Phoenix LPGA Tournament Searches for New Co-Title Sponsor

Apr 12, 2001, 01:00 ET from Banner Health Foundation of Arizona

    PHOENIX, April 12 /PRNewswire/ -- The Banner Health Foundation of Arizona,
 organizer of the 19-year-old Standard Register PING Ladies Professional Golf
 Association (LPGA)tournament in Phoenix, is searching for a new co-title
 sponsor to replace Standard Register.
     The Ohio-based $1.2 billion Standard Register, a national document
 management and service company, has relinquished its co-title sponsorship, but
 will continue to support the tournament in another major role.
     "Standard Register looks forward to continuing its support of the
 tournament, Banner Health Foundation and the LPGA.  We are extremely proud of
 our involvement during the past 16 years and the assistance we have been able
 to provide the Banner Health Foundation in achieving its goals," Frank
 Coffman, corporate vice president of marketing and communications for Standard
 Register, said.
     Standard Register has been a co-title sponsor of the prestigious Phoenix
 LPGA tournament for 16 years.  Karsten Manufacturing Corporation, maker of
 PING golf equipment, has served as the tournament's title sponsor with
 Standard Register for 11 of those 16 years and will remain a co-title sponsor,
 according to John Solheim, PING chairman & CEO.
     "Standard Register is a quality company and PING is proud of our special
 relationship that helped further the interests of women's championship golf,"
 Solheim said.  "It was a period which saw the Standard Register PING
 continually grow in stature, becoming one of the most popular and strongest
 tour stops on the ladies schedule.  Indeed, we are most pleased to see that
 this outstanding company will still have a role in the tournament and look
 forward to forming another partnership with a new co-title sponsor."
     The co-title sponsorship comes at a most opportune for the Phoenix
 tournament, having just completed a highly successful week-long event in March
 that claimed local, national and international headlines with a record-setting
 performance by 2001 Champion Annika Sorenstam who scored a 59 in the second
 round.
     "The Standard Register PING has become one of the most popular stops on
 the LPGA Tour, and this year's tournament had 96 of the 100 players on our
 money list," Ty Votaw, commissioner of the LPGA, said.  "Standard Register has
 been an integral part of the tournament's growth in popularity and its ability
 to increase its purse to $1 million.  The company's continued involvement
 demonstrates its commitment to women's professional golf and the value the
 company receives from its sponsorship."
     Votaw added that the Phoenix tournament is one of the few on the LPGA Tour
 that has co-title sponsors which presents a great opportunity for a
 corporation to become associated with a highly respected event, work alongside
 one of the most successful manufacturing companies in the golf industry and
 break into a growing golf market.
     Stuart Smith, president/CEO of the Banner Health Foundation of Arizona,
 and Barbara Gordon, executive director of the tournament, are looking at both
 local and national sponsor prospects and believe the tournament's track record
 speaks for itself.
     "The tournament is a high profile event on the LPGA Tour that receives
 national and international visibility.  The tournament is also staged in
 Phoenix during the third week in March, amid ideal weather conditions," Smith
 said.  "Moreover, having a non-profit charitable entity organize the event
 with proceeds going to cancer causes and to the Banner Health System, one of
 west's largest healthcare systems, supply the next co-title sponsor with added
 incentive to build strong relationships on a number of rewarding fronts."
     The tournament is moving forward on planning the 2002 event, which will
 return to Moon Valley Country Club and will include a special 20th anniversary
 celebration.
 
 

SOURCE Banner Health Foundation of Arizona
    PHOENIX, April 12 /PRNewswire/ -- The Banner Health Foundation of Arizona,
 organizer of the 19-year-old Standard Register PING Ladies Professional Golf
 Association (LPGA)tournament in Phoenix, is searching for a new co-title
 sponsor to replace Standard Register.
     The Ohio-based $1.2 billion Standard Register, a national document
 management and service company, has relinquished its co-title sponsorship, but
 will continue to support the tournament in another major role.
     "Standard Register looks forward to continuing its support of the
 tournament, Banner Health Foundation and the LPGA.  We are extremely proud of
 our involvement during the past 16 years and the assistance we have been able
 to provide the Banner Health Foundation in achieving its goals," Frank
 Coffman, corporate vice president of marketing and communications for Standard
 Register, said.
     Standard Register has been a co-title sponsor of the prestigious Phoenix
 LPGA tournament for 16 years.  Karsten Manufacturing Corporation, maker of
 PING golf equipment, has served as the tournament's title sponsor with
 Standard Register for 11 of those 16 years and will remain a co-title sponsor,
 according to John Solheim, PING chairman & CEO.
     "Standard Register is a quality company and PING is proud of our special
 relationship that helped further the interests of women's championship golf,"
 Solheim said.  "It was a period which saw the Standard Register PING
 continually grow in stature, becoming one of the most popular and strongest
 tour stops on the ladies schedule.  Indeed, we are most pleased to see that
 this outstanding company will still have a role in the tournament and look
 forward to forming another partnership with a new co-title sponsor."
     The co-title sponsorship comes at a most opportune for the Phoenix
 tournament, having just completed a highly successful week-long event in March
 that claimed local, national and international headlines with a record-setting
 performance by 2001 Champion Annika Sorenstam who scored a 59 in the second
 round.
     "The Standard Register PING has become one of the most popular stops on
 the LPGA Tour, and this year's tournament had 96 of the 100 players on our
 money list," Ty Votaw, commissioner of the LPGA, said.  "Standard Register has
 been an integral part of the tournament's growth in popularity and its ability
 to increase its purse to $1 million.  The company's continued involvement
 demonstrates its commitment to women's professional golf and the value the
 company receives from its sponsorship."
     Votaw added that the Phoenix tournament is one of the few on the LPGA Tour
 that has co-title sponsors which presents a great opportunity for a
 corporation to become associated with a highly respected event, work alongside
 one of the most successful manufacturing companies in the golf industry and
 break into a growing golf market.
     Stuart Smith, president/CEO of the Banner Health Foundation of Arizona,
 and Barbara Gordon, executive director of the tournament, are looking at both
 local and national sponsor prospects and believe the tournament's track record
 speaks for itself.
     "The tournament is a high profile event on the LPGA Tour that receives
 national and international visibility.  The tournament is also staged in
 Phoenix during the third week in March, amid ideal weather conditions," Smith
 said.  "Moreover, having a non-profit charitable entity organize the event
 with proceeds going to cancer causes and to the Banner Health System, one of
 west's largest healthcare systems, supply the next co-title sponsor with added
 incentive to build strong relationships on a number of rewarding fronts."
     The tournament is moving forward on planning the 2002 event, which will
 return to Moon Valley Country Club and will include a special 20th anniversary
 celebration.
 
 SOURCE  Banner Health Foundation of Arizona