Smith & Wesson Holding Corporation Suspends Providing Financial Guidance

SPRINGFIELD, Mass., Jan. 22 /PRNewswire-FirstCall/ -- Smith & Wesson
Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp.,
the legendary 156-year old company in the global business of safety, security,
protection and sport, announced today that it has suspended providing
financial guidance for the balance of fiscal 2008, which ends April 30, 2008.
Michael F. Golden, President and CEO of Smith & Wesson Holding
Corporation, said, "We, like many other companies doing business today, find
ourselves now in an uncertain business environment. We remain firmly
convinced that our established strategy to grow our core firearms business and
to continue to look for opportunities to diversify the company into new areas
of safety, security, protection and sport is the correct strategy. What has
changed, and it has changed profoundly, is the fact that the current business
and economic environments are extremely unsettled. As a result, we do not
confirm the financial guidance we gave on December 6, 2007, nor are we giving
any financial guidance at this time. We intend to remain focused on our long
term strategy and we hope to be able to resume providing financial guidance
when trends in our environments become clearer."
About Smith & Wesson
Smith & Wesson Holding Corporation, a global leader in safety, security,
protection and sport, is parent company to Smith & Wesson Corp., one of the
world's largest manufacturers of quality firearms and firearm safety/security
products and parent company to Thompson/Center Arms, Inc., a premier designer
and manufacturer of premium hunting rifles, black powder rifles,
interchangeable firearms systems and accessories under the Thompson/Center
brand. Smith & Wesson licenses shooter protection, knives, apparel, and other
accessory lines. Smith & Wesson is based in Springfield, Massachusetts with
manufacturing facilities in Springfield, Houlton, Maine, and Rochester, New
Hampshire. The Smith & Wesson Academy is America's longest running firearms
training facility for law enforcement, military and security professionals.
For more information on Smith & Wesson, call (800) 331-0852 or log on to
http://www.smith-wesson.com. For more information on Thompson/Center Arms, log
on to http://www.tcarms.com.
Liz Sharp, VP Investor Relations
Smith & Wesson Holding Corp.
(480) 949-9700 x. 115
lsharp@smith-wesson.com

SOURCE Smith & Wesson Holding Corporation

Liz Sharp, VP Investor Relations of Smith & Wesson Holding Corp.,
+1-480-949-9700, ext. 115, lsharp@smith-wesson.com