Ajay Sports, Inc. (AJAYQ.PK)

Ajay Sports, Inc. and its subsidiaries engage in franchising retail golf stores. The company franchises Pro Golf/Pro Golf Discount retail golf stores, as well as sells golf equipment, and other golf-related and sporting goods products and services over the Internet. It franchises approximately 116 stores in the United States, Canada, Europe, and Puerto Rico. Ajay Sports was founded in 1988 and is based in Farmington Hills, Michigan.

For the six months ended 30 June 2006, Ajay Sports, Inc.'s revenues fell 30% to $1.2M. Net profit from cont. ops. applic. to Common totaled $10.9M, vs. a loss $223K. Revenues reflect increased net sales. Net profit reflects decrease in selling, general & administrative expenses mainly due to decrease in personnel costs, trade show expenses, advertising expenses & legal fees and lower depreciation & amortization charges.