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EXHIBIT 20.1
FOR IMMEDIATE RELEASE
For further information contact:
William B. Ruger, Jr. 603-863-3300
Erle G. Blanchard 203-259-7843
Stephen L. Sanetti 203-259-7843
STURM, RUGER & COMPANY, INC.
ANNOUNCES SALE OF UNI-CAST DIVISION
SOUTHPORT, CONNECTICUT, June 5, 2000--On Friday, June 2, 2000, Sturm,
Ruger & Company, Inc. (NYSE-RGR) entered into an agreement for the immediate
sale of assets of its Uni-Cast Division, located in Londonderry, New Hampshire.
The Company continues to own the land and building in which Uni-Cast will
operate. In conjunction with the sale, a supply agreement was entered into which
stipulates that the Company will continue to purchase its aluminum pistol frames
from Uni-Cast.
The Company retained all the equipment related to the metal matrix
composite process and all rights under its existing licensing agreement related
to this technology.
The Company anticipates that this transaction will not have a material
impact on its consolidated financial statements for 2000.
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Sturm, Ruger release page 2
Sturm, Ruger & Company, Inc. was founded in 1949. Since 1950 it has
never failed to show an annual profit and has never required financing from
outside sources. The Company's business segments are engaged in the manufacture
of the world famous RUGER(R) brand of sporting and law enforcement firearms and
titanium and ferrous investment castings for a wide variety of customers and end
uses. Plants are located in Newport, New Hampshire and Prescott, Arizona.
Corporate headquarters are located in Southport, Connecticut.
The Company may, from time to time, make forward-looking statements and
projections concerning future expectations. Such statements are based on current
expectations and are subject to certain qualifying risks and uncertainties, such
as market demand, sales levels of firearms, anticipated castings sales and
earnings (including those from titanium golf club components), the need for
external financing for operations or capital expenditures, the results of
pending litigation against the Company (including lawsuits filed by mayors and
other governmental entities and membership organizations), and the impact of
future firearms control and environmental legislation, any one or more of which
could cause actual results to differ materially from those projected. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date made, and the Company undertakes no obligation
to publish revised forward-looking statements to reflect events or circumstances
after the date such forward-looking statements are made or to reflect the
occurrence of unanticipated events.
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