GOLF NEWS & NOTES: DON'T SHED A TEARDROP FOR ME
NJ-based TearDrop Golf Co. has signed a letter of
intent to acquire the assets of IL-based Ram Golf. The
proposed acquisition will be subject to a number of
conditions including the negotiation of a definitive asset
purchase agreement and the successful completion of a due
diligence investigation by TearDrop. The purchase will
include cash and common stock of TearDrop (TearDrop).
ON THE EDGE: FL-based Visual Edge Systems Inc. has
reached an agreement in principal with Infinity Investors
Ltd. to extend its debt financing of the repayment of a
bridge loan of $7.5M. Visual Edge Systems produces "One-on-
One with Greg Norman" personalized videos (Visual Edge).