Golf News: - Posted 27th July 1998

Lynx applies for bankruptcy protection

Carlsbad, California - Lynx Golf, Inc., which has not made a profit in seven years, revealed yesterday that it had filed for bankruptcy protection.

The company, which has several high-profile investors, including Fred Couples, had announced losses of $15 million on sales of $8.9 million for the year ended June 1998.

Lynx recently laid off more than 30 employees, and announced the resignation of Robert Bruning as the company's chief financial officer. Mr. Bruning remains an employee of the company.

The company underwent a change in ownership in 1996 and introduced several new products since then, but it's fortunes have failed to improve.