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Golf Business Wire

Friday, August 20, 2010

Top Honors Awarded to Co-Founder of World's Largest Premium, Pre-owned Golf Ball Retailer


(TORONTO, Ontario) - Shaun Shienfield, co-founder of Knetgolf - the world's largest combined recycler and refinisher of premium, pre-owned, brand-name golf balls - has been named 2009 "Entrepreneur of the Year" by eBay Canada. .

Topping more than 300 business leaders supplying significant products on eBay, Shienfield was selected for his role launching Knetgolf into a powerhouse that is the site's largest golf-ball retailer. "Knetgolf's business on eBay will help provide more than 20 million balls to 250,000-plus customers in 2009.

"Over the past eight years, we've steadily built our eBay business by exceeding customer expectations on price, product quality and service," says Shienfield. "While it's gratifying to personally receive this honor, Knetgolf remains focused on growing sales by saving golfers money and delivering first-class shopping experiences."

The fifth annual eBay Canada "Entrepreneur of the Year" awards program recognizes Canadians who run successful online businesses. As this year's recipient, Shienfield receives $2,000 and $500 toward both a business-related course and eBay AdCommerce advertising credits.

"eBay Canada loves to recognize the success of our users, especially in challenging economic times," said Andrea Stairs, Country Manager for eBay Canada. "We're excited to reward the hard work and ambition of our winning entrepreneurs with capital, training and tools to help their business grow even more."

Recovered from more than 2,000 exclusive golf resorts mainly in Arizona, California and Nevada, Knetgolf's balls undergo a proprietary, leading-edge cleansing process to ensure top condition. The refurbished balls from Titleist, Callaway, Nike and others are then graded Mint, "A," "B" or "C" and offered at half price or better directly to the golf public via eBay and www.knetgolf.com.

Through its wholesale division, www.golfballsonly.com, Knetgolf supplies refinished and refurbished brand-name golf balls to mass-merchant retail chains, golf-specialty shops, pro shops and internet retailers in more than 30 countries. Many merchandisers realize greater margins and sell-through over new golf balls due to the aggressive price points and product quality.

Golfers lose more than one billion balls yearly and 4.5 balls per round on average, according to industry estimates.

About Knetgolf

Founded in 1995, Knetgolf is the world's largest, fully-integrated recycler and refinisher of premium, pre-owned, brand-name golf balls. It's on track to supply 20,000,000 golf balls to more than 200,000 golfers in 2009. Taking delivery of close to 100,000 golf balls daily at its two 25,000-square-foot processing plants in Arizona and Toronto, the company maintains the most efficient and sophisticated cleaning and grading processes with meticulous attention to the highest quality standards. In addition to its consumer website, www.knetgolf.com, and wholesale website www.golfballsonly.com, Knetgolf is e-Bay's largest refurbished golf ball seller in both the United States and Canada with a 99.5 percent feedback rating.

For more information about Knetgolf: www.knetgolf.com, www.golfballsonly.com, 877.563.8877.

About eBay Canada

Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com, and others. In Canada, eBay was visited by nearly 8.1-million Canadians in July 2009. (comScore Media Metrix).

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