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March Weather Impact Unfavorable, Reports Pellucid

| April 18, 2011

This even out the Year-to-Date weather impact as compared to a year ago which offset the weather gains accumulated in the first two months of the year.

March weather impact was unfavorable with Golf Playable Hours was down 14% compared to year ago, says a report by Pellucid Corp., a Buffalo Grove, Ill.-based consulting firm. This even out the Year-to-Date weather impact as compared to a year ago which offset the weather gains accumulated in the first two months of the year.

Looking back on February rounds demand as reported by Golf Datatech/NGF to calculate percentage utilization, the Utilization Rate decreased 6 points to 46% (comprised of a 19% increase in Rounds Played against a 35% increase in Capacity Rounds).

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