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Sacks Parente Golf Company (Nasdaq: SPGC) has launched a Weekly Performance Pool for PGA TOUR Champions players using Newton Motion driver shafts. This program allows participants to compete for prize money based on their performance with the Newton Motion shaft in their driver at any tournament. The initiative aims to enhance camaraderie among players using the shaft. Notably, Doug Barron's recent major championship win with the shaft has boosted its credibility. Participation is open to all PGA TOUR Champions players who notify the company and exclusively use the Newton Motion shaft in their driver. Current participants include eight players such as Ken Duke and Fred Funk. The Newton Motion shafts feature four key technologies and are available at newtonshafts.com.
Newton Golf Shafts, a division of Sacks Parente Golf, announced Doug Barron's first major championship win on the PGA TOUR Champions using a Newton Motion shaft. Barron clinched victory at the Regions Tradition tournament with a two-stroke lead and a final round score of 68. His driving accuracy was 72% with a longest drive of 301 yards.
Barron's success, aided by the Newton Motion shaft, has boosted his standing to fifth in the Charles Schwab Cup rankings. Newton Golf Shafts' innovative design and technology, including Elongated Bend Profile and Kinetic Storage Construction, contributed to this achievement. The Newton shaft is recognized for promoting straighter and longer shots with reduced effort. Newton Shafts are also used by other PGA TOUR Champions members.
Sacks Parente Golf, Inc. (NASDAQ: SPGC) reported a revenue of $350k in the first quarter of 2024, surpassing the entire revenue of FY2023. The company expects April 2024 to be a record revenue month and projects a 100% sequential growth in 2Q24. Sacks Parente expanded its Newton Golf Shaft division and introduced innovative programs to drive revenue growth. The company's premium putters and Newton Motion driver shafts are now available in 126 Club Champion retail stores nationwide. Player agreements for Newton Motion shaft sponsorships have been made with notable golf professionals. Sacks Parente appointed golf-industry veteran Jane Casanta to its Board of Directors.