Smith & Wesson Announces Public Offering of 6,250,000 Shares

SPRINGFIELD, Mass., May 20 /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, today announced that it has priced a public offering of
6,250,000 shares of its common stock. The approximately $31.9 million of net
proceeds from the offering will be used to repay bank debt and for general
corporate purposes. The offering is expected to close on May 23, 2008,
subject to the satisfaction of customary closing conditions.
The underwriters for the offering are Deutsche Bank Securities Inc. and
Cowen and Company, LLC.
A shelf registration on Form S-3 relating to these securities was
previously filed with the Securities and Exchange Commission and was declared
effective on September 15, 2006. A copy of the prospectus supplement and base
prospectus relating to the offering may be obtained, when available, from
Deutsche Bank Securities Inc., 100 Plaza One, Floor 2, Jersey City, New Jersey
07311-3901, or by telephone toll free at 1-800-503-4611, or by email at
prospectusrequest@list.db.com.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of the securities,
in any jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.
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
Forward-Looking Statements
Statements in this press release that are not historical facts are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements about our beliefs, plans,
goals, expectations and intentions. Forward-looking statements involve risk
and uncertainty, and there can be no assurance that the results described in
such statements will be realized. Such statements are based on our current
expectations and we undertake no obligation to publicly update or reissue any
forward-looking statements. Risk factors that may cause the actual results to
differ are described in this press release and in various documents we have
filed with the U.S. Securities and Exchange Commission, including our Annual
Report on Form 10-K.
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