GolfGear International Inc. Announces Operating Results for the Three Months Ended March 31, 2002

Contact Don Anderson
GolfGear International Inc.
800-955-6440 / 714-899-4274

HUNTINGTON BEACH, Calif. (May 28, 2002) - GolfGear International Inc. (OTCBB:GEAR) (the "company") announced the results of its operations for the three months ended March 31, 2002, reporting net sales of $377,780 and a net loss of $240,290, as compared with net sales of $571,046 and a net loss of $166,320 for the three months ended March 31, 2001.

Net loss applicable to common shareholders was $240,290 and $199,100 for the three months ended March 31, 2002 and 2001, respectively. Net loss per common share (basic and diluted) was $0.01 per share in 2002 and 2001. Weighted average common shares outstanding were 17,894,454 and 15,273,598 in 2002 and 2001 (basic and diluted).

Excluding sales to the Far East and Europe, sales in the United States decreased by only $15,879 or 5% in 2002 as compared with 2001, primarily as a result of the company's inability to fund inventories at a level necessary to support increased sales.

The sales decrease of $193,266 or 33.8% in 2002 as compared with 2001 primarily reflects a lack of sales to the company's former distributor in Japan. Sales to the Far East decreased to $56,032 in 2002 as compared with $243,915 in 2001.

The company is attempting to increase revenues through various means, including expanding its sales force and increasing its exposure at demo days, increasing its brands and product offerings, and implementing new marketing programs. The company is also considering an infomercial campaign and a direct marketing program to consumers.

The company's efforts to increase revenues will require additional capital to fund these increased sales and marketing activities, as well as to fund increased inventory levels.

On April 8, 2002, the company completed the first stage of an expected two stage financing. This first stage included the sale of 15 million shares of common stock at $0.075 per share, for an aggregate purchase price of $1,125,000.

The purchaser of the 15 million shares, Wyngate Ltd., a Jersey Limited Company, and its president, Peter H. Pocklington, have the exclusive right for a period of 90 days to implement a convertible debt financing, as described below.

The second stage contemplates the sale by the company of convertible debentures in an aggregate amount ranging from a minimum of $2 million to a maximum of $4 million, which will be convertible into common stock at $0.25 per share for a period of 12 months commencing 6 months after the initial sale of the debentures.

For each share of common stock issued upon conversion of the debentures, one common stock purchase warrant will be issued, which will be exercisable for a period of 18 months at $0.10 per share. The completion of the second stage of the financing will result in a majority of new directors being named to the board of directors, with Pocklington being appointed chairman and chief executive officer.

Don Anderson, the company's founder, will be remaining with the company as president and chief operating officer. Although the company expects that the second stage will be completed within the near future, there can be no assurances that this financing will be completed.

GolfGear was founded by Anderson in 1989, and offers a full line of proprietary golf equipment under various brand names, including "GolfGear," "Leading Edge," "Claw" (putters), "Players Golf" (junior clubs), and "Diva" (women's clubs). GolfGear's patent portfolio with respect to insert technology is the largest and most comprehensive in the golf industry, with eight domestic and two foreign patents issued related to forged-face insert technology.

These patents incorporate a wide variety of forged-face insert materials, including titanium, beryllium copper, stainless steel, carbon steel, aluminum, and related alloys thereof, and include technology relating to varying the face thickness of the insert. GolfGear's products are sold principally in the United States, Europe and Asia.

All GolfGear products sold in North America conform with the United States Golf Association's performance limitations regarding coefficient of restitution ("COR"). GolfGear is planning to introduce non-conforming products under Royal and Ancient Golf Club (St. Andrews, Scotland) regulations outside of North America.

Rankmark.com, a leading independent golf club testing agency, ranked GolfGear's Tsunami driver in its "Best of the Best" category for 2001/2002. The 340 c.c. Tsunami driver was tested against more than 40 well-known competitors, including current models of all major brands, and finished number one in distance, surpassing the top selling clubs by up to 16 percentage points.

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

This news release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release.

For additional information, contact Anderson at 800/955-6440 or 714/899-4274.