U.S. District Court Dismisses Securities Class Action Lawsuit Against Adams Golf

Contact Mary Beth Lacy
Press Relations
760-202-1181
mblacy@aol.com
or Patty Walsh
Investor Relations
972-673-9850
pattywalsh@adamsgolf.com

PLANO, Texas (December 13, 2001) -- Adams Golf (Nasdaq: ADGO) announced today that the federal securities class action filed against the Company and certain of its officers and directors in June 1999 in the United States District Court for the District of Delaware has been dismissed. The Court concluded that the plaintiffs, a small group of stockholders, failed to plead any facts supporting their claim that the Company or its officers and directors violated the federal securities laws.

"Needless to say, we're very pleased with this favorable ruling," stated Adams Golf Chairman and CEO Barney Adams. "We have maintained all along that the complaint was completely without merit and in its first look at the lawsuit, the Court agreed. While the case is not over due to the plaintiffs' right to potentially file an amended complaint or appeal, this is nevertheless a significant victory for Adams Golf."

keywords: Adams Golf, Barney Adams, lawsuit, securities laws