DAC TECHNOLOGIES GROUP INTERNATIONAL, INC. Condensed Statements of Operations (Consolidated) For The Three Months Ended September 30, 2006 and 2005 $ Increase % Increase 2006 2005 (Decrease) (Decrease) ----------- ----------- Net sales $ 3,936,195 $ 3,193,129 $ 743,066 23% Cost of sales 2,539,587 2,033,405 506,182 25% ----------- ----------- ------------ Gross profit 1,396,608 1,159,724 236,884 20% ----------- ----------- ------------ Operating expenses Selling 293,594 218,735 74,859 34% Shipping and warehouse 211,031 154,693 56,338 36% General and administrative 270,015 263,169 6,846 3% ----------- ----------- ------------ Total operating expenses 774,640 636,597 138,043 22% ----------- ----------- ------------ Income from operations 621,968 523,127 98,841 19% Other income (expense) Interest expense (79,774) (57,586) 22,188 39% ----------- ----------- ------------ Income before income tax provision 542,194 465,541 76,653 16% Provision for income taxes 201,006 184,804 16,202 9% ----------- ----------- ------------ Net income $ 341,188 $ 280,737 $ 60,451 22% =========== =========== ============ Basic and diluted earnings per share $ 0.06 $ 0.05 $ 0.01 20% =========== =========== ============About DAC: DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits and security products, as well as accessory items for the sporting goods market. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Dick's, Big Five, Cabela's, Acusport, Jerry's, RSR and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Marlin and Taurus, 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) contain statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's 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.
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