IRVINE, Calif., March 6, 2019 /PRNewswire/ -- Warrior Custom Golf, Inc., Warrior Acquisitions, LLC and affiliated entities ("Warrior" or the "Company") announced today that on March 4, 2019, it initiated a court-supervised reorganization and filed voluntary petitions for chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas Laredo Division to facilitate its reorganization. The Warrior enterprise has two distinct divisions – its amazing custom golf club business and its nationwide portfolio of stunning public golf courses. Both of these business lines are operating in the ordinary course, remain open for business and are serving our loyal customers.
"The Company has been working diligently to focus the business on providing high quality custom golf clubs, helpful customer service and impeccable golf courses so that we can thrive in today's challenging golf market," said Jeremy Rosenthal, Warrior's Chief Restructuring Officer and Principal with Force 10 Partners.
The Company has ample liquidity to fund operations and its debtor-in-possession financing has been approved. The U.S. Bankruptcy Court has also authorized the payment of employee wages and benefits, payment to vendors and suppliers going forward in the ordinary course and the continuation of all customer programs, among other things.
"After careful and diligent consideration, the Company believes that chapter 11 provides these amazing companies the best opportunity to reorganize for the benefit of all of stakeholders while continuing to faithfully serve its many customers," added Rosenthal. "Customers can be assured that our doors are open and that they can purchase custom clubs fit to their needs and then go play them on any of our incredible courses. We look forward to growing and innovating for years to come."
Michael Warner and Warren Usatine of Cole Schotz P.C. are serving as the Company's legal counsel and Force 10 Partners is providing Mr. Rosenthal as the Chief Restructuring Officer and is the financial advisor and investment banker.
Additional information regarding the Company's chapter 11 filing and information about the claims process is available at www.donlinrecano.com/warrior or by calling the Company's claims agent, Donlin Recano, at: Toll-Free: (866)-745-0270 or submit an inquiry via e-mail to firstname.lastname@example.org.
About Warrior Custom Golf
Warrior Custom Golf, Inc. was established for the singular purpose of developing, manufacturing and marketing custom golf clubs for golfers worldwide. The Company has brought together an impressive group of highly regarded product development and golf manufacturing professionals, many of whom have 20 or more years' experience including seasoned master club builders. Building Warrior golf clubs on-site in the U.S. makes the latest technology available to their customers at the lowest price possible. As a result, Warrior has surpassed $200 million sales with over 1 million satisfied customers and is one of the fastest growing golf companies in the nation.
For more information on Warrior Custom Golf, 15 Mason, Irvine, CA 92618, contact at 1(800) 574-9790 or visit their website https://www.warriorcustomgolf.com