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David A. Collins, CEO of DAC Technologies Interviewed on Smallcaps.US
LITTLE ROCK, AR--(Marketwire - November 20, 2009) - DAC Technologies (OTCBB : DAAT ) is pleased
to announce that Chairman and CEO, David A. Collins, was featured in an
interview with Smallcaps.us. The interview took place November 19, 2009
and can be heard in its entirety by logging on to
http://smallcaps.us/blog/?p=412.
In the interview, Mr. Collins stated that it was still too early in the
fourth quarter to tell what revenues and earnings the Company will realize
in fiscal year 2009. He did feel comfortable with his initial guidance of
2009 earnings between 12 and 14 cents per share. This would represent a
100% increase over 2008's earnings of 6 cents per share.
Furthermore, Mr. Collins confirmed that the largest purchase order in the
Company's sixteen-year history was completely shipped and is in stores at
the present time. The Wal-Mart purchase order was for the Company's deluxe
gun cleaning kit and was in excess of seven figures.
Looking at 2010, Mr. Collins said that the Company has picked up seven new
products at the world's second largest sporting goods retailer, and that it
is increasing its business and product line with most all other sporting
goods retailers. This way, the Company hopes to increase its revenues and
gross margins in 2010.
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.