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Record by Ping Chairman and CEO Steve Solheim Feb 1, 2010 In reaction to the miscommunication and conversation associated with 2010 Groove Regulation and the utilization of PING EYE2 irons produced just before April 1, 1990, PING Chairman & CEO John Solheim released the following statement today: "Over the final many weeks we've viewed with great attention the effect of the PING EYE2 and its function within the USGA's 2010 Groove Regulation. We've seen and read numerous incorrect reports from different sources, including a few PGA Tour Professionals, concerning the new dance regulation, particularly included in the regulation that "U" or "Square" lines are "banned". Whilst the USGA states on its website: "A popular misunderstanding is that "U" shaped grooves will no further be permitted and that "V" shaped grooves will be expected under the brand new requirements. This is simply not the case." This misunderstanding has led to PING EYE2 irons "illegal" o-r being indicated as "non-conforming" and has produced a split among a lot of the people on the PGA Tour. We're grateful the PGA Tour helped date=june 2011 this problem in a record last weekend: "Under the Rules of Golf and the 2010 Condition of Competition for Groove Specifications promulgated by the USGA, pre-1990 Ping Eye 2 irons are allowed for play and any person who employs them in PGA TOUR approved activities happening in areas of the USGA isn't in breach of the Rules of Golf; and Public remarks or criticisms as promulgated from the USGA characterizing their use as a breach of the Rules of Golf are unacceptable at best", since the use of pre-1990 Ping Eye 2 irons is allowed for play. Normally, this whole event takes us straight back a lot more than two decades when our organization took a against both the PGA Tour and USGA over their efforts to bar PING EYE2 irons due to the lines. In a attempt to defend the interests of the countless PING EYE2 entrepreneurs who'd bought their groups in good faith and for that good of the overall game, we negotiated a contract with the USGA which "grandfathered" all PING EYE2 irons produced just before April 1, 1990. In 1993, the PGA Tour decided they "will perhaps not in the foreseeable future adopt or make an effort to adopt if such PGA Tour rule differed from the USGA rule" any split up PGA Tour rule which may stop the usage of U-grooves on any club. Once the USGA suggested the New Groove Rule significantly more than 2 yrs before, we reminded them of the contract in accordance with the PING EYE2 irons. During the time, I was emphatically against any new dance principle for a number of factors and recommended both USGA and PGA Tour in a dated July 31, 2007 today that what's happening about the PGA Tour was greatly possible. The current record from the PGA Tour and a few PGA Tour players that they might produce a "local rule" expected us to advise the PGA Tour of the terms-of the contract which forbids them from straying from a principle that "differed from a USGA rule." While I fully anticipate the PGA Tour to recognize this contract, I'm prepared to examine a practical alternative to this issue that will gain the sport and regard the function development has played within the long history of golf."