Charles Schwab Cup Championship

CHARLES SCHWAB CUP CHAMPIONSHIP CHIPS IN SUPPORT FOR V FOUNDATION WINE CELEBRATION

PONTE VEDRA BEACH, Fla. -- The Champions Tour's Charles Schwab Cup Championship is lending its support to the Sixth Annual V Foundation Wine Celebration to be held Aug. 6-7 in Napa, Calif.

The Charles Schwab Cup Championship returns for the second straight year to the Sonoma Golf Club on Oct. 19-24. As part of its contribution to the V Foundation Wine Celebration, the Charles Schwab Cup Championship will donate a number of auction items, including a pro-am spot in the 2004 Championship. Additional items up for bid include an Honorary Observer position at the event, a golf bag autographed by Champions Tour players and wedges from Dave Pelz.

"Giving back to the communities in which the tournaments are hosted has been a part of the fabric of the PGA TOUR and Champions Tour since their inception. We are proud to support the V Foundation Wine Celebration and its commitment to research and finding a cure for cancer," said Donna Orender, Senior Vice President of Strategic Development at the PGA TOUR. The V Foundation Wine Celebration has been named as a beneficiary of the Charles Schwab Cup Championship.

"We are proud of the fact that in 2003 we were able to donate nearly $300,000 to the Boys & Girls Clubs of Sonoma County, The V Foundation Wine Celebration, The First Tee and other local charities as a result of the Charles Schwab Cup Championship and the Champions Dinner," said Chad Chatlos, Executive Director, Charles Schwab Cup Championship. We look forward to increasing this number over the coming years and continuing to help build our communities."

The Charles Schwab Cup Championship is the season-ending event on the Champions Tour's 30-event schedule. Only the top-30 money winners of 2004 through the preceding week's tournament qualify. Competition is fierce throughout the year to secure one of the coveted playing spots, particularly in September and October as the Championship approaches. A top-30 position will ensure fully exempt status for the 2005 Champions Tour season.

"The PGA TOUR and Champions Tour continue to astound us with their generous support," said Wine Celebration co-founder Julie Constantin. "Their continued commitment to the V Foundation for Cancer Research fortifies our battle to win the war against cancer."

The V Foundation Wine Celebration, sponsored by ESPN and GlaxoSmithKline, is a weekend-long event held in Napa. It includes a Friday evening champagne reception at the Villagio Inn and Spa followed by private vintner dinners and wine pairings at Clos Pegase, Far Niente, Quintessa and Trefethen Vineyards.

Saturday's activities include a golf clinic and golf tournament at the Eagle Vines Golf Club in Napa, private estate tours and tasting at Darioush, Villa Amorosa, Kuleto Estate and Stag's Leap Wine Cellars, and a cancer public forum by the V Foundation Scientific Review Committee doctors to discuss the latest findings in cancer research. An auction preview luncheon at Rudd Winery and Vineyards is also offered. The weekend culminates Saturday evening with dinner, entertainment and a silent and live auction at the Niebaum-Coppola Estate Winery. Duke University Basketball Coach Mike Krzyzewski and his wife, Mickie, will host the Wine Celebration for their fourth year in a row.

Proceeds from the weekend event go to the latest, most promising cancer research throughout the nation, as well as locally at Queen of the Valley in Napa, UCSF and Stanford hospitals. The V Foundation Wine Celebration is proud to announce that this year's Fund-A-Need will benefit the V Foundation Gil Nickel Fund, in honor of Far Niente founder, Gil Nickel. This fund has been established to support cancer research in the area of malignant melanoma.

About The V Foundation and the Wine Celebration:
In 1993, just seven weeks before his death from cancer, basketball coach and sportscaster Jim Valvano was presented with the Arthur Ashe Award for Courage at ESPN's First American Sports Awards (ESPYs). In his acceptance speech he announced the formation of The V Foundation for Cancer Research. Since its inception, The V Foundation has raised more than $30 million for cancer research and awareness programs.

The V Foundation Wine Celebration is a weekend fundraising event, held annually in the Napa Valley. Each year guests enjoy gourmet winemaker dinners, a golf tournament and silent and live auctions. Proceeds from the event fund local and national cancer research. Cash donations made in honor of a loved one can be made at any time during the year and are 100% tax deductible.

Please visit The V Foundation Wine Celebration's Web site at www.winecelebration.com or call (707) 945-0505 for more information about joining us in the magical Napa Valley for the much-anticipated Sixth Annual V Foundation Wine Celebration, which will be held Aug. 6-7,2005.