TORONTO, April 14, 2009 (GLOBE NEWSWIRE) -- Element 21 Sports Company (OTCBB:ETGF) (Frankfurt:BJQ), the leading manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, announced today that Element 21 Scandium Shafts were used by the top PGA Tour Pros at the Masters.
One of the most thrilling moments from the Masters Week came courtesy of the 2008 FedEx Cup winner, who, with his Scandium shafted irons, intentionally skipped a ball across the water for an unbelievable hole-in-one during Wednesday's Par 3 competition. This player has been using Scandium shafts since the summer of 2007, including his stellar 2008 season when he went on to win a record $17 million on tour.
"Element 21 continues to make inroads with OEMs, distributors and club fitters. Our branding strategies are working and Element 21 is committed to growing our golf business. One cannot become a legend in golf without a history of unbelievable shots and consistent performance. While many brands are near becoming history during this economic downturn, Element 21 continues to develop more innovative products for golf and other sports with an arsenal of exotic biofibers, rare earth metals, as well as cutting edge nanotechnologies," said Nataliya Hearn, CEO of Element 21.
About Element 21
Element 21 Sports Company's premier products are golf clubs (www.e21golf.com) and fishing poles made out of Scandium and biofiber materials, which are lighter and stronger than Titanium, Graphite and Steel. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008.
Element 21 Sports Company has developed award winning fishing products (www.e21fishing.com). Element 21's Carrot Stix(tm) represents the latest in cutting edge technology, using a newly developed proprietary method of integrating nano level cellulose bio-fibers into the rod. The fishing products recently were recognized as the "BEST OF SHOW" in at the at the 2007 and 2008 ICAST show, the world's largest sports fishing show.
Element 21 Golf Company's revenue has been growing at an annualized growth rate of 343.3% and 705.5% for fiscal year 2006 and 2007, respectively. The three year average growth rate for the recent past is 203.9%. (www.e21sports.com)
Forward-Looking Statements.
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively.