January 28, 2008

Golfsmith Receives Nasdaq Staff Deficiency Letter Regarding Audit Committee Requirements (Centre Daily Times)

Golfsmith International Holdings, Inc., (NASDAQ: GOLF) today announced that on January 23, 2008 the Company received a Nasdaq Staff Deficiency Letter indicating that it no longer complies with the Nasdaq audit committee requirement for continued listing as set forth in Marketplace Rule 4350, which requires a listed company to have an audit committee of at least three independent directors. …

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