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DAC Technologies Named "Company of the Month" in July Issue of The Bowser Report and Announces Second Quarter and Six Months Sales Increase of 23%
LITTLE ROCK, AR--(Marketwire - July 22, 2009) - DAC Technologies (OTCBB : DAAT ) today
announced that it has been selected as the "Company of the Month" in the
July 2009 edition of The Bowser Report. The Bowser Report is a monthly,
subscription-based, newsletter that highlights small cap stocks trading on
the NYSE, NASDAQ and AMEX at $3.00 per share or less. Companies featured
in the publication do not pay for coverage or research. The Bowser Report,
founded by Max Bowser, now in its 33rd year, was selected as one of the top
ten newsletters in 2005 by the Hulbert Financial Digest.
David A. Collins, Chairman and CEO, stated, "We are pleased to be selected
as the featured company in The Bowser Report. The Newport News, Virginia
company uses fundamental analysis to select and recommend companies.
Companies do not pay for the research and coverage and do not edit the
newsletter's recommendation. In fact, I knew nothing of the report until I
was told about it by a third party."
Collins also stated, "Everyone at the Company has worked very hard to build
a sound financial base and consistently profitable company."
The Company today also announced net sales for the six month period ending
June 30, 2009 of $6,676,702 versus $5,440,027 for the same period in 2008.
This is an increase of $1,236,675, a 23% increase. For the three months
ending June 30, 2009, the Company announced net sales of $3,143,261, versus
$2,724,258 in 2008. This is an increase of $419,003, a 16% increase.
Collins further stated, "The Company has been concentrating on its core
business of gun cleaning kits and gun accessories and has had substantial
increases in all these areas. A decision was made not to manufacture very
low gross margin items such as game processing kits, meat grinders and
fireplace equipment. Although this causes loss of revenue, the Company
felt it was best to concentrate on our core business and increase gross
margins. The Company still projects revenue of $15 to $17 million, but
with substantially higher gross margins, with 12 to 15 cents in earnings
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, SigArms, Savage, 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'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.