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Shooting Industry February 2013 - Page 9
Industry news S&W Holding Adds Stock Repurchase mith & Wesson Holding Corp. announced in late December that its board of directors had authorized an additional $15 million for common stock repurchases through June 30, 2013. On Dec. 6, 2012, the company announced a program to repurchase up to $20 million of the company’s outstanding shares of common stock, a goal it achieved in December. In announcing the additional $15 million program, company officials said the amount and timing of any repurchases will depend on a number of factors, including price, trading volume, general market conditions, legal requirements and other factors. The company expects to fund the repurchase program using the company’s cash on hand and working capital. For more information, visit www. smith-wesson.com. & st 1 E Y TH ONL HO L E ST R Made in Texas, USA S The newest, most innovative concealment device on the market! Taurus Acquires Diamondback Firearms Clip. 1 The Versacarry is the most comfortable and covert way to carry a compact handgun that I have found. Richard Mann Contributing Editor NRA, FMG & Harris Publications T aurus Holdings announces the finalization of an exclusive global distribution agreement with Diamondback Firearms LLC. Taurus will assume all sales and marketing efforts of Diamondback-branded products from its Miami, Fla., office. “Diamondback Firearms is a well-respected and recognized brand within the shooting industry. Along with their quality line of firearms, several other innovative projects are in the pipeline that make for a very optimistic future,” said Mark Kresser, Taurus president and CEO. “Having the opportunity to become partners with a fiscally secure company that has parallel philosophies in sound business practices, innovative design and manufacturing that complements our brand, is a winning proposition for all parties,” said Bobby Fleckinger, Diamondback Firearms owner. For more information, visit www.taurususa.com and www.diamondbackfirearms.com. 45° Click. Available at these fine distributors: 2 Bangers Ellett Brothers RSR Group Sports South LLC Williams Shooters Supply, Inc. Zanders Sporting Goods Conceal. 3 855.278.9678 www.versacarry.com Revolver Models NOW Available! www.shootingindustry.com FEBRUARY 2013 9