April 25, 2003

News Release: Second Quarter Results are Positive

Jazz Golf Equipment Inc. reports a sales increase of 95% for the first six months of the 2003 fiscal year. - The company successfully launches new product lines for the 2003 season. - Jazz to design and distribute Team Canada labeled golf products under license from the Canadian Hockey Association. //et
Jazz Golf Equipment Inc. reported strong sales for the second consecutive quarter due to significant response to product and marketing programs as well as the continued success of inventory reduction initiatives.

Revenues for the second quarter period that ended February 28 2003 were $1,039,238, which was an increase of $754,097 from the same period last year. The net loss before tax for the second quarter was $433,799 as compared to a net loss before tax of $1,572,746 in the same period last year, an improvement of $1,138,947 or 72%. The net loss last year included $853,535 of costs and adjustments due to inventory and sales reversals, which were applied to cost of goods. The net loss per share for the quarter was $0.07 compared to $0.16 last year.

For the six-month period ending Feb 28 2003 revenues were up 95% to $1,990,507 and losses, before tax, were reduced by 62% to $762,450 for this fiscal period as compared to a before tax loss of $1,998,622 last year. The net loss per share was $0.13 as compared to a loss of $0.20 in the comparable six-month period in 2002.

The growth in revenues was attributable to a positive response to the new lines of Jazz products as well as our inventory reduction and management programs which created opportunity sales. In addition, the Company was able to begin spring shipments earlier than the previous year due to enhanced fulfillment processes combined with favourable weather conditions in many regions of the country, which provided for earlier course openings.

The Company had considerable improvements to working capital requirements due to inventory and accounts receivable management efficiencies enhancements. Inventory had decreased 15% during the first two quarters of the current financial year to a value of $3,383,487 and on a year-over-year basis the inventory was reduced by 26%. Accounts receivable were $1,504,984 for the period ending February 28th 2003, an increase of 20% from August 31st 2002. The accounts receivable experienced a 66% improvement in collection performance from the same period last year.

Jazz moved into the 2003 season with dramatic new products such as the Vibe and the Rally series of golf clubs and new additions to the Fat Cat series. The strength of the new lines and an aggressive marketing program created a 30% improvement in spring bookings. Complimenting these new products will be a new Team Canada labeled series of golf products that have had a very strong market response and interest. Jazz Golf Equipment Inc. has entered into a 5-year licensing agreement with the Canadian Hockey Association for which Jazz may produce and distribute such products worldwide. Jazz will rapidly expand the product line as the designs are tested and approved.

Jazz Golf is the leading Canadian designer and manufacturer of golf clubs and other related products, which it markets primarily through a network of manufacturer's representatives and golf pro shops throughout Canada and the United States. Jazz Golf common shares are listed on the TSX Venture Exchange (JZZ.A)

CONTACT: TEL: (204) 947-0645 x 224 Jazz Golf Equipment Inc.

Mr. Ron Diduch, Chief Executive Officer

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