4 million for the first
six months of fiscal 2006. The
long-gun market presents a tremendous opportunity to leverage the historic
Smith + Wesson brand name and to further develop our reputation as a company
in the business of safety , security, protection and sport. The conference call will be Web
cast and is scheduled to begin at 5:00pm Eastern Time (2:00pm Pacific).001 par value,
20,000,000 shares authorized, 0 shares
on October 31, 2005 and
April 30, 2005 issued and outstanding -- --
Common stock, $.001 par value,
100,000,000 shares authorized,
39,206,647 shares on October 31, 2005 and
31,974,017 shares on April 30, 2005
issued and outstanding 39,207 31,974
Additional paid-in capital 29,740,245 27,744,819
Deferred compensation (118,338) --
Retained earnings (deficit) 2,694,024 (685,616)
Total stockholders' equity 32,355,138 27,091,177
$86,117,498 $81,992,346

SMITH + WESSON HOLDING CORPORATION and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
For the Six Months Ended:

Restated
October 31, 2005 October 31, 2004
Cash flows from operating
activities:
Net income $3,379,640 $3,573,409
Adjustments to reconcile net income
to cash used for operating
activities:
Amortization and depreciation 2,052,951 1,095,054
Gain on disposal of IdentiKit (450,515)
Gain on disposal of assets (10,780) (7,405)
Write-off of patents -- 39,741
Deferred taxes 1,887,901 2,112,714
Provision for losses on accounts
receivable 9,800 6,500
Provision for excess and obsolete
inventory 330,507 385,713
Stock option expense 854 ,511 210,303
Market valuation adjustment stock
warrants 118,800 --
Warrants issued as part of sale of
common stock (1,188,000) --
Changes in operating assets and
liabilities
(Increase) decrease in assets:
Accounts receivable (1,113,703) 5,315,417
Inventories (3,851,654) (1,879,842)
Other current assets (1,219,478) (2,887,847)
Income tax receivable 3,701 (318)
Note receivable 22,247 20,955
Other assets 420,183 1,330,090
Increase (decrease) in liabilities:
Accounts payable (1,428,707) (1,028,872)
Accrued payroll 497,409 (904,818)
Accrued profit sharing (1,632,325) (725,696)
Accrued taxes other than income 30,288 (6,390)
Accrued other expenses (73,434) (158,670)
Accrued income taxes 32,388 --
Accrued workers compensation (115,773) 75,000
Accrued product liability 25,620 (314,352)
Other non-current liabilities (3,577,490) (3,513,321)
Derivative valuation 1,306,800 --
Deferred revenue (10,810) (256,887)
Net cash (used for) provided by
operating activities (3,249,408) 2,029,963

Cash flows from investing
activities:
Proceeds from sale of marketable
securities -- 1,518,493
Reductions in collateralized cash
deposits -- 323,531
Payments to acquire patents (2,489) (17,306)
Proceeds from sale of IdentiKit 300,000
Proceeds from sale of property and
equipment 35,901 7,465
Payments to acquire property and
equipment (6,010,360) (3,903 ,186)
Net cash (used for) provided by
investing activities (5,976,948) (1,771,003)

Cash flows from financing
activities:
Payment on notes payable, Tomkins -- (1,417,782)
Proceeds from loans and notes
payable 4,500,000 --
Proceeds from exercise of options
to acquire common stock 461,481 476,184
Proceeds from sale of common stock 24,612,888 123,307
Repurchase of warrants (23,950,701) --
Compensation expense -- Non-employee
stock option (118,338) --
Proceeds from exercise of warrants
to acquire common stock 916,432 - -
Payments on loans and notes
payable, unrelated parties (779,187 ) (559,914)
Net cash provided by (used for)
financing activities 5,642,575 (1,378,205)

Net decrease in cash and cash
equivalents (3,583,781) (1,119,245)
Cash and cash equivalents, beginning
of year 4,081,475 5,510,663
Cash and cash equivalents, end of
period $497,694 $4,391,418

SMITH + WESSON HOLDING CORPORATION and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
AND OTHER COMPREHENSIVE INCOME
(UNAUDITED)

Three Months Ended Six Months Ended
Restated Restated
October 31, October 31, October 31, October 31,
2005 2004 2005 2004

Net product and
services sales $35,536,967 $29,078,039 $67,386,690 $56,846,914
License revenue 482,213 526,018 1,282,190 922,768
Cost of products and
services sold 25 ,469,628 17,210,562 48,444,544 35,982,629
Cost of license
revenue 4,750 4,663 80,645 33,821
Gross profit 10,544,802 12,388 ,832 20,143,691 21,753,232

Operating expenses:
Research and
development , net 102,026 38,184 141,866 75,323
Selling and
marketing 3,770,483 3,160,186 7,720,760 6,021,436
General and
administrative 5,434,206 4,901,362 9,314,047 8,579,016
Environmental
expense -- -- (3,087,810) --
Total operating
expenses 9,306,715 8,099,732 14,088,863 14,675,775

Income from operations 1,238 ,087 4,289,100 6,054,828 7,077,457

Other income(expense):
Other income
(expense) 178,786 (107,687) 221,677 207,306
Interest income 39,651 101,049 58,155 183,299
Interest expense (362,282) (819,261) (911,619) (1,654,638)
(143,845) (825,899) (631 ,787) (1,264,033)

Income before income
taxes 1,094,242 3,463 ,201 5,423,041 5,813,424
Income tax expense 401,865 1,356,791 2,043,401 2,240,015
Net income $692,377 $2,106,410 $3,379,640 $3,573,409
Other comprehensive
income: -- -- -- --
Comprehensive income $692,377 $2,106,410 $3,379,640 $3,573,409

Weighted average
number of common
equivalent shares
outstanding, basic 35,858,826 31,279 ,739 33,988,252 31,144,761

Net income per share,
basic $0.
(480) 367-5015
lsharp@smith-wesson.

jackpot medallions

Operating expenses of $9. government for
Afghanistan soldiers. We are very excited at the
prospect of returning Smith + Wesson to the long gun market after a 21 year
absence. For more information, call (800) 331-0852 or log on to
http://www.
(480) 949-9700 x. (Amex: SWB), parent company of Smith + Wesson Corp., with
manufacturing facilities in Springfield and Houlton, Maine.

ffl lapidary

01 per diluted share. This change, coupled with others , will begin to contribute to
improved gross margins beginning in the third quarter of fiscal 2006 .
Though we have increased our sales growth expectations, rising utility costs
will offset the benefit of this increased sales volume. No other audio replay will
be available.

You can help, with your suggestions and site submissions.

justify ffl

Smith + Wesson Holding Corporation Reports Second Quarter Fiscal 2006 Financial Results

1 million
for the comparable quarter of 2004. The results for the quarter
ended October 31, 2005 included $579,011 in stock option expense relative to
our recent election under FAS 123(R), compared with $119,582 for the quarter
ended October 31, 2004.3%, for the quarter ended
October 31, 2005 was lower than gross profit of $12. The Company will maintain an audio replay of this conference call on
its website for a period of time after the call.

Safe Harbor Statement
Certain statements contained in this press release may be deemed to be
forward-looking statements under federal securities laws, and the Company
intends that such forward-looking statements be subject to the safe-harbor
created thereby.

About Smith + Wesson
Smith + Wesson Holding Corp.smith-wesson. The Company will
not receive any proceeds from the sale of shares by the selling stockholders. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these 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. is a leading provider of value-added services to
the high -value collectibles markets. This information is accessible to
collectors and dealers at the Company 's web site, http://www.

This category is for those on-line auctions that are unique - or at least, too few to justify their own category (so far).

rifles motorized

In addition, results for the quarter ended
October 31 , 2004 included $4.06 per diluted share.20 per diluted share.
We have decided to enter a segment of the long-gun market and plan to
introduce our first new products in that category at SHOT Show, our industry's
major event, at the Las Vegas Convention Center in February 2006.smith-wesson. 115
lsharp@smith-wesson.
Established in 1992, the Academy of Excellence is sponsored by FMG
Publications , publisher of Shooting Industry, GUNS and American Handgunner
magazines. The voting group consists of 471 industry executives, gun dealers
and outdoor writers. The
company indicated that its objective in designing the 460XVR was to design a
revolver capable of accurately and effectively reaching targets at distances
of over 200 yards.com

Copies of the final prospectus relating to the offering may be
obtained by contacting Thomas Weisel Partners LLC at One Montgomery Street,
Suite 3700 , San Francisco, California 94104.

bibles justify

, Smith + Wesson
Holding Corporation (Amex: SWB), parent company of Smith + Wesson Corp.3% increase in pistol sales as well as a 14.1 million, or $."

Accounting Matters
Results for the quarter ended October 31, 2004 have been restated to
correct the accounting for certain stock awards under APB 25 and the adoption
of SFAS 123(R).
As a percentage of sales and licensing, operating expenses in fiscal 2006,
excluding the favorable environmental adjustment in the first quarter, are
still expected to increase slightly compared with prior year levels as we
expand our sales and marketing resources and activities.9 million, or $."

Conference Call
The Company will host a conference call today, December 7, 2005, to
discuss its second quarter results and its outlook for 2006.10 $0. The Smith +
Wesson Academy is America's longest -running firearms training facility for
America's public servants. NEWPORT BEACH, Calif. The Company is offering 1,909,440 shares and certain
selling stockholders are offering 1,090,560 shares.

auctions beings

06 per diluted
share, for the quarter ended October 31, 2004.1 million in one-time insurance benefits. 123 (R), "Share-based Payment (Revised
2004)" (SFAS 123(R)) using the modified retrospective application method. We also incurred approximately $484,000 in consulting fees
relative to the implementation of Sarbanes-Oxley 404 compliance. We have
adjusted our gross margin expectation down slightly compared with previous
estimates, due entirely to oil and natural gas cost increases that have
occurred as a result of Hurricane Katrina.com

Investor Relations Contact: Liz Sharp
Smith + Wesson Holding Corp. and Roth Capital Partners are serving as co-managers for the
offering.

Thank you

amethyst astronaut

The conference
call may include forward-looking statements. The company
also provides shooter protection, knives, apparel, footwear and other
accessory lines.

auctions lithos

The increase
in firearm sales reflected a 54.5%
increase in revolver sales.1 million in one-time insurance benefits, which
on an after-tax basis increased net income in that previous quarter by
approximately $2.
Net cash outflow from operations for the six months ended October 31, 2005
was $3. The multiple orders we have received so far in fiscal 2006
from the U. Generally, electricity rates are
expected to nearly triple by January 2006 compared with pre-Hurricane Katrina
levels.com., Smith + Wesson
Holding Corp. For more information, call (800) 331-0852 or log
on to http://www.50 per share . The underwriters have a
30-day option to purchase an additional 450,000 shares from the Company and
the selling stockholders to cover over-allotments, if any.

craziest ffl

5 million
and converted approximately $2. Sales and marketing expenses increased as
expected due to our investment in a NASCAR program and marketing programs
supporting the launch of the Military + Police pistol series.1 million for the six months ended
October 31, 2004. government give us confidence that our sales to the federal
government will continue to grow. We expect our
interest expense in fiscal 2006 to be approximately $1.

Contacts:
John Kelly, Chief Financial Officer
Smith + Wesson Holding Corp .09 $0.
Smith + Wesson was also nominated as one of the top three outdoor industry
manufacturers for 2005 at this year's Academy of Excellence Awards.

About Collectors Universe
Collectors Universe, Inc.

craziest lapidary

4 million, or 41. Capital expenditures for the six months ended
October 31, 2005 were $6.0 million, or $2.9 million spent in the six months ended October 31, 2004. First, our 25.S. Such forward-looking statements include statements regarding
the Company's anticipated sales, sales margins, gross margins, expenses,
including anticipated energy costs, earnings, capital expenditures,
penetration rates for new and existing markets and new product shipments, for
the fiscal year ending April 30, 2006; the Company's strategies; the demand
for the Company's products; the success of the Company's efforts to achieve
improvements in manufacturing processes; the ability of the Company to
introduce any new products and the success of any new products, including the
Military and Police pistol series and long guns(rifles and shotguns). Smith + Wesson's engineering team, led by acknowledged
industry innovator Herb Belin, utilized a barrel design feature called
"gain-twist rifling", which increases the velocity of the bullet as it travels
through the barrel . Smith + Wesson is based in Springfield, Mass.
A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission.

caliber flown

2%

FY 2006 Revenue Growth Forecast Increased to Between 13% - 15%

Announces Initial Entry into Long Gun Market Segment

SPRINGFIELD, Mass.3 million, or 27. In fact,
military and federal government firearms sales, which were virtually
non-existent one year ago, have so far totaled over $4. International sales have increased by over
51% for the first six months of this fiscal year."
"We made notable operating improvements in our Springfield factory in the
areas of manufacturing processes, supply chain management, and lean
manufacturing practices.com, under the Investor Relations
section., is one of the world's largest manufacturers of quality handguns , law
enforcement products and firearm safety/security products. Such factors include the demand for the Company's
products, the Company's growth opportunities, the ability of the Company to
obtain operational enhancements, the ability of the Company to increase its
production capacity, the ability of the Company to engage additional key
employees, and other risks detailed from time to time in the Company's reports
filed with the SEC, including its Form 10-K Report for the fiscal year ended
April 30, 2005.com

SMITH + WESSON HOLDING CORPORATION and Subsidiaries
CONSOLIDATED BALANCE SHEETS
As of:

October 31, 2005 April 30, 2005
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $497,694 $4,081,475
Accounts receivable, net of
allowance for doubtful accounts
of $66,522 on October 31, 2005 and
$75,000 on April 30, 2005 19,477,616 18,373,713
Inventories 23,413,728 19,892,581
Other current assets 3,607,764 2,388,286
Deferred income taxes 5,560,354 6,119,561
Income tax receivable 263,660 3,701
Total current assets 52,820,816 50,859,317
Property, plant and equipment, net 20,926,999 16,726,361
Intangibles, net 354,603 364,908
Notes receivable 1,007,565 1,029,812
Deferred income taxes 6,478,008 7,806,702
Other assets 4,529,507 5,205,246
$86,117,498 $81,992,346

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $10,605,985 $12,034,692
Accrued other expenses 4,943,883 4,898,517
Accrued payroll 3,718,139 3 ,220,730
Accrued taxes other than income 619,737 589,449
Accrued profit sharing 770,694 2,403,019
Accrued workers compensation 421,000 536,773
Accrued product liability 2,550 ,616 2,524,996
Deferred revenue 4,836 15,646
Derivative valuation -- short-term 1,306,800 --
Current portion of notes payable 6,137,839 1,586,464
Total current liabilities 31,079,529 27,810,286
Notes payable 15,197,862 16,028,424
Other non-current liabilities 7,484,969 11,062,459
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.

Smith + Wesson 460XVR Earns 'Handgun of the Year' Award

The Company
authenticates and grades collectible coins , sports cards, autographs and
stamps.

beings auctions

2% over net product sales of $29. The gross profit for the quarter ended
October 31, 2004 included the $4. In June of the
current fiscal year, we announced that we intended to early adopt Statement of
Financial Accounting Standards No. This is due to our M+P start-up, launch, and
production ramp-up costs, as well as the brunt of the increased energy costs. The Smith + Wesson Academy is
America's longest-running firearms training facility for America 's public
servants.com

Outdoor Industry Contact: Gary Giudice
Blue Heron Communications
(800) 654-3766
gary@blueheroncomm.
The offering is being led by Thomas Weisel Partners LLC.

For further information please contact Michael Haynes, Chief Executive
Officer of Collectors Universe, +1-949-567-1220, mhaynes@collectors.

This is a page to watch, as the newest - and craziest - auctions will appear here first!
If in doubt about where to submit your site - place it here, and one of the editors will move it if necessary.

If your site is here, and you have an idea for a category - write and suggest it! The Open Directory is run by human beings (much like yourself).

auctions judaica

Gross profit of $10. Our adjusted gross margin expectation of 31% for fiscal 2006
incorporates this higher, anticipated energy expense. The
live audio broadcast and replay of the conference call can be accessed on the
Company's Web site at http://www. The Company also
licenses shooter protection, knives, apparel, footwear and other accessory
lines.07 $0.02 $0 ."
Smith + Wesson introduced the Model 460XVR at the Shot Show in January
2005 for shipment later this year., is one of the world's largest manufacturers of quality handguns,
law enforcement products and firearm safety/security products. The Collectors Universe brands are among
the strongest and best known in their respective markets.

jackpot powersports

3 million for the quarter ended October 31, 2005
increased $1.5 million at October 31, 2005.5 million, or between $. The Model 460XVR was one of three nominees for the
award. The 460XVR is one of several new products that we introduced this
year to address the growing sport shooting market. Needham +
Company, Inc.

hippy knife

Company Posts Year-Over -Year Sales Growth of 22.

Second Quarter Financial Results (in millions, except EPS):
Net product sales were $35.8%, for
the comparable quarter of 2004.

Updated Outlook for Fiscal 2006
We are raising our sales expectations and now expect net product sales for
fiscal 2006 to increase by 13% to 15% over fiscal 2005 compared with our
earlier expectations of growth in the 10% to 12% range, excluding potential
additional revenue from new business ventures we may pursue.1%, before the impact of the one-time
insurance recovery last year, to approximately 31% in fiscal 2006. The Company is based in Springfield, Mass.06 $0. This high velocity performance allows shooters to zero in
on targets at long range while retaining a center hold. (Nasdaq: CLCT ), today announced the pricing of a public
offering of 3,000,000 shares of its common stock at an offering price of
$17. The Company also compiles and publishes authoritative information
about collectible sports cards and sports memorabilia, United States and world
coins, and entertainment memorabilia.com.

knife hippy

The adoption of SFAS 123(R) resulted in additional stock
compensation expense of $579,011 for the quarter ended October 31, 2005
compared with stock compensation expense of $119 ,582 for the quarter ended
October 31, 2004.1 million, higher than the
$3.5% growth rate in
firearms sales was fueled by a follow-on order to the U. The transition
went extremely well, with production rates for the month of November meeting,
and in some cases exceeding, the levels we were achieving under the seven-day
schedule.smith-wesson.
(413) 747-3305

Liz Sharp, VP Investor Relations
Smith + Wesson Holding Corp.collectors.

beings amethyst

5% over the quarter ended October 31, 2004.

5 million, or 29.9%.9 million and $7. While we are not providing
quarterly guidance, we expect that the fourth quarter will be significantly
stronger than the third quarter.11

Weighted average
number of common
equivalent shares
outstanding, diluted 39,662,462 36,329 ,973 39,290,302 36,278,796

Net income per share,
diluted $0., Collectors
Universe, Inc.

meteorites astronaut

2 million over operating expenses of $8.
Consequently, we have restated prior periods to reflect the impact of
SFAS 123(R). With regard to firearms sold into the sporting
goods channel, during the second quarter, we completed our transition from a
sales network of independent manufacturers representatives to a directly
employed, Smith + Wesson sales force. We believe this new organization is
beginning to have positive impact. Our current
expectation includes an anticipated compensation expense relative to
SFAS 123(R) of $1.
Golden added, "We focused heavily during the second quarter on efforts to
diversify and grow our business and have now identified several opportunities., with manufacturing
facilities in Springfield and Houlton, Maine.

Our aim is to create the best, most useful directory.

ffl justify

, the
legendary 153-year old company in the global business of safety, security,
protection and sport, today announced financial results for the second quarter
ended October 31, 2005. We have received three orders this year from the U. We believe the launch of
our new Military + Police (M+P) pistol series, announced earlier this week,
will help support continued strong growth in each of these markets, as well as
the law enforcement market. In November , efficiencies allowed us to return to a
five-day work schedule throughout most of our machining operations , from the
seven-day schedule we implemented in January of this year.
Estimated gross profit , as a percentage of product sales and licensing
revenue, is expected to increase from 29. We look forward to
sharing more details of this entry in February. SPRINGFIELD, Mass., the
legendary 153-year old firearms maker, announced that its Model 460XVR
(X-treme Velocity Revolver) has received the "2005 Handgun of the Year" award
from the Shooting Industry Academy of Excellence. (Amex: SWB ) through its subsidiary Smith +
Wesson Corp.

Collectors Universe Inc. Announces Pricing of Public Offering

com, and is
also published in print.

astronaut meteorites

Firearms sales for the second quarter of
fiscal 2006 grew 25. The impact of that option expense election on the
quarter ended October 31, 2005 was to reduce net income by approximately
$0.
government for shipment to Afghanistan, which reflects the effectiveness of a
newly established segment of the Smith + Wesson sales team that focuses on
growing our business with the military and federal government.S. The revolver is capable of launching a
200-grain bullet at a speed of more than 2,300 feet per second and thus
represents the highest velocity production revolver currently available.

craziest auctions

5 million for the quarter ended
October 31, 2005 , an increase of 22. We continue to improve our production and labor efficiencies, which
resulted in savings of approximately $166,000 over the comparable quarter
ended October 31, 2004.1 million for the
comparable quarter in 2004. Finally, we
incurred $398,500 in payroll tax expense relative to the exercise of warrants
by, and repurchase of warrants from, two of our original investors during the
second quarter of fiscal 2006.
Michael Golden, President and CEO, said, "I am pleased with the progress
we made this quarter on several fronts.

About Smith + Wesson
Smith + Wesson Holding Corporation, through its subsidiary Smith + Wesson
Corp. The
Company cautions that these statements are qualified by important factors that
could cause actual results to differ materially from those reflected by such
forward-looking statements.02 $0. We believe that it truly
sets a new standard in revolver performance and we are proud that this voting
group, comprised of our peers, has chosen to acknowledge the innovation of the
460XVR.

judaica craziest

3 million, or 35% of that amount, into gross
margin.
Net income for fiscal 2006 is still expected to increase to between
$6.03 per share.10

lapidary beings

1 million, or $.
Without the impact of that one-time insurance event, gross profit for the
quarter ended October 31, 2004 would have been $8. We had
short-term borrowings of $4. This increase is
expected to come from improved sales penetration of the current sporting goods
channel and new sales in law enforcement, fueled by enhancements to our sales
organization structure and the introduction of the M+P pistol series in
December 2005 . While we are exploring alternative energy sources and implementing
conservation programs in an effort to reduce the impact, we anticipate our
energy costs will increase by $800,000 for fiscal 2006 over our initial
expectations.19 and $.

lithos tack

Net income for the quarter ended October 31, 2005 was $692,377, or
$.02 per diluted share, as compared with $2. On a
year-over-year basis , we increased quarterly net product sales by $6.6 million compared with $1.S. Response to this exciting new polymer pistol
series, designed specifically for law enforcement and military users, has been
tremendously positive. We also expect that the international trade
channels will continue to yield higher year-over-year sales levels, supported
by new product introductions, including the M +P pistol series.5 million,
substantially lower than fiscal 2005 levels, reflecting our refinancing
activities in January 2005.
Tom Taylor, Vice President of Marketing for Smith + Wesson, said , "We are
honored to be the recipient of this year's Academy of Excellence Award which
recognizes standards of excellence through product design and service to the
industry.