Smith & Wesson Holding Corporation Announces Trading Symbol Change to
SMWS
Smith & Wesson Holding Corporation Announces Trading Symbol Change to
SMWS
SCOTTSDALE, Ariz., Mar 13, 2002 /PRNewswire-FirstCall via COMTEX/ -- Smith &
Wesson Holding Corporation (formerly Saf-T-Hammer Corp.) (OTC Bulletin Board:
SAFH), today announced that in conjunction with its recent corporate name
change, its trading symbol will change from SAFH to SMWS effective March 13,
2002. The company has received all necessary regulatory approvals and will
continue to trade on the Over The Counter Bulletin Board.
Pursuant to a resolution approved at a special meeting of shareholders on
February 14, 2002, the corporate name was changed from Saf-T-Hammer Corporation
to Smith & Wesson Holding Corporation. The legendary firearms manufacturer,
Smith & Wesson Corp., was acquired from UK-based Tomkins PLC last year and is
now a wholly owned subsidiary of Smith & Wesson Holding Corporation.
"This name change should provide the public with a greater awareness of its
ability to buy shares of Smith & Wesson, celebrating its 150th year in
business," said Mitchell Saltz, chairman of Smith & Wesson Holding Corporation.
"The new corporate name and trading symbol signals the independence of Smith &
Wesson and its return to American ownership.
"The Smith & Wesson name, an American icon, is a globally recognized brand
representing 150 years of innovation and quality manufacturing. The name change
and trading symbol change will further define our corporate image for investors
and the financial community."
There is no mandatory call for certificates and current shareholders are not
required to take any action to exchange certificates. The certificate exchange
rate will be on a one-for-one basis and the transfer agent will issue new
certificates to facilitate attrition of the old certificates. For more
information, shareholders should contact their stockbroker or financial advisor
or the company's transfer agent, Interwest Stock Transfer (801-272-9294).
About Smith & Wesson Holding Corporation
Smith & Wesson Holding Corporation is the parent company of Smith & Wesson
Corp., one of the world's leading producers of quality handguns, law enforcement
products and firearm safety and security products. Law enforcement personnel,
military personnel, target shooters, hunters, collectors and firearms
enthusiasts throughout the world have used the company's products with
confidence for 150 years. Backed by a highly experienced engineering staff, the
Specialty Services division offers high quality custom manufacturing
capabilities to many industrial clients. Smith & Wesson Corp. also manufactures
handcuffs, and markets Smith & Wesson branded bicycles, apparel and other
products.
For more information, please visit the company's Web sites at:
smith-wesson.com and saf-t-hammer.com .
For further information, please contact: Media & Investor Relations, Shannon T.
Squyres, President of Market Pathways, +1-949-955-1860, for Smith & Wesson
Holding Corporation |
