SPRINGFIELD, Mass., May 7 /PRNewswire-FirstCall/ -- Smith & Wesson Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp., the legendary 157-year old company in the global business of safety, security, protection and sport, today announced that it has priced a public offering of 5,500,000 shares of its common stock at $6.25 per share. The approximately $32 million of net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, will be used for corporate purposes, which may include the purchase of additional equipment to expand manufacturing capacity to satisfy product demand, the purchase of outstanding debt, and strategic relationships and acquisitions. The offering is expected to close on May 12, 2009, subject to the satisfaction of customary closing conditions.

The underwriters for the offering are Deutsche Bank Securities Inc., Cowen and Company, LLC and Merriman Curhan Ford.

The underwriters have been granted a 30-day option to purchase up to an additional 500,000 shares to cover over-allotments, if any.

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 October 1, 2008. 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 Company, 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 www.smith-wesson.com. For more information on Thompson/Center Arms, log on to www.tcarms.com

    Contact:
    Elizabeth Sharp, VP Investor Relations
    Smith & Wesson Holding Corp.
    (413) 747-3304
    lsharp@smith-wesson.com

SOURCE  Smith & Wesson Holding Corporation

    -0-                           05/07/2009
    /CONTACT:  Elizabeth Sharp, VP Investor Relations, Smith & Wesson Holding
Corp., +1-413-747-3304, lsharp@smith-wesson.com/
    /Web Site:  http://www.smith-wesson.com /
    (SWHC)

CO:  Smith & Wesson Holding Corporation

ST:  Massachusetts
IN:  REA SPE
SU:  OFR

PR
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