To: Kimberly Lee who wrote (8478 ) 6/16/1999 3:33:00 PM From: Frederick Langford Read Replies (1) | Respond to of 108040
SAFE A possible alternative to LOCK for the Gun safety vote tomorrow: WASHINGTON (May 20) BUSINESS WIRE -May 20, 1999--Saf-T-Hammer (OTC BB: SAFH) was the only product specifically mentioned by name during the Senate floor debate on May 18, 1999 when the Senate adopted an amendment requiring all handguns purchased from a manufacturer, importer, or licensed dealer to be sold with a gun safety device. The amendment passed overwhelmingly by a margin of 78-20. Senator Herb Kohl (D-WI), sponsor of the gun safety amendment, said, "I am indeed familiar with Saf-T-Hammer," and went on to say, "I commend the intent of the developers of the device to safeguard the lives of innocent children and others who might otherwise be killed or injured by handguns." Kohl said that, "It is indeed the intention of the amendment that devices such as Saf-T-Hammer, an easily removable hammer, are included within the purview of the amendment." Saf-T-Hammer, developed by the Saf-T-Hammer Corporation in Scottsdale, Arizona, is a removable firearm hammerhead that can be incorporated into new guns or retrofit on the majority of the nation's 65 million handguns currently in circulation, in less than thirty minutes and for less than $50.00, including parts and labor. Because the legislation applies not just to new handguns, but also to handguns already in circulation sold through gun dealers, Saf-T-Hammer is uniquely positioned to serve both markets. The device has received high praise from law enforcement officials, and company officials also plan to market the device to law enforcement agencies. Saf-T-Hammer is scheduled to be on store shelves by the end of the year. When the upper part of Saf-T-Hammer is removed, there is no metal to strike the firing pin, preventing the gun from discharging. Saf-T-Hammer can be removed or replaced in seconds - even in the dark. Saf-T-Hammer can be used on loaded or unloaded guns, and there are no sequences, codes, keys or combinations to remember. Parents can take off the hammerhead and carry it with them when they leave home, secure in the knowledge that children or other unauthorized users will not be able to fire the gun. Bill Watts, President of Pennsylvania Police Supply, who will be Saf-T-Hammer's first distributor, says, "I know the law enforcement departments and others that I sell to will find this product much more attractive than other devices on the market." Watts adds, "While I distribute other safety devices, including trigger locks and cable locks, Saf-T-Hammer impressed me because unlike a trigger lock, it can't be knocked off, and unlike a cable lock, it can't be cut off." Pennsylvania Police Supply is one of the largest distributors of police equipment and shooting supplies in the East. Saf-T-Hammer (OTC BB: SAFH) is a public corporation listed on the OTC bulletin board. Statements about the company's future expectations, including future revenues and earning, and all other statements in this release, other than historical facts, are "forward looking statements" within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Act of 1934, and that term is defined in the Private Securities Reform Act of 1995. The Company intends that such "forward looking statements" be subject to the safe harbors created thereby. LM/na* CONTACT: The Hoffman Group Jed Perry, 202/728-0800 Fax: 202/728-0802 E-mail: perry@hoffmangroup.com web site: hoffmangroup.com KEYWORD: ARIZONA INDUSTRY KEYWORD: GOVERNMENT AEROSPACE/DEFENSE Today's News On The