LAW\50363\262503.01
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 24, 1997
CARLYLE GOLF, INC.
(Exact Name of Registrant as Specified in its Charter)
COLORADO 0-24160 84-1218066
(State of Incorporation)(Commission File (IRS Employer ID
Number) Number)
10550 East 54th Avenue, Unit E
Denver, Colorado 80239
(Address of Principal Executive Offices)
(303) 371-2889
(Registrant's Telephone Number)
Item 5. Other Events
See the Registrant's press release, labeled Exhibit A, attached
hereto and incorporated by reference to this report.
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.
Date: September 29, 1997 CARLYLE GOLF, INC.
By:
Jerome M. Hause, President
EXHIBIT A
CARLYLE GOLF, INC.
News Release
Company contact: Media & Investor Relations:
Jerre Hause, President Len Turano, President
Carlyle Golf, Inc. TKO International
(303)371-2889 (303)850-7896
www.carlylegolf.com www.growthstockinvestor.com
CARLYLE GOLF EXTENDS WARRANTS
Denver, CO - July 24, 1997 - Carlyle Golf, Inc. (NASDAQ: CRLG,
CRLGW) today announced that it will extend the exercise period
for its outstanding warrants to purchase common stock. Each of
the 1,928,000 warrants presently outstanding entitles the holder
thereof to purchase one share of Common Stock at a price of
$4.50. The warrants, which would have otherwise expired on
August 12, 1997, are now exercisable any time before August 12,
1998. By extending the public warrants, the Company is also
extending the Underwriter's warrants to purchase 170,000 units
consisting of 170,000 shares and an additional 170,000 warrants
to purchase common stock. Jerre Hause, President, stated "We
believe that this action will give the holders of our warrants,
many of whom were investors in our original public offering three
years ago, an opportunity to share in the success we hope to
achieve over the next year. The acquisition of Pro-Line Cap
Company in January has doubled the size of the Company and that
coupled with the growing acceptance of the Carlyle brand makes us
optimistic about the Company's performance in the coming years."
The Company also has recently executed an agreement with State of
the Art Golf Company to produce a private label line of apparel
to be sold throughout the 160 Pro Golf Discount stores and the
1,700 Cadillac dealers across the United States. Mark Lantz,
Vice President of the State of the Art Golf Company, Inc.
indicated his pleasure in reaching an agreement with Carlyle as
it substantially upgrades the quality and look for the line.
Carlyle Golf, Inc. designs, contracts for the manufacture of and
markets men's golf apparel to both domestic and international
customers including resorts, on-course golf pro shops, and major
golf tournaments. Through its headwear division, Pro-Line Cap
Company, Carlyle Golf also manufactures athletic headwear which
it markets and sells to college bookstores, baseball teams,
corporations, and various customers in the golf industry,
including its golf apparel customers. Products are sold under
both the Carlyle label and the Pro-Line label.
To the extent that this report includes predictions of the
Company's future performance or discloses the expectations of the
Company as to such performance, such statements are forward
looking statements, the accuracy of which cannot be guaranteed by
the Company or its management. For example, a downturn in
general economic conditions, adverse developments in the "green
grass" golf apparel industry, unanticipated problems with order
delays by the Company's cutting and sewing contractors or fabric
suppliers, or the failure of presently anticipated funding
sources to continue, among other possibilities, could cause these
forward looking statements to prove to be incorrect.
# # #
