Business
Newton Golf Shafts Introduces a Weekly Motion Driver Performance Pool Program for PGA TOUR Champions Players
CAMARILLO, CA, May 30, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf Company, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology forward golf company
About this update from Newton Golf Company, Inc.
[{"type":"text","content":"CAMARILLO, CA, May 30, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf Company, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces the launch of a Weekly Performance Pool program for players on the PGA TOUR Champions using Newton Motion driver shafts. The incentive program offers the opportunity for players on the PGA TOUR Champions to compete for prize money based on their individual performance with the Newton Motion shaft in their driver at any given tournament. Unlike traditional prize structures, participants will only compete against others within the pool, enhancing the excitement and camaraderie among players swinging a Newton Motion driver shaft. “We started the program because of the positive feedback we have been getting and the building curiosity among the players,” said SPG Executive Chairman Greg Campbell. “It started with staff player Ken Duke using it, and then the word about the proprietary technology in the shaft began to spread among other players. Additionally, with Doug Barron’s recent major championship victory with the shaft has further proven its impact, and we wanted to provide other PGA TOUR Champions players with the opportunity to experience the same benefits.” Participation in the Weekly Performance Pool is open to any player on the PGA TOUR Champions, regardless of their status. To qualify, players first notify the Company of their intent to participate in the program via a simple agreement. Then, they are confirmed to be using the Newton Motion driver shafts via Darrell Survey, the golf industry’s leading independent and impartial arbiter of equipment usage. To be eligible for the Weekly Performance Pool, players must play the Newton Golf Motion shaft in their driver exclusively for all competitive rounds in a given tournament event to be eligible for the Weekly Performance Pool. Payouts will be distributed based on performance against other players in the program. In addition to the weekly payouts, Newton Golf Shafts will reward any participating player who wins an event outright with a significant bonus, as well as the first-place weekly payout. This bonus will be doubled for a PGA TOUR Champions Major Championship win, providing further incentiv...