Published:
DAC Technologies Announces Private Transaction
DAC Technologies (OTC: DAAT) today
announced a private transaction in which accredited investors and DAC
Technologies agreed to purchase all the outstanding shares (679,065 shares)
from Dan Lasater and his family. Keane Securities of New York City handled
this transaction.
David A. Collins, Chairman and CEO, stated, "The Company has reached an
agreement to put its GunMaster gun cleaning kits into Sears/Kmart's
approximately 1,100 stores in the July/August time frame."
Collins further stated, "Mr. Bob Goodwin, the Company's CFO, was recently
hospitalized, but has now returned to work. This has caused the Company to
file for a one week extension for the filing of its 10Q for the quarter
ended March 31, 2006."
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.
For Shareholder Information please call 1-800-920-0098 or email at
investorrelations@dactec.com.
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.
Newswire by Market Wire
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Tags: ,Manufacturing and Production:MachineryandTools ,INTHPINK,AR,LITTLE ROCK, AR
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