He's expected to apologize as he addresses the past and what he plans to do next, which could include a time frame of his return to golf.
Wood's agent says it is not a press conference, but a gathering that will include a small group of friends, colleagues and close associates. He is expected to read a 5 to 7 minute statement at 11 a.m. at the TPC Sawgrass Clubhouse. His agent also said Woods will not take any questions.
Only a handful of selected media members will be allowed in and only one camera will be in the room to provide live coverage via satellite.
Some think the timing of his address is odd. It'll be held during the third round of the Accenture Match Play Championship, sure to steal attention away from the first big golf event of the year. Accenture was the first sponsor to drop Woods when he became embroiled in the sex scandal.
In the days before Woods' accident, a National Enquirer story alleged the world's No. 1 golfer had been seeing a New York nightclub hostess. Following the crash, a stream of women came forward to claim they had romantic relationships with Woods.
Woods admitted to "infidelity" in a statement on his Web site in mid-December and has been on an indefinite break from golf ever since.
"I am deeply aware of the disappointment and hurt that my infidelity has caused to so many people, most of all my wife and children," Woods said at the time. "I want to say again to everyone that I am profoundly sorry and that I ask forgiveness. It may not be possible to repair the damage I've done, but I want to do my best to try."
The Associated Press contributed to this story.