Saf-T-Hammer Changes Name to Smith & Wesson Holding Corporation
Saf-T-Hammer Changes Name to Smith & Wesson Holding Corporation
SCOTTSDALE, Ariz., Feb 15, 2002 /PRNewswire-FirstCall via COMTEX/ --
Saf-T-Hammer Corporation (OTC Bulletin Board: SAFH), today announced that its
shareholders have approved a corporate name change to Smith & Wesson Holding
Corporation. Shares of the company will continue trading under its current
ticker symbol (OTC Bulletin Board: SAFH), until a new symbol is issued.
At the company's special meeting of stockholders held Thursday, February 14,
2002, in Scottsdale, Arizona, shareholders also approved the company's Stock
Option Plan and the company's Employee Stock Purchase Plan.
"In order to provide maximum brand equity benefit for our shareholders,
management recommended the name change to our shareholders and we are pleased
that they overwhelmingly approved the change," said Mitchell Saltz, president
and CEO of Saf-T-Hammer speaking at the meeting. "The Smith & Wesson name is
legendary and one of the most recognizable brand names in the world. It truly is
a centerpiece of Americana. The new name will properly reflect the history of
the company and better communicate its position as a global leader in the
manufacturing and marketing of handguns, law enforcement products and safety and
security products. Additionally the company provides metal-processing services
to many other manufacturing companies."
The company will keep the familiar Smith & Wesson corporate logos and will
maintain its Web sites at: smith-wesson.com / and
saf-t-hammer.com /
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 handguns with
confidence for 150 years. The Special Services division manufactures custom
machine parts and services for many industrial clients. Smith & Wesson Corp.
also manufactures handcuffs, and markets Smith & Wesson branded bicycles,
apparel and other products. |
