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AMF Bowling

May 5, 2003 - Columbia Industries, Inc. confirmed today that it has been licensed by AMF Bowling Products to manufacture and market AMF bowling balls, bags, pro shop accessories and other bowling consumer products.

The agreement was signed May 5, 2003 and is effective July 1, 2003. The agreement was signed for five years with an additional five years based on performance achievements. Financial terms were not disclosed. AMF Consumer Products will operate as a division of Columbia Industries.

Columbia Industries, Inc. will be organizing a team of professional sales and marketing personnel to act autonomously in the sale of AMF branded consumer products. This management team, operating out of the San Antonio, Texas area, will assemble and carry out its own strategic business plan. One of the team's first duties will be to establish a global distribution network and outline a timetable for new product introductions.

"Our plans are to manufacture, market and support a full line of AMF-branded products," commented Mike Allbritton, president of Columbia Industries, Inc. "We will be totally committed to growing the AMF branded business with all the resources and experience of over 40 years in the manufacture and distribution of consumer products."

"We are also fully committed to our distributor network, so we've made the decision to utilize those distributors for the sale of AMF products," continued Allbritton. "Columbia's entire business culture is very much relationship-based which has worked to the advantage of all our business partners, from our employees to our vendors right through to our customers".

"Columbia has been a great partner for AMF as an innovative, high-quality supplier who we think will continue making an excellent AMF branded product and be able to support the brand in the way it deserves," said Ron Wood, General Manager of AMF's Consumer and Support Products Division. "We have no manufacturing capability, so this agreement should allow us to effectively exploit AMF's tremendous brand equity with the potential for profitability growth for both companies".

To view the products that we have available, please visit AMF Bowling.

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