DAC Technologies Announces a 23% Increase in Sales for April and May
LITTLE ROCK, AR, Jun 08, 2009 (MARKETWIRE via COMTEX) -- DAC Technologies (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(R) brand name as part of a licensing agreement between the Company and Olin Corporation, owner of the Winchester(R) 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.
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