Lovell Stewart Halebian LLP Announces Securities Fraud Class Action against Taser International, Inc., Officers and Directors.

NEW YORK -- Fifth graph, first sentence should read xxx as lead plaintiff by March 10, 2005 (sted xxx as lead plaintiff by March 10, 2004). Also, the contact information is corrected to read as follows:

Lovell Stewart Halebian, LLP
Christopher Lovell, 212-608-1900

E[acute accent]The corrected release reads:

E[acute accent]LOVELL STEWART HALEBIAN LLP ANNOUNCES SECURITIES FRAUD CLASS ACTION AGAINST TASER INTERNATIONAL, INC., OFFICERS AND DIRECTORS

E[acute accent]The law firm of Lovell Stewart Halebian LLP filed a class action lawsuit in the United States District Court for the Southern District of New York on January 11, 2005 on behalf of all persons who purchased, converted, exchanged, or otherwise acquired the common stock of Taser International, Inc. ("Taser" or the "Company") (NASDAQ: TASR) between May 29, 2003 and January 6, 2005, inclusive, (the "Class Period") against defendants Taser and certain officers and directors of the Company. E[acute accent]The action, Casale v. Taser, International, Inc., et. al. is pending in the U.S. District Court for the Southern District of New York (500 Pearl Street, New York, New York), Docket No. 05-CV-00236 and has been assigned to the Hon. Shira A. Scheindlin, U.S. District Judge. E[acute accent]The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between May 29, 2003 and January 6, 2005, thereby artificially inflating the price of Taser securities. Throughout the Class Period, as alleged in the Complaint, defendants issued numerous statements which described the Company's statements on the safety of its products. The Complaint alleges that these statements were materially false and misleading because they failed to disclose and/or misrepresented the following adverse facts, among others: (1) that the Company's Taser M26 and X26 are unsafe, (2) that defendants knew or recklessly disregarded the fact that the Company's Taser M26 and X26 have safety concerns, (3) that defendants knew or recklessly disregarded the fact that the Company's M26's and X26's severe safety concerns were likely to limit the long term marketability of the Taser M26 and X26, and (4) that the defendants failed to warn the public of the potential harm of the Company's M26 and X26, in order to preserve the Company's profits from the "stun" guns. E[acute accent]On January 6, 2005, after the market closed, the Company issued a press release entitled "Taser International, Inc. Cooperates with SEC Informal Inquiry." In the press release, the Company announced that the Securities and Exchange Commission is beginning an inquiry into claims and statements made by Taser on the safety of its stun guns. Further, as stated in the press release, the SEC is also looking into an end of year order totaling $1.5 million. E[acute accent]If you purchased, converted, exchanged, or otherwise acquired Taser common stock during the Class Period, you may request that the Court appoint you as lead plaintiff by March 10, 2005. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Lovell Stewart Halebian LLP, or other counsel of your choice, to serve as your counsel in this action. E[acute accent]Investors who acquired Taser International, Inc. common stock during the period May 29, 2003 through January 6, 2005, inclusive may contact Lovell Stewart Halebian LLP at the telephone number or Email address below for more information regarding the class action lawsuit. Investors can also visit Lovell Stewart Halebian's website at www.lshllp.com to view a copy of the complaint. Lovell Stewart Halebian LLP has represented investors in numerous financial class actions and obtained the largest class action recoveries under three separate federal statutes.