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MRC Golf - Press Release - For Immediate Release

- MRC GOLF Press Release - December 21, 2010

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NEWS RELEASE

MRC GOLF, INC. OBTAINS JUDGMENT AGAINST HIPPO GOLF COMPANY INC. FOR WRONGLY IDENTIFYING ITS PRODUCTS AS BEING MADE BY OR CONTAINING MATERIAL PRODUCED BY MITSUBISHI RAYON

In February 2009, MRC Golf Inc., a California corporation, and an indirect wholly owned subsidiary of Mitsubishi Rayon Co., Ltd. filed a legal action against Hippo Golf Company, Inc., a California corporation, in the United States District Court, Southern District of California, identified as Case Number 09cv327L, for Hippo Golf Company, Inc.'s advertising and selling of golf products wrongfully and falsely identified as being made by and/or containing material produced by Mitsubishi Rayon.

As a result of the litigation, MRC Golf, Inc. has obtained a judgment against Hippo Golf Company, Inc., for its wrongful and unlawful conduct. As set forth within the judgment, Hippo Golf Company, Inc., its officers, agents, employees, successors and assigns are now permanently enjoined and restrained from using, in any manner, the name or mark "Mitsubishi Rayon" either alone or in combination with any other words, in connection with its importation, distribution, advertising, promotion, offering for sale, and/or sale of any golf clubs or any other products. Hippo Golf Company, Inc. was also found liable for substantial monetary damages to MRC Golf, Inc.

MRC Golf, Inc., together with Mitsubishi Rayon Co., Ltd. will not tolerate infringement upon its name and/or brands and will continue to aggressively protect its rights.