Royal Precision Announces Frank W. Mertes Appointed as Vice President Finance And Chief Financial Officer

Contact John C. Lauchnor
President & Chief Operating Officer of Royal Precision, Inc.
860-489-9254
or Jeff Stanlis (Media)
RCG Capital Markets Group, Inc.
480-675-0400

TORRINGTON, Conn. (January 2, 2002) -- Royal Precision, Inc. (Nasdaq: RIFL), the manufacturer of the Rifle(R) shaft, one of the most widely-used golf club shafts on the PGA Tour, announced today that Mr. Frank W. Mertes has been appointed Vice President Finance and Chief Financial Officer, effective immediately. Mr. Mertes succeeds Mr. Kevin Neill, who has chosen not to transfer to Torrington, Connecticut, due to personal reasons.

Mr. Mertes, age 44, has over 15 years of finance, accounting and management experience in manufacturing environments. His experience includes servings as Corporate Controller, Assistant Treasurer and IT Manager for Telaxis Communications (Nasdaq: LISTED), a South Deerfield, MA-based provider of radio frequency products for broadband wireless access systems. Prior to this, he served as an independent financial and business consultant in New England. In addition, Mr. Mertes served as Director of Finance for Perstrop, Incorporated, a manufacturer of melamine and urea compounds and as Corporate Controller for Catamount Manufacturing, Incorporated, a supplier and manufacturer of plastic components. Mr. Mertes, also worked for Coopers & Lybrand as a certified public accountant. Mr. Mertes holds a M.B.A. from the University of Massachusetts.

John C. Lauchnor, president and chief operating officer of Royal Precision, Inc., commented, "Frank joins Royal Precision with a significant depth and breadth of financial reporting and management experience. We believe Frank will play an important role as Royal Precision enters the next phase of its development."

Royal Precision, Inc. is a leading designer, manufacturer and distributor of high-quality innovative golf club shafts, including the Rifle shaft featuring the Company's "Frequency Coefficient Matching" technology, or "FCM," designed to provide consistent flex characteristics to all the clubs in a golfer's bag. Royal Precision, Inc. is also a designer and distributor of Royal Grip(R) golf club grips offering a wide variety of standard and custom models, all of which feature durability and a distinctive feel and appearance.

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