Smith & Wesson CEO on New Acquisition

" Smith & -- of course best known for making firearms has agreed to acquire security provider universal safety response. In a cash and stock it would -- two harnesses talk about the deal and tomorrow on ABC Michael golden as the CEOs mythical -- I've never get -- in movies like Alan I love them alone I'm sure you do and you had good numbers. This time when your company has benefited from this environment I guess --"

" Our company's doing well we pre announced would you prefer pull earnings out on Monday afternoon for the quarter that ended in April. Bomb but we did sell -- the street that their sales were up 20%. Our margins were up we doubled our cash position are backlogged laid out why now. Why now why is it happening now well yeah actually our business has been very strong few local last year all through the recession. You look at our handgun business at the retail level the consumer business has been growing at double digit rate. We believe that that is true driven by a number of things one we make the best products in the -- second is the overall economy people worried about personal protection. And third I think terrorism Sauna -- on the."

" This gentleman you've seen all the stories sixty minutes on the story we've done this story people are afraid that the Obama administration is going to curtail gun ownership at least that's what. All the journalists are pointing to do you agree with that and what is your assessment is that a possibility what would happen to your profitability. I'm not --"

" Try to predict the to the future or what's going to happen that we have a business that's -- sound has been in business for a 157 years. We're diversifying the company last night we know yet which in the US source universal safety response. Not to further capitalize on there are opportunities in the security and protection markets around the world."

" Michael when you look at the future of your business where the fastest growing markets that is to say who's buying your guns knew right now that wasn't buying them a couple of years ago."

" Well actually we have a number of areas that that are growing very well we really we sell firearms -- and through four different channels around the world is that consumer business. Which is sold to approve federally licensed retailers in the United States as Digisette. Well all -- that was growing at a double digit rate continues that there are law enforcement business was launched and a pistol about three years ago and we will we're winning. Over 80% of the -- tests and evaluations by law enforcement departments in the United States. Not that big opportunities on the horizon with the federal government with the M nine pistol was used by the US military today. US military doesn't as a single handgun manufactured by US company --"

" I'm mister Goldin thought two quick questions actually the first one is a quick one are you packing heat right now. -- a financial I thought. Question number two I mean this has got to paradoxically I see your company is almost analogous to Philip mores which. I recently was arguing ops openly and actually -- Behind the scenes for FDA regulation of nicotine what it actually help you guys paradoxically if there was tighter. Gun control legislation and people have to going through the front door to buy legitimate you know. Quote unquote firearm."

" Some guys that -- you know that there there -- enough gun regulations in the United States today they need to be enforced. You know what our company is a major player in the firearms industry in handguns and tactical rifles in military rifles and honey products. Across the board. You know the movie made last night acquiring US are further diversify our company and a and other businesses that we can capitalize on the -- Did you -- because you fear coming regulation. I'm sorry did you buy it because you fear coming regulation and no need more of our servants not not a role we've been focusing on diversifying the company for the last four years looking for platforms. That are related to firearms that are outside firearms. USR is a perfect platform for us because and that is in the perimeter security business. Which opens an awful lot of opportunities for us to expand that business with the existing products they've got a lot of new products that are coming to market their patented products. Combat and also to. Further go around -- we we really protect the the entry way to the facility right now I don't know with US our products with -- and I say thank you for your time or thank you very much."