Callaway 2004 Annual Report Download - page 8

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Important Notice to Investors: Statements made in this report that relate to future plans, events,
liquidity, Ñnancial results or performance including statements relating to future cash Öows, as well as
estimated charges to earnings, projected amortization expenses and contractual obligations, are forward-
looking statements as deÑned under the Private Securities Litigation Reform Act of 1995. These statements are
based upon current information and expectations. Actual results may diÅer materially from those anticipated
as a result of certain risks and uncertainties. For details concerning these and other risks and uncertainties, see
""Management's Discussion and Analysis of Financial Condition and Results of Operations Ì Certain Factors
AÅecting Callaway Golf Company'' contained in this report, as well as the Company's other reports on
Forms 10-K, 10-Q and 8-K subsequently Ñled with the Securities and Exchange Commission from time to
time. Investors 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 forward-looking statements to
reÖect events or circumstances after the date hereof or to reÖect the occurrence of unanticipated events.
Investors should also be aware that while the Company from time to time does communicate with securities
analysts, it is against the Company's policy to disclose to them any material non-public information or other
conÑdential commercial information. Furthermore, the Company has a policy against distributing or
conÑrming Ñnancial forecasts or projections issued by analysts and any reports issued by such analysts are not
the responsibility of the Company. Investors should not assume that the Company agrees with any report
issued by any analyst or with any statements, projections, forecasts or opinions contained in any such report.
Callaway Golf Company Trademarks: The following marks and phrases, among others, are trademarks
of Callaway Golf Company: Apex Ì Apex Edge Ì Apex Tour Ì Baby Ben Ì Ben Hogan Ì BH Ì BH-5 Ì
Big Ben Ì Big Bertha Ì C design Ì C455 Ì CB1 Ì CS-3 Ì CTU 30 Ì Callaway Ì Callaway Golf Ì
Callaway Hickory Stick Ì Carnoustie Ì Chevron Device Ì Complete Ì Dawn Patrol Ì Daytripper Ì De-
monstrably Superior and Pleasingly DiÅerent Ì Deuce Ì DFX Ì Distance Yourself Ì Divine Nine Ì Dual
Force Ì Dual Zone Ì Edge CFT Ì Ely Would Ì ERC Ì Ever Grip Ì Explosive Distance.Amazing Soft
Feel Ì Flying Lady Ì FTX Ì Fusion Ì Game Enjoyment System Ì Gems Ì GES Ì Ginty Ì Great Big
Bertha Ì Hawk Eye Ì Heavenwood Ì Hogan Ì HX Ì I-Trax Ì Legacy Ì Legend Ì Little Bertha Ì
Long & Soft Ì Molitor Ì Number One Putter in Golf Ì Odyssey Ì Pure Distance Ì RCH Ì Riviera Ì
Rossie Ì Rule 35 Ì S2H2 Ì STS Ì SenSert Ì Speed Slot Ì Steelhead Ì Strata Ì Stronomic Ì Sure-
Out Ì T design Ì The Hawk Ì The Longest Balls Ì The Most Played Name in Golf Ì TL Distance Ì TL
Tour Ì Top-Flite Ì Top-Flite InÑnity Ì Top-Flite Tour Ì Top-Flite XL Ì Tour Ace Ì Tour Blue Ì Tour
Deep Ì Tour Premier Ì Tour Professional Ì Tour Straight Ì Tour Ultimate Ì Trade In! Trade Up! Ì
TriForce Ì TriHot Ì Trilateral Ì Tru Bore Ì Tunite Ì VFT Ì Warbird Ì Where They Don't Play Golf,
They Don't Play Top-Flite Ì White Hot Ì White Steel Ì World's Friendliest Ì X-12 Ì X-14 Ì X-16 Ì
X-18 Ì XL 3000 Ì X-SPANN Ì X-Tour Ì XWT