf Company, Inc. (PINKSHEETS: FEEL) today announced the Company's financial results for the fiscal year ended December 31, 2010.

Net sales for the year ended December 31, 2010 were down 19% to $391,594 compared with $485,773 for the year ended 2009. Net loss was $5.3 million diluted loss per share was $0.09 for the year, compared with a net loss of $935,599 and diluted loss per share of $0.06 for the same period last year.

Lee Miller, Chief Executive Officer of Feel Golf, Inc., stated, "Although we experienced a decrease in revenue in 2010, we are extremely pleased with the acquisition of Pro Line and the new product lines that we will be announcing within the next 90 days. In conjunction with the acquisition of Pro Line, we have made significant changes to our sales systems and modified our distribution channels, in order to more effectively serve our current customers and expand our geographic reach."

"We are very encouraged with the progress we have made over the last 3 months, specifically the acquisition of Pro Line, completed the move of our office and warehouse to Florida, enhanced our IT infrastructure, increased our asset base, and enhanced our sales and distribution channels. Beginning with the second quarter of 2011, we are looking to focus on revenue growth and increased profitability, as we leverage the groundwork we laid in 2010," stated Mr. Miller.

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 tele-sales group providing continual service to its dealers. Additionally, Pro Line has more than eighteen distributors in Canada, Great Britain and Europe giving the IGOTCHA® Golf Ball Retriever worldwide recognition.

With both companies now under the same roof, sales channels, and customer accounts along with International distributors have doubled, and the overall operating cost is reduced.

About Feel Golf Company, Inc.

Feel Golf Company (PINKSHEETS: FEEL) is a leading innovator and manufacturer of high performance golf products, and the only golf company whose products are backed by our staff 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 by PGATour Partners 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.

Visit or call 877-934-7387.


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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