Fantom to Manufacture Findable Balls Developed by RadarGolf Wednesday, March 31, 2004

Korean Company Supplies Brand-Name Golf Balls Worldwide

SEOUL, Korea and LOS ALTOS, Calif., March 31 /PRNewswire/ -- Fantom Co. LTD and RadarGolf Inc. announced today an agreement in which Fantom has become a pre-qualified worldwide source for manufacturing golf balls that incorporate the RadarGolf "tag" inside. Launched in October 2003, RadarGolf has developed a U.S. Golf Association-conforming golf ball that contains a radio-frequency tag. When used with the RadarGolf handheld device, golfers may locate lost balls within seconds and avoid penalty strokes and game delays.

Under the RadarGolf agreement, golf balls manufactured by Fantom can be sold worldwide using the brand name of any golf-industry or sports-equipment supplier that purchases a license from RadarGolf. According to RadarGolf CEO Steve Harari, "Our product offers the leading golf-ball and golf-equipment suppliers a means to truly differentiate their product from other brands and win market share from competitors." A Darrell Survey study conducted in July 2003 concluded that over 44 percent of golfers of all handicaps would be interested in trying a findable version of their favorite model ball.

With state-of-the-art manufacturing facilities in both Korea and China, Fantom Co. is a world-recognized manufacturer of high-performance golf balls. The company supplies golf balls to specification for leading worldwide golf ball brands as well as marketing balls under the Fantom brand. Fantom subjects designs to rigorous performance and quality-assurance testing. Fantom's CEO Yang Hwan Park said, "The RadarGolf product is a very innovative one that will quickly develop a loyal base of golfers who see the benefits for their game. We are very pleased that Fantom and RadarGolf have agreed to work together to manufacture the Radar ball."

The RadarGolf tag can be included in any current-model golf ball without affecting the performance or feel that the golfer experiences. Market data suggests that by minimizing lost ball penalties, a golfer using the RadarGolf system will improve per-round scores by an average of two to four strokes. Golf course operators and manufacturers also stand to gain from a faster pace of play and more total rounds played.

Source: RadarGolf, Inc.