"This is all about the next step," Mark Steinberg, his agent, told The Associated Press. "He's looking forward to it."
Steinberg said he would speak to a "small group of friends, colleagues and close associates" about his past and what he plans next, along with apologizing for his behavior.
He said three wire services would be in invited, and he was asking the Golf Writers Association of America to pick a small group of reporters to serve as a pool. Steinberg said there would be one pool camera, but it would be available live via satellite.
The news conference will be held during the Accenture Match Play Championship in Arizona, which is sure to steal attention away from the first big event of the year. Accenture was the first sponsor to drop Woods when he became embroiled in a sex scandal.
"It was a matter of timing," Steinberg said.
When asked if the news conference could have waited until after Accenture's tournament, he replied, "No."