Square Two Golf, a Fairfield-based manufacturer of women”s golf equipment, today announced that its shareholders have approved the merger of Ladies Golf Equipment Company (dba Lady Fairway) with and into a wholly owned subsidiary of Square Two. Square Two expects the merger to be effective at the close of business on December 29. As previously reported Lady Fairway shareholders will receive as consideration a total of 1 million shares of Square Two common stock and a promissory note in the principal amount of $1 million.

“The closing of this acquisition completes a very active year for Square Two,” said Douglas A. Buffington, president of Square Two. “This is the final piece of our strategic plan to acquire companies that strengthen our position in the women”s market. With the recent additions of NancyLopezGolf and Lady Fairway, we now offer three quality brands to the market.

“Over the next 12 months, we will be working hard to effectively integrate the Lady Fairway brand into our operation. This will include new sales and marketing programs, cost efficiencies and a physical relocation to the New Jersey headquarters later in 2001. We are extremely happy to have Mr. James Jones remain as president of the Lady Fairway brand and as a member of Square Two”s board of directors.”