Australian Open Golf is scheduled to be held on Nov 10-13 in Sydney.
Speaking at the Press Conference, Pitt said, "There is no doubt whatsoever, it will be one of the best fields ever assembled for an Australian Open Championship and there are still major player announcements to be made over the coming weeks."
New South Wales Premier Barry O'Farrell, whose government has helped fund Woods' participation was ecstatic at the prospect of having the golfer for the competition. He said, "With Tiger in town the eyes of the world will again be on Australia's global events city."
And added, "We caught the Shark and now we have snared the Tiger to give him the chance to join the likes of Jack Nicklaus, Gary Player, Gene Sarazen, Greg Norman, Tom Watson, Arnold Palmer and Peter Thomson on the Open's honour roll."
Incidentally, the 2009 Australian Masters was the last title Woods won before his personal and professional track went off the track after a string of exposures about his marital infidelities. Since then his ranking has dropped from being World Number one to 28.
Woods who has been out of competition since May this year due to a leg injury will make his comeback at this week's WGC-Bridgestone Invitational in the United States. He will join Presidents Cup captains Greg Norman and Fred Couples in the field.
Among others who will feature at the WGC-Bridgestone Invitational are defending champion Geoff Ogilvy along with American top 20 players Bubba Watson and Dustin Johnson.