Friday, November 20, 2009 8:33:25 AM
On 8:30 am EST, Friday November 20, 2009
LITTLE ROCK, AR--(Marketwire - 11/20/09) - DAC Technologies (OTC.BB:DAAT - News) 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.
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