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DAC Technologies Announces a 23% Increase in Sales for April and May
LITTLE ROCK, AR--(Marketwire - June 8, 2009) - 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.