Certain statements contained in this document may be deemed to be forward-
looking statements under federal securities laws, and Smith + Wesson intends
that such forward-looking statements be subject to the safe-harbor created
thereby."
Smith + Wesson introduced the Model 460XVR at the Shot Show in January
2005 for shipment later this year. 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.

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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. 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 .

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The four-day event featured exhibits from
1,725 companies in the firearms and hunting industry and served as the launch
pad for a host of new products from Smith + Wesson. Smith + Wesson is based in Springfield, Mass. The collection is extremely well thought out and characterized
by its depth , quality and completeness. We expect that new world records
will be established in conjunction with this extraordinary event. Sales schedules and collector
information are available online.gregmartinauctions .

rosser firearms

The Smith +
Wesson Academy is America's longest running firearms training facility for law
enforcement , military and security professionals. The company
also provides shooter protection, knives, apparel , footwear and other
accessory lines. 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.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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About Smith + Wesson
Smith + Wesson Holding Corp.R.

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, Smith + Wesson
(Amex: SWB), the legendary 153-year old firearms maker unveiled fourteen new
products at the 2005 Shooting, Hunting and Outdoor Trade (SHOT) Show held last
week in Las Vegas, Nevada. Such factors include, but are not limited to changes in
markets or demand for the company's products as well as other risks as
identified from time to time in Smith + Wesson's SEC reports, including
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and Annual
Reports on Form 10-K." Mr.

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Martin continued, "It was a Herculean task
and remarkable achievement to assemble such an impressive collection within
just 30 years. We believe this
will be the first of many important collections brought to market by Greg
Martin Auctions under the Escala Group banner .

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" Golden
added, "We look forward to building on the strength of our Smith + Wesson
brand through a variety of additional opportunities. The Model 460XVR was one of three nominees for the
award . Mr.

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"
The company indicated that customer and media response to the S+W exhibit
has been positive as well.com . 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 . (Amex: SWB) through its subsidiary Smith +
Wesson Corp.smith-wesson.com

Investor Relations Contact: Liz Sharp
Smith + Wesson Holding Corp.
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.

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. 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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The 460XVR, which was introduced by the company on January 28th, is the
highest velocity production revolver in the world. Smith + Wesson launched a
total of fourteen new products at the SHOT Show, all of which are available
for delivery this month.smith-wesson."
These sales will be distinctive because of the fact that a collection the
quality of Mr. 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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As one of the most frequently visited exhibits, the Smith + Wesson booth
featured a variety of brand new firearms products ranging from the Model
460XVR (eXtreme Velocity Revolver ) to the extension of the 1911 pistol series., Smith + Wesson
Holding Corp. Harmer.A.

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Any such expansion could be done directly,
through licensing agreements or other cooperative agreements. It cited Bob Steger, President of firearms
distributor RSR Group who said, "Smith + Wesson was one of the few
manufacturers to have anything new and exciting. Forward-looking statements include, but are not limited to the
company's plans to build the strength of its brand and the company's
activities aimed at category expansion. Smith + Wesson cautions that these
statements are qualified by important factors that could cause actual results
to differ materially from those reflected by the forward -looking statements
contained herein. Additionally, any statements related to
future improved performance and estimates of revenues and earnings per share
are forward-looking statements.

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SPRINGFIELD, Mass. Moreover, it features many rare items
that have never before come up for auction.

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Smith + Wesson Unveils New Products; SHOT Show 2005 Provides Backdrop for Launch of Fourteen Products

"The public
response to our new product line was very encouraging and we received
tremendous interest from dealers, distributors and industry media.
For more information, call (800) 331-0852 or log on to
http://www.

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

For more information, call (800) 331-0852 or log
on to http://www.

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

Escala Group undertakes no obligation to
publicly update or revise any forward-looking statements.

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I believe their varied experience will help continue S+W's
position as a leader in the industry. SPRINGFIELD, Mass.
Established in 1992, the Academy of Excellence is sponsored by FMG
Publications, publisher of Shooting Industry, GUNS and American Handgunner
magazines . 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.

checkering knifemaker

We are actively
exploring category expansion into less-lethal weapons, long guns, ammunition,
ranges and security systems.

, with
manufacturing facilities in Springfield and Houlton, Maine. 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.com or online at http://www. of Madrid, Spain, and through Spectrum
Numismatics International, one of the largest wholesalers of rare coins in the
U.

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We also
showed a number of items in our extended line of licensed products at this
year 's show and the response there was extremely positive as well. The 460XVR is one of several new products that we introduced this
year to address the growing sport shooting market. 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 .
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 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.
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.

graver shotguns

The 27th annual SHOT Show attracted more than 37,000 attendees who
gathered to take a look at the latest in firearms and outdoor apparel
advancements. The
company also provides shooter protection, knives, apparel, footwear and other
accessory lines.

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.
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. 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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(480) 367-5015
lsharp@smith -wesson. 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."
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. 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.
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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Smith + Wesson is based in Springfield, Massachusetts with
manufacturing facilities in Springfield and Houlton, Maine. (Amex: SWB), parent company of Smith + Wesson Corp., 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.
Smith + Wesson was also nominated as one of the top three outdoor industry
manufacturers for 2005 at this year's Academy of Excellence Awards., is one of the world's largest manufacturers of quality handguns,
law enforcement products and firearm safety/security products. 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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"

About Smith + Wesson
Smith + Wesson is one of the world's largest manufacturers of quality
handguns, law enforcement products and firearm safety/security products.
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. 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. Howard 's may not be seen again on the auction block for many
decades. 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. In Asia, Escala's auctions operations are conducted
through John Bull Stamp Auctions, Ltd, the oldest philatelic auction house in
Hong Kong.

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.

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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" Dan Johnson, veteran writer for
Primedia Outdoors wrote, "Second only to the term SHOT Show, Smith + Wesson
was the most prevalent name at the show this year. This high velocity performance allows shooters to zero in
on targets at long range while retaining a center hold.com

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Smith + Wesson, one of the most recognized names in the
industry, provided attendees with over 3,000 square feet of new products,
services and accessories. I am excited about the new
management team. 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. Readers are
cautioned not to place undue reliance on these forward-looking statements.

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The voting group consists of 471 industry executives, gun dealers
and outdoor writers. Mr.

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In addition to firearms and a variety of licensed
products, Smith + Wesson also introduced the Smith + Wesson Chevrolet (#30),
which makes its debut in March at the NASCAR Busch Series race in Las Vegas,
Nevada .
"There was tremendous enthusiasm in the Smith + Wesson booth," said Mike
Golden, Smith + Wesson's President and Chief Executive Officer.
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.