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Click here to download the catalog as a PDF file. To view this site you need Adobe Flash Player and your browser must allow javaScripts. Go here to get the latest Flash Player. Become A Green Range — page 18 Industry Wins Significant Legislative Victory R epresentatives from NSSF spent much of February in state houses across the country combating a flawed technology known as bullet serialization — the process by which individual rounds of ammunition are laser-engraved with a serial number. Ammunition manufacturers have made clear that any attempt to place a serial number on each of the more than 10 billion rounds of ammunition manufactured every year in the United States would lead to bankruptcy. NSSF, by cultivating a strong grassroots force of sportsmen and gun-owners, along with solid support and testimony from the nation’s leading ammunition manufacturers, has succeeded in countering legislation that supports the technology, most recently in Maryland. “This is a significant legislative victory for our industry,” said Lawrence G. Keane, NSSF senior V.P. and general counsel, referring to the Maryland’s Judiciary Com- mittee’s decision to vote down the state’s bullet serialization bill (HB 517). In defeating the bill, the committee rejected the testimony of Russell Ford, who holds the patent on the technology. Maryland Delegate Michael D. Smigiel Sr. (R) “I hope that you never make a dime, sir.” chastised Ford, saying, “I hope that you never make a dime, sir.” Maryland Delegate Christopher B. Shank (R) reminded committee members that the state “already has a ballistic ‘fingerprint’ system that doesn’t help solve crimes.” “Maryland joins several other states, most recently Hawaii, in recognizing that bullet serialization is not practical and simply bad public policy,” Keane said. In written testimony, NSSF presented the root of its opposition to the ammunition-banning legislation: “If manufacturers had to comply with bullet serialization, NSSF estimates that it would take over three weeks to manufacture what is currently produced in a single day. This massive reduction in ammunition would translate into substantially lower sales and profitability, and ultimately force major ammunition manufacturers to abandon the market. In turn, there would be a severe shortage of serialized ammunition and all consumers, including federal, state and local law enforcement agencies, would be faced with substantial price increases. Ammunition will go from costing pennies to several dollars per cartridge.” For more information on Bullet Serialization, visit www.nssf.org and click on the “Media Resources” link on the home page. Olin Announces Fourth Quarter Earnings I n late January, Olin Corp. announced its fourth quarter 2007 income from continuing operations was $29.6 million or $0.40 per diluted share. That compares to $15.6 million or $0.22 per diluted share in the fourth quarter of 2006. Sales from continuing operations in the fourth quarter of 2007 were $404.8 million, compared to $247.1 million in the fourth quarter of 2006. “I am pleased that both our Chlor Alkali and Winchester businesses finished 2007 on a strong note. Winchester earned $2.7 million in the quarter and completed its best year since 1994. During the quarter, Winchester benefited from higher selling prices and stronger-than-expected demand, which more than offset higher commodity and manufacturing costs,” said Joseph D. Rupp, Olin chairman, president and CEO. Winchester fourth quarter 2007 sales were $102.7 million, compared to $93.3 million in the fourth quarter of 2006. According to Olin, commercial and law enforcement sales increased during the quarter compared to the fourth quarter of 2006. Fourth quarter 2007 military sales were approximately equal to the fourth quarter of 2006. Winchester’s fourth quarter 2007 profit was $2.7 million compared to $2.6 million in the fourth quarter of 2006. Higher selling prices offset the impact of higher commodity and manufacturing costs and a less favorable product mix. For more information, visit www.olin.com and www.winchester.com. T Remington Arms Wins $1.7 Million Army Contract ulars are adaptable to the “asymmetrical nature of the modern battlefield.” Soldiers in the field can assemble the MCS with “unprecedented speed and without tools, as the tactical situation may demand.” The system can be used as an accessory weapon, a ballistic-breaching tool, a closequarters battle weapon or a high-capacity conventional shotgun. For more information on Remington’s military and L.E. firearms and ammunition, visit www.remingtonmilitary.com or www.remingtonle.com. he U.S. Army Tank-Automotive & Armaments Command (TACOM) in Rock Island, Ill., has awarded Remington Arms Co. a $1.7 million contract for more than 1,400 Model 870 Modular Combat Shotgun (MCS) systems. According to Remington, the 870 Mod- Let us know. Sign onto www.shootingindustry.com and click on the “Dealers’ Picks” link on the home page. 8 APRIL 2008 www.shootingindustry.com What do you think are the best products for 2008? |