Textron Golf, Turf & Specialty Products Captures Meadowbrook Golf Business; Deal Involves Golf Cars and Turf Equipment Vehicles for More Than 100 Courses

    AUGUSTA, Ga.--Sept. 28, 2001--Textron Golf, Turf & Specialty Products announced today the signing of a five-year contract with Meadowbrook Golf Inc. and Meadowbrook's subsidiary International Golf Maintenance to be the exclusive provider of E-Z-GO golf cars, Jacobsen turf equipment and Cushman specialty vehicles at all of Meadowbrook's facilities throughout the United States.
    "We could not be more excited about this relationship with Meadowbrook," said David Rivers, executive vice president of Textron Golf, Turf & Specialty Products. "It is a perfect example of what we offer in a single turnkey package--golf cars, turf products, maintenance vehicles as well as the in-house financing. Nobody else in our industry can do that with a single phone call like we can. This deal is extremely significant."
    Meadowbrook Golf is a Florida-based full service golf management company that owns, leases, manages or maintains more than 100 golf facilities throughout the United States. Through its wholly owned subsidiary International Golf Maintenance, the largest agronomic provider in the U.S., Meadowbrook offers its golf properties the most reputable and comprehensive golf course maintenance service in the industry.
    "We are excited about the relationship with a market leader like Textron," said Mike Kelly, vice president of marketing development at Meadowbrook Golf. "We feel it is an integral part of our overall strategic growth plan and anticipate a great synergy between us. This relationship represents opportunities for each of our divisions and for the variety of companies under the Textron umbrella."
    "With the addition of Meadowbrook," added David Davis, director of national accounts for Textron Golf, Turf & Specialty Products, "E-Z-GO now has an exclusive relationship with nine of the top 10 golf course management companies in the world, including the top three--American Golf, with more than 320 golf properties worldwide; ClubCorp, with more than 220 properties worldwide; and Meadowbrook Golf, with more than 100 properties in the U.S. We think that statistic speaks for itself."

    About Textron Golf, Turf & Specialty Products and Textron

    Textron Golf, Turf & Specialty Products is the world's leading manufacturer of golf cars, professional turf care equipment and utility vehicles for the golf, turf care and industrial markets. Textron Golf, Turf & Specialty Products include Bob-Cat, Brouwer, Bunton, Cushman, E-Z-GO, Jacobsen, Ransomes, Ryan and Steiner brands.

    Textron Inc. is a $13 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial Products, Fastening Systems and Finance. Textron has a workforce of 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies" and Industry Week magazine's "Best Managed Companies." More information is available at www.textron.com.