Legendary Ray Cook Golf Putter Brand and Assets to Be Auctioned on June 8

Enterprise Sale of Company credited with more than 200 Tour Wins will include original Don T. “Scotty” Cameron patented designs and Company Trademarks

May 10, 2011 10:00 AM Eastern Daylight Time

SAN DIEGO – (BUSINESS WIRE) – Heritage Global Partners has been selected by Ray Cook Golf to conduct a live auction of its assets. The live auction will be conducted in an open outcry fashion on Wednesday, June 8 at 1 pm CDT, at the Barton Creek Resort Conference Center in Austin, Texas. Registered bidders will also be able to participate in the auction over a dedicated teleconference line.

“The legendary Ray Cook brand has played a significant role in the success of many golfers for nearly 50 years,” said Brandon Smith, VP of Heritage Global Partners. “We are excited to present this opportunity to potential buyers who want to leverage this established golf equipment brand. It is a perfect fit for any company looking to develop or expand a quality putter line under a recognized and respected name. The Ray Cook brand has stood the test of time, as golfers worldwide, including scores of tour players, have elected to carry and use Ray Cook putters, wedges and chippers.”

The designs and names created by the company include the legendary Ray Cook mallet putter design, as well as the Blue Goose and the renowned Ray Cook Chipper, both invented by legendary Titleist® craftsman “Scotty” Cameron, who began his golf career with Ray Cook.

The Ray Cook Golf auction includes a complete single lot bulk sale offering of all tangible and intangible assets, including the rights, patents, common law and registered trademarks, physical inventory and capital equipment. The company’s inventory of assets includes nine putter lines and more than 40 designs of putters and wedges including the ‘Billy Baroo’ (the mythical putter featured in the cult golf classic ‘Caddyshack’). Assets also include manufacturing equipment and furnishings, as well as marketing vehicles such as the company website and URL, customer mailing lists as well as the well-established Ray Cook Golf brand.

Since 1963, the name Ray Cook has been synonymous with success on the PGA and LPGA circuit, as the best players in the world have used Ray Cook putters. Ray Cook putters are credited with over 200 tour wins, including wins in all of Golf’s Majors (The Master’s, The U.S. Open, The British Open, and the PGA Championship) – and is the only independent putter company to notch a tour victory in every decade since the 60’s. Golf professionals including Billy Casper, Nick Price, Orville Moody, Roberto De Vicenzo, Dave Stockton, Donna Caponi and Nancy Lopez successfully achieved major tour victories with the assistance of Ray Cook Golf putters.

Parties interested in registering to participate in the Ray Cook Golf auction must sign a non-disclosure agreement to gain access to Company documents available for review in a Virtual Data Room. The agreement, together with contact information and a general description of the assets, can be found on the Heritage Global Partners website at www.hgpauction.com. Barton Creek Resort Conference Center, where the auction will be held live, is located at 8212 Barton Club Drive in Austin, Texas.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is an asset advisory and auction services firm, which assists large and small companies with buying and selling of assets. Heritage Global Partners offers asset advisory and auction services, including complete enterprise sales and multi-lot auctions, both live and over the internet. HGP also offers asset brokerage, asset inspection, asset valuations and internal asset redeployment vehicles among other services.