Quarterly Firearm and Ammunition Excise Taxes Up 43%

NEWTOWN, Conn., July 31 /PRNewswire-USNewswire/ -- During a time period of
great economic uncertainty, firearm and ammunition sales have continued to
increase throughout the country.

According to the most recent Firearms and Ammunition Excise Tax Collection
Report, released earlier today by the Department of the Treasury, firearm and
ammunition manufacturers paid more than $109.8 million in the first calendar
quarter of 2009; up 43% over the same time period reported in 2008.

This dramatic increase follows a 31.3 percent increase in excise taxes from
the previous quarter (4Q, 2008) and eight straight months of increased FBI
background checks - another strong indicator of firearm sales.

A third reliable source, the National Sporting Goods Association (NSGA),
reported that in 2008, "Hunting and Firearms" equipment was the only category
to grow double digits and only one of seven categories that exhibited growth.
NSGA's forecast for 2009 shows "Hunting and Firearms" as one of only two
categories to exhibit growth.

Manufacturers of firearms and ammunition pay a federal excise tax -- a major
source of wildlife conservation funding -- on all firearms and ammunition
manufactured (11% on long guns and ammunition and 10% on handguns).

This latest excise tax report, which covers the time period of January 1, 2009
through March 31, 2009, shows that $33.0 million was collected in taxes for
pistols and revolvers, $38.9 million for long guns and $37.8 million for
ammunition. Compared to the same quarter in 2008, collections were up 65.5%
for handguns, 42.9% for ammunition and 28.3% for long guns.

Translation to sales:
Using the latest collections as an indicator of sales, a projection of $1.03
billion was generated in the first quarter (calendar year) of 2009. Please
keep in mind that although excise taxes are one of the best indicators of
industry performance, they only report what the manufacturers paid in taxes
and do NOT reflect retail mark-up and final retail sales.

Pistols and revolvers: $33,043,554.83 / .10 = $330,435,548.30 = $330.4 million
for handguns
Long guns: $38,979,972.16 / .11 = $354,363,383.27 = $354.3 million for long
guns
Ammunition: $37,846,038.52 / .11 = $344,054,895.64 = $344.0 million for
ammunition
Total estimation for the quarter: $1.028 billion

SOURCE National Shooting Sports Foundation

NSSF Public Affairs, +1-203-426-1320