Tiger Woods' Lawsuit Against Christensen Shipyards Ltd. Settled

    WASHINGTON, May 8 /PRNewswire/ -- The following statement was issued by
 Venable LLP today.
     Tiger Woods' rights-of-publicity lawsuit against Christensen Shipyards
 Ltd. has settled on undisclosed terms.
     Woods filed his suit against Vancouver, WA-based Christensen Shipyards
 in October 2004 in federal court in the Southern District of Florida.
     Joe Foggia, President of Christensen, stated: "We made a mistake and
 truly regret the company's conduct."
     Contact: Allan Ripp/John Garger 212-262-7477 arippnyc@aol.com
               Sarah Gudsnuk             202-344-8523    sgudsnuk@venable.com


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