New Product Lineup Features Shotguns, M&P45 Full Size and M&P40 Compact
      Pistols; CEO Speaks at ICON Hunting Rifle Launch by Newly Acquired
                             Thompson/Center Arms

SPRINGFIELD, Mass., Jan. 17 /PRNewswire-FirstCall/ -- Smith & Wesson Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp., the legendary 155-year old company in the global business of safety, security, protection and sport unveiled 18 product platforms featuring the company's newly launched shotgun line, the M&P45 pistol and a classic series of revolvers at the 2007 Shooting Hunting and Outdoor Trade (SHOT) Show held last week in Orlando, Florida.

Sponsored by the National Shooting Sports Foundation, the four-day SHOT Show is the largest trade show of its kind in the world. A record-setting 42,000 exhibitors and attendees from the firearms trade representing all 50 states and 75 foreign countries participated in the show, which covered 656,000 square feet of exhibit space, also a record. Among the 18 product platforms launched at the show by Smith & Wesson were:

    *  The Elite Gold side-by-side shotguns
    *  The Elite Silver over/under shotguns
    *  The 1000 Series of semi-automatic shotguns
    *  M&P45 pistols -- two full size models, one featuring a frame-mounted
       ambidextrous thumb safety
    *  M&P40 compact pistol
    *  Classics Series -- six retro revolvers featuring the Model 40 "Lemon
       Squeezer"
    *  Six unique kits including a Disaster Kit and a 629 Emergency Survival
       Kit
    *  Pro Series competition pistols and revolvers from the Performance
       Center
    *  Leather products from new licensee Wilsons Leather

This year's SHOT Show also served as a venue for the company's first industry appearance since the acquisition of Thompson/Center Arms, Inc. by Smith & Wesson earlier this month. Smith & Wesson President and CEO Michael F. Golden joined Gregg Ritz, newly appointed President of Smith & Wesson Hunting, to unveil Thompson/Center's new ICON rifle, the company's initial entry into the bolt action rifle market segment, at a press breakfast the first day of the show.

"SHOT Show 2007 has been a very exciting event for Smith & Wesson," said Golden. "While we have taken an active role in SHOT for some time, this year's show gave retailers, distributors, and the media a first hand look at a product lineup that underscores our company's strategy. We remain committed to growth and innovation in our core revolver and pistol markets, while we expand and diversify into long guns through our new shotgun series and our Thompson/Center Arms hunting products. The show also demonstrated that we continue to build upon the Smith & Wesson brand by partnering with new licensees, such as Wilsons Leather, to deliver new high quality retail products."

In addition to a variety of activities at the Smith & Wesson booth, the company hosted a special media day before the opening of the convention and a supplementary live-fire demonstration for law enforcement and military professionals on Saturday, January 13, 2007. Both events were held at the Central Florida Pistol and Rifle Club in Orlando.

Golden continued, "Law enforcement agencies represent an important, growing customer group for Smith & Wesson and we are supporting that effort with multiple new products including the new M&P45 full size and M&P40 compact pistols, and with our M&P15 tactical rifle series launched just last year. SHOT 2007 marks the first time that we have secured additional booth space in the Law Enforcement section of the show, an area dedicated solely to professional law enforcement products and services. Traffic in the booth was impressive, as was the response to our new and existing product portfolio designed especially for these professionals."

Smith & Wesson also noted that media coverage of the show was exceptional. Writers from The Army Times scanned the entire show for new .45 caliber pistols and selected the company's M&P45 as its featured product in "The Best of Day Two." The publication has posted a product review video on its site at www.armytimes.com.

Russ Thurman, Editor for Shooting Industry Magazine, said, "Smith & Wesson continues to raise the bar in the industry. At SHOT Show 2007, the company drew a lot of attention with its new products, new programs and vibrant energy. The front of the company's booth provided one of the most interesting images at the show: Smith & Wesson shotguns. Inside the booth complex were new law enforcement pistols, new dealer displays, new incentive programs, and plenty of discussion about the acquisition of Thompson/Center Arms."

Jim Shepherd, founder of the Outdoor and Shooting Wire, said, "I am pleased to see one of the oldest brands in the industry in very good hands. Smith & Wesson's ability to manufacture new and innovative products not only benefits the company, but the entire industry as well. With several new product lines being introduced at this year's SHOT Show, it is definitely a new era for Smith & Wesson. When you couple that with the modernization of their Springfield, Massachusetts facility and their acquisitions and expansions, it's an exciting time for S&W and shooting enthusiasts."

About Smith & Wesson

Smith & Wesson Holding Corp. is parent company to Smith & Wesson Corp., one of the world's largest manufacturers of quality firearms and firearm safety/security products. Smith & Wesson Holding Corp. is also the parent company to Thompson/Center Arms, Inc., a premier designer and manufacturer of hunting rifles, black powder rifles, interchangeable firearms systems and accessories. Smith & Wesson also 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, call (800) 331-0852 or log on to www.smith-wesson.com.

    Contact:  Gary Giudice
    Blue Heron Communications
    800-654-3766
    gary@blueheroncomm.com

    Liz Sharp, VP Investor Relations
    Smith & Wesson Holding Corporation
    (480) 949-9700 x115
    lsharp@smith-wesson.com

SOURCE  Smith & Wesson Holding Corporation
    -0-                             01/17/2007
    /CONTACT:  Gary Giudice of Blue Heron Communications, +1-800-654-3766,
gary@blueheroncomm.com, for Smith & Wesson Holding Corporation; or Liz Sharp,
VP Investor Relations of Smith & Wesson Holding Corporation, +1-480-949-9700,
ext. 115, lsharp@smith-wesson.com/
    /Web site:  http://www.armytimes.com /
    /Web site:  http://www.smith-wesson.com /
    (SWHC)

CO:  Smith & Wesson Holding Corporation; Smith & Wesson Corp.; Thompson/Center
     Arms, Inc.
ST:  Massachusetts, Florida
IN:  REA
SU:  TDS PDT

JS-LP
-- LAW048 --
8522 01/17/2007 08:00 EST http://www.prnewswire.com