This is the presentation given live by NGF SVP Greg Nathan during our 2012 Golf Business Symposium. These slides concisely lay out the information we believe is most illustrative of our current market situation and trends. Golf participation and golf consumer confidence are covered. The report includes data on rounds played, golf equipment sales, ranges, retail, golf facility activity such as openings, closings and much more. Slides include speaker narrative providing further insights on what the data and trends mean.