Moreover, it features many rare items
that have never before come up for auction. Mr. We believe this
will be the first of many important collections brought to market by Greg
Martin Auctions under the Escala Group banner.
Now in its third year of business, Greg Martin Auctions has proven with
its past eight sales that it is the leading auction house for antique arms and
historic memorabilia. Since its inception, the company has achieved over
$40 million in total sales, the sale of some of the most important arms ever
sold, and several world records -- including the highest price ever paid at
auction for a firearm: $828,800 for a cased, gold-inlaid 1849 Colt revolver. Escala Group undertakes no obligation to
publicly update or revise any forward-looking statements.

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Sales schedules and collector
information are available online. Harmer. In particular, any statement related to Escala Group's expected
revenues or earnings or Escala Group's being well positioned for future
profitability and growth are forward -looking statements.

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A.
The trading activities of Escala Group are conducted through A-Mark
Precious Metals, one of the largest private sellers of bullion coins and
bullion gold, silver and platinum to the wholesale marketplace.

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Established in 1992, the Academy of Excellence is sponsored by FMG
Publications, publisher of Shooting Industry, GUNS and American Handgunner
magazines.
The words "should," "believe," "estimate," "expect," "intend,"
"anticipate," "foresee," "plan " and similar expressions and variations thereof
identify certain of such forward- looking statements , which speak only as of
the dates on which they were made.

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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 . The company
also provides shooter protection, knives, apparel, footwear and other
accessory lines. The collection is extremely well thought out and characterized
by its depth, quality and completeness.

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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 .com

Outdoor Industry Contact: Gary Giudice
Blue Heron Communications
(800 ) 654-3766
gary@blueheroncomm. The
company's full-service approach to auctions includes state -of-the-art
technology, bi-coastal linked auction rooms, telephone and absentee bidding
(including online bid submission), fully illustrated online catalogs, and
private preview showings by appointment .

Statements in this press release that relate to future plans, objectives,
expectations , performance, events and the like are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934.

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Martin continued , "It was a Herculean task
and remarkable achievement to assemble such an impressive collection within
just 30 years. It is truly an honor to have the opportunity to
once again offer on the auction block many of the finest historic firearms
ever sold at public auction.com or online at http://www .

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"
Smith + Wesson introduced the Model 460XVR at the Shot Show in January
2005 for shipment later this year., with
manufacturing facilities in Springfield and Houlton, Maine. This is one of the finest American
collections of firearms ever assembled by one individual," said Martin , also
noting that the collection was begun in the 1970s by banker Robert Howard of
Dallas and Hemphill, Texas."
Further details on the two-part sale, to be held at Greg Martin Auctions
in 2006 and 2007, are expected to be available later this year.

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Smith + Wesson is based in Springfield , Mass. The Robert Howard Collection of Historic Firearms Valued at
$15 Million Is Coming to Auction

SAN FRANCISCO, Greg and is expected to achieve over $15 million in sales.

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, Smith + Wesson
Holding Corp. 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.

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This high velocity performance allows shooters to zero in
on targets at long range while retaining a center hold.
Greg Martin, President of Greg Martin Auctions , stated, "These events will
be two of the greatest sales in the annals of gun auctions, due to the sheer
quality and quantity of product. Mr. We expect that new world records
will be established in conjunction with this extraordinary event.
Escala Group's North American operations include Greg Manning Auctions
division, Ivy + Manning Philatelic Auctions, Greg Manning Galleries, Spectrum
Numismatics, Teletrade, Nutmeg Stamp Sales, Superior Sports Auctions, Bowers
and Merena Auctions , and Kingswood Coin Auctions, and H.S.

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, 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.com

Investor Relations Contact: Liz Sharp
Smith + Wesson Holding Corp.
(480) 367-5015
lsharp@smith-wesson.

Greg Martin Auctions an Escala Group Company Announces 'The Sale of the Decade' -

"
These sales will be distinctive because of the fact that a collection the
quality of Mr. Howard's may not be seen again on the auction block for many
decades.

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About Smith + Wesson
Smith + Wesson Holding Corp. Gallo continued, "It is also noteworthy
that, almost concurrent with our new affiliation with the Escala Group, we
have been chosen by Robert Howard to auction his collection. Additionally, any statements related to
future improved performance and estimates of revenues and earnings per share
are forward -looking statements.

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The company operates through a number of subsidiaries that
specialize in various sectors of the collectibles markets, and is comprised of
three business areas: auctions, merchant /dealer operations and trading.R.

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

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." Mr. Factors
that may cause such differences include changes in market conditions , changes
in economic environment, competitive factors and the other factors discussed
in the "forward-looking information" or "risk factors" sections included in
Escala Group's filings with the Securities and Exchange Commission, including
Escala Group's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
prospectuses and other documents that Escala Group has filed with the
Commission .

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Smith + Wesson was also nominated as one of the top three outdoor industry
manufacturers for 2005 at this year's Academy of Excellence Awards.

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SPRINGFIELD, Mass.com.
Merchant/dealer activities are conducted through Greg Manning Auctions and
GMAI-Auctentia Central de Compras of Madrid , which act as exclusive suppliers
of collectibles -- primarily stamps and coins -- on a worldwide basis to
Afinsa Bienes Tangibles, S.

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The Model 460XVR was one of three nominees for the
award .smith-wesson. of Madrid, Spain, and through Spectrum
Numismatics International, one of the largest wholesalers of rare coins in the
U.

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The voting group consists of 471 industry executives, gun dealers
and outdoor writers. 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.
John Gallo, a director of Greg Martin Auctions, stated, "Greg Martin and I
have known Robert Howard for many years, and assisted him with the formation
of this great collection .

ABOUT ESCALA GROUP
Escala Group is a global federation of leading companies in the
collectibles market with operations in North America, Europe and Asia as well
as on the Internet . In Europe,
the leading auction houses affiliated with the network are Auctentia Subastas
(Afinsa Auctions) of Madrid, Spain, Corinphila Auktionen of Zurich,
Switzerland, and the Koehler group of auction companies of Berlin and
Wiesbaden, Germany. In Asia, Escala's auctions operations are conducted
through John Bull Stamp Auctions, Ltd, the oldest philatelic auction house in
Hong Kong.

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com

ABOUT GREG MARTIN AUCTIONS
Based in San Francisco, Greg Martin Auctions (GMA ) provides collectors,
institutions, dealers and enthusiasts with unsurpassed expertise and a
complete range of services to appraise, value, market and sell fine antique,
collectible and sporting arms , armor and historical memorabilia. Readers are
cautioned not to place undue reliance on these forward -looking statements.

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The Smith +
Wesson Academy is America's longest-running firearms training facility for
America's public servants. Specific areas of interest in the Robert Howard
Collection include early American pistols, Kentucky rifles and Colonial
flintlock guns to Civil War carbines, American percussion revolvers, cartridge
arms and more.
For more information, contact Greg Martin Auctions by telephone toll-free
at 1-800-509-1988, by fax at 415-543-7576, by email at
info@gregmartinauctions .

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(Amex: SWB), parent company of Smith + Wesson Corp. Martin further explained that the collection is unique because
of the depth of items in every category -- including all models and variations
of American firearms -- from North + Cheney horse pistols, the first military
pistol purchased by the United States government, through the Revolutionary
War and 20th Century.gregmartinauctions. Afinsa is Escala Group's majority shareholder. Future events, risks and
uncertainties, individually or in the aggregate, could cause actual results to
differ materially from those expressed or implied in these statements.

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The 460XVR is one of several new products that we introduced this
year to address the growing sport shooting market. (Amex: SWB) through its subsidiary Smith +
Wesson Corp., is one of the world's largest manufacturers of quality handguns,
law enforcement products and firearm safety /security products. For more information, call (800) 331-0852 or log
on to http://www.