Cleveland Capital Management Supports Change in Adams Golf Board of Directors

Cleveland Capital Management, LLC owns a minority stake in Adams Golf, Inc.

. On November 17, 2011, an amended Schedule 13D was filed by SJ Strategic Investments, LLC, John M. Gregory, James M. Gregory, Roland E. Casati and others. The Schedule 13D filed by the Gregory Group indicates that the Gregory Group intends to nominate certain individuals for election to the Company board of directors at the 2012 annual meeting. Further, the Gregory Group may submit the other proposals regarding the structure of the Company board according to the 13D.