Girard Gibbs & De Bartolomeo LLP Announces Class Action Lawsuit Against TASER International, Inc.

SAN FRANCISCO -- The law firm of Girard Gibbs & De Bartolomeo LLP filed a class action lawsuit on January 12, 2005, on behalf of investors in TASER International, Inc. (NASDAQ:TASR) ("TASER" or "the Company") who purchased or otherwise acquired the common stock of TASER, between November 4, 2004 and January 6, 2005, inclusive (the "Class Period"). The lawsuit asserts claims under the Securities Exchange Act of 1934 (the "Exchange Act").

If you wish to discuss this action or your rights as an investor in TASER, please contact Girard Gibbs & De Bartolomeo LLP toll-free at [phone]. A copy of the complaint is available from the Court, or can be viewed on Girard Gibbs & De Bartolomeo LLP's website at: http://www.girardgibbs.com/TASER.html.

The class action, captioned Guzman v. TASER International, Inc., et al, CV05-0142 PHXMHM, is pending in the United States District Court for the District of Arizona. The class action is brought against defendants TASER International, Inc., Patrick W. Smith, Thomas P. Smith, Phillips W. Smith, Kathleen C. Hanrahan and Daniel M. Behrendt ("Defendants").

According to the complaint, Defendants falsely touted the safety of TASER stun guns and engaged in sales of stun guns merely to meet end-of-year projections. Specifically, throughout the Class Period, Defendants issued numerous positive statements concerning the demand for the Company's TASER devices and the safety of the Company's products. These statements, however, were materially false and misleading because they failed to disclose: (i) that, contrary to Defendants' representations, the studies conducted on the Company's TASER devices were inconclusive as to their safety; (ii) that TASER's revenues and earnings would be negatively impacted once the truth of these studies was disclosed; (iii) that an end-of-the-quarter order of TASER devices which the Company had received from one of its distributors was done solely to help TASER meet its projected revenue growth and did not accurately reflect the demand for the Company's devices; and (iv) as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements regarding the safety of, and demand for, TASER devices.

After the market closed on January 6, 2005, Defendants issued a press release disclosing that TASER had received an informal inquiry letter from the Securities and Exchange Commission regarding the Company's statements about the safety of its products and a recent order received from one of its distributors. The market reacted to TASER's announcement by punishing the Company's share price, and on January 7, 2005, shares of TASER common stock closed at $22.72 per share, off $4.90 per share, or 18 percent, from the previous day's closing price.

If you purchased or otherwise acquired the common stock of TASER between November 4, 2005 and January 6, 2005, you may, no later than March 11, 2005, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. You may retain Girard Gibbs & De Bartolomeo LLP, or other attorneys, to serve as your counsel in this action.

Girard Gibbs & De Bartolomeo LLP is one of the nation's leading firms representing individual and institutional investors in securities fraud class actions and litigation to correct abusive corporate governance practices, breaches of fiduciary duty and proxy violations. For more information, please access the firm's web site, www.girardgibbs.com. To discuss this class action with us, please contact the following attorney:

Aaron M. Sheanin
601 California Street, Suite 1400
San Francisco, CA  94108
Phone number: [phone]
Email: [e-mail]
Website: http://www.girardgibbs.com/TASER.html