"George Fellows" was the President and CEO of Callaway Golf Company from 2005-2011.

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We have several new products being introduced, and the initial response from our customers has been positive. We also expect to continue to realize the benefits of the cost reduction initiatives we implemented in September.

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We are very proud of our technology leadership in the industry. Our new X-Tour Wedges are an example of how technology combines with human elements -- like the unique touch and great eye of a craftsman like Roger Cleveland and the input of a special golfer like Phil Mickelson -- to create a great product. It's what makes these wedges special and why we think they will become short-game classics.

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The new Big Bertha Irons are masterpieces in their category. Their superior technology and forgiving product design deliver the absolute best irons for players looking for game improvement.

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The introduction of the new HX Pearl Golf Ball underscores our commitment to women's golf. Women golfers have told us they want the same high-tech performance golf balls men play, but they want them to be designed for their style of play. We listened to them, and the result is the HX Pearl, a superior performance ball that delivers exceptional distance and soft feel tee to green.

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We are proud to expand our support of junior golf by extending our relationship with the Junior World Championships. Our sponsorship of this prestigious event, along with our ongoing support of high school and college programs around the country, further demonstrates our commitment to the players who are the future of this great game.

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Our expectation is Asia will continue to be strong.

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