FOR IMMEDIATE RELEASE

CMC GOLF ACQUIRES PINECREST MILLS AS COMPANY'S GROWTH CONTINUES

CMC GOLF ACQUIRES PINECREST MILLS AS COMPANY'S GROWTH CONTINUES

SCOTTSDALE , Ariz. – May 1, 2008 – CMC Golf, the #1 supplier of golf accessories and player gifts in the world, today announced the acquisition of Pinecrest Mills, a renowned manufacturer of woven, environmentally-friendly towels. The consolidation marks the beginning of the company's plan for global expansion throughout the custom accessory market.

Named by PGA Magazine as the top supplier of player gifts and accessories in multiple categories, CMC has been a preferred accessory supplier for more than 20 years. In the interest of serving customers needs, the company has acquired Pinecrest Mills; the southern California-based subsidiary will continue to operate as an independent company under the CMC umbrella. CMC plans to utilize the talents and strengths of both sales teams to expand services and product mix, as well as enhance the customer experience.

“This is truly an exciting time for both companies,” said Bob Burg, CMC Golf president. “Our entire team at CMC is very proud to add such a renowned brand name product offering to our gold accessory platform. We are very grateful for our customer's support and will work hard to enhance our position as a respected supplier to the golf industry.”

CMC has been dedicated to serving the golf industry for more than two decades. With the acquisition of Pinecrest Mills, CMC now has offices, manufacturing and assembly facilities in Arizona , California , England and Mexico , giving the company the opportunity to serve customers more completely and efficiently.

CMC has aggressive growth plans for the next several years, including global marketing of the Pinecrest Mills brand of towels and the development of new and innovative products in the custom gift market under the CMC Golf brand.

Take-away Points:

• CMC Golf has announced the acquisition of the leading towel manufacturer, Pinecrest Mills.
• CMC now has sales offices, manufacturing and assembly facilities in Arizona , California , England and Mexico .
• Pinecrest Mills will continue to operate as a fully-functioning subsidiary of CMC in Southern California .
• The consolidation of these companies marks the beginning on CMC's plans for global expansion across the custom accessory market.

About CMC Golf

 For more than 20 years, CMC Golf has offered a variety of quality gift and accessory items tailored to the golf, corporate and event markets. Understanding function and form as they relate to tradition, CMC Golf is committed to manufacturing only the highest quality golf and lifestyle accessories. Named by PGA as the #1 supplier of player gifts in the world, CMC Golf remains steadfast in offering mementos as memorable as a round played. And in passion for the culture, CMC Golf recently partnered with Pinecrest Mills, the only manufacturer of custom woven bamboo towels, the most absorbent and environmentally-friendly available. From ball markers to lifestyle gifts, CMC Golf has been a trusted source of customized accessories that last far longer than No. 18. Find out more about these essentials at cmcgolf.net.

 About Pinecrest

 For nearly 15 years, Pinecrest Mills has manufactured custom woven golf, beach, bar towels and throws. Operating out of Southern California , Pinecrest Mills specializes in bamboo towels, the softest, richest, most absorbent towel available. Due to the materials used and the unique manufacturing process, the Pinecrest Mills brand is most exclusively known for being the only environmentally-friendly towel on the market today.

CMC Golf • 15695 N 83 rd Way • Scottsdale , Arizona 85260 • 480.483.2163
www.cmcgolf.net