DAC Technologies Announces a 23% Increase in Sales for April and May
June 08 2009 - 8:45AM
Marketwired
DAC Technologies (OTCBB: DAAT) today announced net sales of
$2,161,691 for April and May, as compared to $1,760,412 for the
same two months in 2008. This is an increase of $401,279, or 23%.
David A. Collins, Chairman and CEO, stated, "The Company is
enjoying revenue increases in its core business of firearm
accessories. These increases are coming from a variety of
customers, such as Cabela's, Academy Sports, and firearm
manufacturers such as Sig Arms and Savage, to mention a few. The
Company has also received a commitment from Wal-Mart for a large
Holiday/Christmas promotion of its deluxe gun cleaning kit. All gun
cleaning kits and accessories sold to Wal-Mart for the coming
season will be under the Winchester� brand name as part of a
licensing agreement between the Company and Olin Corporation, owner
of the Winchester� trademark."
Collins further stated, "We feel privileged to be working with
the world famous Winchester name. As discussed in our 2008 year end
report, the Company will not be manufacturing its low gross margin
items such as game processing kits, meat grinders, and fireplace
equipment, instead focusing on its core items. The Company looks
forward to significantly increasing its net earnings in 2009, to
12-14 cents per share."
About DAC:
DAC Technologies Group International, Inc. is an outsource
manufacturer of high quality, reasonably priced security safes,
gunlocks, gun cleaning kits, sporting goods, household cleaning
products and various hardware items. DAC distributes its products
through mass merchandisers such as Wal-Mart and Kmart, and sporting
goods retailers and distributors such as Cabela's, Acusport,
Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others.
DAC also provides gunlocks to OEM gun manufacturers such as Glock,
Sig Arms, Savage, Marlin, Weatherby, as well as others. Also, DAC's
products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
written statements to be made) contains statements that are
forward-looking, such as those relating to consummation of the
transaction, anticipated future revenue of the Company and success
of current public offerings. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ materially from those expressed in any
forward-looking statements.
For Shareholder Information please call 1-800-920-0098 Email
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