Feel Golf Co. purchases Caldwell Golf Co.

Feel Golf Co. officials announced that they have signed an engagement agreement with Security Research Associates for up to $20 million dollars in financing.

Feel Golf Chairman and CEO Lee Miller said (the agreement) "will assist us in our acquisition plans of other target companies we believe will add significant value to our own overall revenue growth plans," and "With SRA's expertise and experience along with their client base, we look forward to a number of successful transactions over the next 12-18 months that we believe, will add significant shareholder value."

Feel Golf Co. has already purchased Caldwell Golf Co. assets for an undisclosed amount.

Caldwell Golf President and CEO Bruce Caldwell said "I am pleased to report that we have signed a definitive agreement with Feel Golf Company, Inc. for the majority of our assets," and "Feel Golf's USA retail and international distribution partners open up a tremendous amount of new markets for the Caldwell brand. We are excited to have Caldwell's ceramic technology in drivers, fairway woods and putters combined with a known industry leader in technological innovation."

Feel Golf's Lee Miller explained that Caldwell Golf has "very valuable technology" and with a partnership with Feel Golf's distribution channels it opens "attractive opportunities for increased sales and revenues as well as market awareness,".

"This acquisition is part of our overall growth strategy to acquire technologically advanced golf equipment that can significantly improve all golfers' playing performance and experience and increase shareholder value." Said Miller.