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STURM, RUGER ISSUES STATEMENT

 SOUTHPORT, Conn., June 24 /PRNewswire/ -- The following was released today by Sturm, Ruger & Company, Inc. (NYSE: RGR):
 The article appearing today in the Wall Street Journal by Mr. Erik Larson does not fairly represent the very favorable trends of these unfortunate accidents and ensuing litigation, which have been steadily decreasing during the last 10 years. Overall, the company has experienced a 42 percent decrease in its product liability lawsuits in the last 3 years, from 36 pending cases in June 1990 to 21 currently. Only 8 of these remaining cases involve the classic "old model" single action revolver, the subject of Mr. Larson's article, which is a 17 year low. We believe that our ongoing safety efforts, which include the voluntary offer of a free safety retrofit to all known owners of these revolvers, and the placement of increasing numbers of these 20-to-40- year-old pistols into honorable retirement as valued collector's items, as well as increased efforts nationwide toward shooter education, will help ensure that this favorable trend continues.
 -0- 6/24/93
 /CONTACT: Stephen L. Sanetti, vice president/general counsel or Phyllis S. Garber, director of product relations of Sturm, Ruger & Company, Inc., 203-259-7843/
 (RGR)


CO: Sturm, Ruger & Company, Inc. ST: Connecticut IN: ARO SU:

TS-OS -- NY070 -- 5423 06/24/93 16:00 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:215
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