<SUBMISSION>
<ACCESSION-NUMBER>0001157523-08-004919
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20080609
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20080609
<DATE-OF-FILING-DATE-CHANGE>20080609
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ASHWORTH INC
<CIK>0000820774
<ASSIGNED-SIC>2320
<IRS-NUMBER>841052000
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1031
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-14547
<FILM-NUMBER>08888270
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2765 LOKER AVE WEST
<CITY>CARLSBAD
<STATE>CA
<ZIP>92008
<PHONE>7604386610
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2765 LOKER AVENUE WEST
<CITY>CARLSBAD
<STATE>CA
<ZIP>92008
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>CHARTER GOLF INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5704871.htm
<DESCRIPTION>ASHWORTH, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15 (d) OF THE </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of report (Date of earliest event reported): June 9, 2008</font><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>ASHWORTH,
      INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in Its Charter)</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
          </p>
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-left: 0.0px; width: 34%; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            001-14547
          </p>
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-left: 0.0px; width: 33%; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            84-1052000
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(State
            or Other Jurisdiction of </font><br><font style="font-size: 10pt; font-family: Times New Roman">Incorporation)</font>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Commission
            </font><br><font style="font-size: 10pt; font-family: Times New Roman">File
            Number)</font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(IRS
            Employer </font><br><font style="font-size: 10pt; font-family: Times New Roman">Identification
            No.)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 67%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2765 Loker Avenue West<br>Carlsbad, California
          </p>
        </td>
        <td valign="bottom" style="text-align: center; white-space: nowrap; padding-left: 0.0px; width: 33%; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            92010
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 67%">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant's
      Telephone Number, Including Area Code: (760) 438-6610</font>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      N/A<br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      2.02&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b></font>
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">On June 9,
      2008, Ashworth, Inc. (the &quot;Company&quot;) issued a press release announcing
      the financial results for its second quarter and first six months of
      fiscal year 2008.&#160;&#160;The Company will hold an earnings call at 4:30 p.m.,
      Eastern Time, on June 9, 2008 to review such results.&#160;&#160;A copy of the
      press release is attached hereto as Exhibit&#160;99.1.</font><br><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      9.01&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b></font>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          (d)
        </td>
        <td colspan="2" valign="bottom" style="text-align: left; padding-left: 0.0px">
          Exhibits:
        </td>
      </tr>
      <tr>
        <td colspan="4">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          The following exhibit is furnished with this current report on Form
          8-K:
        </td>
      </tr>
      <tr>
        <td colspan="4">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 90%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="4">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          99.1
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 90%">
          Ashworth, Inc. press release dated June 9, 2008 announcing the
          financial results for its second quarter and first six months of
          fiscal year 2008.
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: left">

    </p>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">The
      information in this current report on Form 8-K, including the exhibit
      attached hereto, is being furnished and shall not be deemed &quot;filed&quot; for
      purposes of Section 18 of the Securities Exchange Act of 1934, as
      amended, or otherwise subject to the liabilities of such section.&#160;&#160;The
      information in this current report on Form 8-K shall not be incorporated
      by reference into any registration statement or other document pursuant
      to the Securities Act of 1933, as amended, except as shall be expressly
      set forth by specific reference in such filing.</font><br>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td style="width: 7%">

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 46%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ASHWORTH, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 46%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 7%">
          Date:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 42%">
          June 9, 2008
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          By:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 46%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ Greg W. Slack</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 46%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Greg W. Slack
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 46%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer and Principal Accounting&#160;Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center; margin-right: 30.0px; margin-left: 30.0px">
      <font style="font-size: 10pt"><b>EXHIBIT INDEX</b></font>
    </p>
    <p>

    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 12%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <br>
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 50.0px; width: 88%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <br>
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; white-space: nowrap; padding-left: 0.0px; width: 12%; padding-right: 0.0px">
          99.1
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 88%">
          Ashworth, Inc. press release dated June 9, 2008 announcing the
          financial results for its second quarter and first six months of
          fiscal year 2008.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5704871ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
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  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Ashworth,
      Inc. Reports Second Quarter and YTD Fiscal 2008 Financial Results</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Second
        Quarter Earnings of $0.06 Per Share</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Third
        Consecutive Quarter of Year-Over-Year Revenue Growth in the Company&#8217;s
        Core Golf Distribution Channel</b></font>
      </li>
    </ul>
    <p>
      CARLSBAD, Calif.--(BUSINESS WIRE)--June 9, 2008--Ashworth, Inc.
      (NASDAQ:ASHW), a leading designer of on-course golf apparel and
      golf-inspired lifestyle sportswear, today announced unaudited financial
      results for its second quarter ended April 30, 2008.
    </p>
    <p>
      Allan H. Fletcher, Chief Executive Officer of Ashworth, said, &#8220;We are
      pleased to report a profit for the second quarter. Throughout the second
      quarter, we continued to implement the strategic initiatives the
      Management team believes will eventually produce the desired results.
      Although we&#8217;ve seen some signs of improvement in our core golf
      distribution channel, we still believe the turnaround will take more
      time, sharp focus and strong execution. Our Management team is committed
      to doing the things we believe will, in time, position the Company for
      sustainable and profitable growth.&#8221;
    </p>
    <p>
      &#8220;During the past few months we have faced difficult retail markets as
      well as a deteriorating economy, but we have taken steps designed to
      improve the Company&#8217;s operational efficiency and inventory productivity
      over time and we are optimistic about the future of Ashworth.&#8221;
    </p>
    <p>
      <b>Summary of Second Quarter Results:</b>
    </p>
    <p>
      Consolidated net revenue for the second quarter ended April 30, 2008
      decreased 3.4% to $57.8 million as compared to $59.9 million for the
      second quarter of 2007. The Company reported consolidated second quarter
      net income of $0.9 million, or $0.06 per diluted share, compared to a
      net loss of $2.5 million, or $0.17 per diluted share, for the same
      quarter of the prior year. In the second quarter of fiscal 2007, the
      Company recorded a tax charge of $2.9 million or $0.20 per diluted share
      to establish a valuation allowance against deferred tax assets. Domestic
      net revenue (including Gekko Brands, LLC) decreased 5.1% to $44.8
      million from $47.2 million for the same period of the prior year.
      International net revenue (including Ashworth, U.K., Ltd.) increased
      2.9% to $13.1 million from $12.7 million for the same period of the
      prior year.
    </p>
    <p>
      In the second quarter of fiscal 2008, the Company&#8217;s consolidated gross
      margin increased 340 basis points to 42.2% as compared to 38.8% in the
      second quarter of fiscal 2007. The increase in consolidated gross
      margins was due to an improved gross margin in the Company&#8217;s Domestic
      segment driven by a higher average selling price as compared to the same
      period of the prior year as well as a reduction in overhead expenses.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Consolidated selling, general and administrative (&#8220;SG&amp;A&#8221;) expenses
      increased 4.3% to $22.8 million for the second quarter of fiscal 2008 as
      compared to $21.8 million for the second quarter of fiscal 2007. As a
      percent of net revenues, SG&amp;A expenses were 39.4% for the second quarter
      of fiscal 2008 as compared to 36.5% for the same period of the prior
      fiscal year. The increase is largely due to increased consulting fees,
      primarily associated with athlete endorsements, design consultants and
      the consulting agreement for the services of our CEO. Also contributing
      was an increase in royalties due to a higher concentration of revenues
      from licensed products, an increase in commissions due to a higher
      concentration of revenues from independent sales representatives and the
      expense related to the employment and non-compete agreements entered
      into with the principals of Gekko on June 4, 2007. The increases were
      partially offset by a decrease in salaries and wages, primarily
      performance based bonuses.
    </p>
    <p>
      <b>Revenues by Channel/Segment:</b>
    </p>
    <p>
      <u>Golf</u>
    </p>
    <p>
      Total revenues in the domestic golf channel in the second quarter
      increased 2.3% to $22.3 million from $21.8 million for same period last
      year. This is the third consecutive quarter in which revenues in the
      golf channel have increased. The increase in the second quarter was
      primarily driven by higher revenues from on-course golf retailers,
      partially off-set by lower revenues from off-course and off-price golf
      retailers over the comparable prior year quarter. The Company continues
      to experience competitive pressure and the effects of market
      consolidation in off-course specialty golf retail. As part of the
      Company&#8217;s effort to restore sales growth, management is implementing new
      sales management processes in both the on-course and off-course channels
      of distribution.
    </p>
    <p>
      <u>Corporate</u>
    </p>
    <p>
      Revenues for the corporate distribution channel were $5.4 million for
      the second quarter of fiscal 2008, a decrease of 18.1% as compared to
      the same period last year. The decrease in sales primarily resulted from
      certain customer events that occurred in the prior year quarter that did
      not recur in the comparable 2008 quarter and the Company&#8217;s strategic
      decision to discontinue sales to certain accounts. In the past the
      Company has experienced missed sales opportunities in this channel due
      to out-of-stock positions in selected styles. The Company believes that
      the narrowing of Corporate assortments will improve its inventory
      productivity and customer in-stock position.
    </p>
    <p>
      <u>Retail</u>
    </p>
    <p>
      Revenues for the retail distribution channel were $3.1 million for the
      second quarter of fiscal 2008, a decrease of 52.0% from the second
      quarter of fiscal 2007. The retail channel experienced a decline in the
      second quarter primarily due to account consolidation in the channel as
      well as a decision by the management team to strategically exit a number
      of underperforming doors. The Company will seek to continue to improve
      its brand positioning by focusing on premium retail accounts and doors
      within the channel.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u>Collegiate/Racing (The Game&#174;/Kudzu&#174;)</u>
    </p>
    <p>
      Second quarter of fiscal 2008 revenues for Gekko Brands, LLC were $11.8
      million, an increase of 20.0% over the second quarter of fiscal 2007.
      This increase was primarily driven by improved penetration within its
      NASCAR channel combined with an additional increase as a result of
      having exclusive vendor rights for the 50<sup>th</sup> running of the
      Daytona 500. These increases were partially offset by the absence in the
      second quarter of 2008 of certain corporate event revenues that occurred
      during the second quarter of fiscal 2007 and a decline in the Outdoor
      Direct catalog sales.
    </p>
    <p>
      <u>Company-owned Outlet Stores</u>
    </p>
    <p>
      Revenues from the Company-owned stores were $2.2 million for the second
      quarter of fiscal 2008, a decrease of 14.2% from the second quarter of
      fiscal 2007. The decrease was largely due to the difficult retail
      environment.
    </p>
    <p>
      <u>International</u>
    </p>
    <p>
      International revenues (including Ashworth U.K. Ltd.) increased 2.9% to
      $13.1 million for the second quarter of fiscal 2008, an increase of $0.4
      million over the same period last year. The increase is largely due to
      the timing of the shipment of certain orders which were delayed from the
      first quarter to the second quarter due to first quarter distribution
      center inefficiencies resulting from the implementation of a new ERP
      system at the U.K. facility as well as the favorable effect of currency
      exchange rates.
    </p>
    <p>
      <b>Balance Sheet:</b>
    </p>
    <p>
      Net accounts receivable decreased 3.7% to $44.2 million from $45.9
      million in the prior year, commensurate with the 3.4% decrease in
      revenues for the second quarter. Net inventory decreased 1.4% to $52.4
      million as of April 30, 2008 as compared to $53.1 million for the same
      period last year.
    </p>
    <p>
      <b>Income Taxes:</b>
    </p>
    <p>
      The effective tax rate for the income tax provision for the three months
      ended April 30, 2008 and 2007 was 32% and 518%, respectively. The
      decrease in the effective rate for the current period as compared to the
      same period of the prior fiscal year is primarily due to discrete
      one-time charges in the second quarter of the prior fiscal year of $1.3
      million to establish a valuation allowance against non-originating
      deferred tax assets and a $1.6 million valuation allowance against
      originating deductible temporary differences.
    </p>
    <p>
      <b>Conference Call:</b>
    </p>
    <p>
      Investors and all others are invited to listen to a conference call
      discussing second quarter results, today at 4:30 p.m. Eastern Time (1:30
      p.m. Pacific Time). Domestic participants can access the conference call
      by dialing 800-762-8779. International participants should dial
      480-248-5081. Callers should ask to be connected to Ashworth&#8217;s second
      quarter earnings teleconference or provide the conference ID number
      3885458. The call will also be broadcast live over the Internet and can
      be accessed by visiting the Company's investor information page at <u>www.ashworthinc.com</u>.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About Ashworth, Inc.</b>
    </p>
    <p>
      Ashworth, Inc. (NASDAQ: ASHW) is a leading designer of men&#8217;s and women&#8217;s
      golf-inspired lifestyle sportswear distributed domestically and
      internationally in golf pro shops, resorts, upscale department and
      specialty stores and to corporate customers. Ashworth&#8217;s three
      market-leading brands include: Ashworth Collection (TM), a range of
      upscale sportswear designed to be worn on and off-course; Ashworth
      Authentics (TM), which showcases popular items from the Ashworth line;
      and Ashworth Weather Systems&#174;, a technical performance line. Ashworth is
      also an Official Apparel Licensee of Callaway Golf Company.
    </p>
    <p>
      Ashworth is also a leading designer, producer and distributor of
      headwear and apparel under The Game&#174; and Kudzu&#174; brands. The Game is a
      leading headwear brand in collegiate bookstores and Kudzu products are
      sold into the NASCAR/racing markets and through outdoors sports
      distribution channels, including fishing and hunting. Ashworth is also
      the exclusive on-site event merchandiser for the Kentucky Derby.
    </p>
    <p>
      For more information, please visit the Company&#8217;s Web site at <u>www.ashworthinc.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This press release contains forward-looking statements related to the
      Company&#8217;s market position, finances, operating results, marketing and
      business plans and strategies within the meaning of Section&#160;27A of the
      Securities Act, as amended, and Section&#160;21E of the Securities Exchange
      Act of 1934, as amended. These forward-looking statements may contain
      the words &#8220;believes,&#8221; &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;predicts,&#8221; &#8220;estimates,&#8221;
      &#8220;projects,&#8221; &#8220;will be,&#8221; &#8220;will continue,&#8221; &#8220;will likely result,&#8221; or other
      similar words and phrases. Readers are cautioned not to place undue
      reliance on these forward-looking statements, which speak only as of the
      date hereof. The Company undertakes no obligation to update any
      forward-looking statements, whether as a result of new information,
      changed circumstances or unanticipated events unless required by law.
      These statements involve risks and uncertainties that could cause actual
      results to differ materially from those projected. These risks include
      the uncertainties associated with implementing a successful transition
      in executive leadership, successful resolution of the current dispute
      with Callaway Golf, the impact of borrowing base limitations in the
      Company&#8217;s new credit facility, the evaluation of strategic alternatives
      that may be presented, timely development and acceptance of new
      products, as well as strategic alliances, the integration of the
      Company's acquisition of Gekko Brands, LLC, the impact of competitive
      products and pricing, the success of the Sun Ice&#174; and Callaway Golf
      apparel product lines, the preliminary nature of bookings information,
      the ongoing risk of excess or obsolete inventory, the potential
      inadequacy of booked reserves, the successful operation of the
      distribution facility in Oceanside, CA, the successful implementation of
      the Company's ERP system, and other risks described in Ashworth, Inc.'s
      SEC reports, including the annual report on Form 10-K for the year ended
      October 31, 2007, the quarterly reports on Form 10-Q filed thereafter
      and amendments to any of the foregoing reports, including the Form
      10-K/A for the year ended October 31, 2007.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p>
            ASHWORTH, INC.
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Consolidated Statements of Income
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Second Quarter and Six Months ended April 30, 2008 and 2007
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          (Unaudited)
        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="text-align: center; padding-left: 0.0px">
          Summary of Results of Operations
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          2008
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          2007
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>SECOND QUARTER</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net Revenue
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          57,826,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          59,864,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Cost of Sales
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          33,438,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          36,623,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Gross Profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          24,388,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          23,241,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Selling, General and Administrative Expenses
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          22,781,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          21,841,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income from Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,607,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,400,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other Income (Expense):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Interest Income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          20,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          21,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Interest Expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (715,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (771,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Other Income (Expense), net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          446,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (44,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Total Other Expense, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (249,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (794,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income Before Provision for Income Taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,358,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          606,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Provision for Income Taxes
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          431,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          3,139,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 5.0px">
          Net Income (Loss)
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          927,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($2,533,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (Loss) Per Share &#8211; BASIC
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          0.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.17
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Weighted Average Common Shares Outstanding
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,714,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,520,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (Loss) Per Share &#8211; DILUTED
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          0.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.17
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Adjusted Weighted Average Shares and Assumed Conversions
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,714,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,520,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>SIX MONTHS</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net Revenue
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          92,345,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          98,136,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Cost of Sales
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          55,459,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          59,278,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Gross Profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          36,886,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          38,858,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Selling, General and Administrative Expenses
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          42,143,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          40,958,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Loss from Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (5,257,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (2,100,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other Income (Expense):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Interest Income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          50,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          58,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 5.0px">
          Interest Expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (1,722,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (1,372,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Other Income (Expense), net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,056,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (60,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total Other Expense, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (616,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (1,374,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Loss Before Provision for Income Taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (5,873,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          (3,474,000
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Provision for Income Taxes
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          623,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,507,000
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 5.0px">
          Net Loss
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($6,496,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($4,981,000
        </td>
        <td valign="bottom" style="text-align: left; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Loss Per Share &#8211; BASIC
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.44
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.34
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Weighted Average Common Shares Outstanding
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,714,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,520,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Loss Per Share - DILUTED
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.44
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          ($0.34
        </td>
        <td valign="bottom" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Adjusted Weighted Average Shares and Assumed Conversions
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,714,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          14,520,000
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          ASHWORTH, INC.
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Consolidated Balance Sheets
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          As of April 30, 2008 and 2007
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          (Unaudited)
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px">
          April 30,
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px">
          April 30,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>ASSETS</u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          2008
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          2007
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          CURRENT ASSETS
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Cash and Cash Equivalents
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          3,481,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          4,227,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Accounts Receivable-Trade, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          44,181,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          45,874,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          52,380,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          53,125,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Other Current Assets
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          7,136,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          8,990,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 20.0px">
          Total Current Assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          107,178,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          112,216,000
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Property and Equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          34,909,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          38,802,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px">
          Other Assets, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          25,344,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          25,694,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-bottom: 4.0px; padding-left: 0.0px">
          Total Assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          167,431,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          176,712,000
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</u>
          </p>
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          CURRENT LIABILITIES
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Line of Credit Payable
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          39,342,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          29,470,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Current Portion of Long-Term Debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          883,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          6,039,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Accounts Payable &#8211; Trade
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          12,664,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          11,514,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Other Current Liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          9,795,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          11,082,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 20.0px">
          Total Current Liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          62,684,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          58,105,000
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Long-Term Debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          10,939,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          11,456,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other Long-Term Liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          1,780,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          2,032,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          92,028,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          105,119,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-bottom: 4.0px; padding-left: 0.0px">
          Total Liabilities and Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          167,431,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom: double black 2.25pt; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px">
          176,712,000
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Ashworth, Inc.<br>Allan H. Fletcher, CEO<br>Eddie J. Fadel,
      President<br>Greg W. Slack, CFO<br>760-929-6100
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SUBMISSION>
