Published:
DAC Technologies Announces Results for First Quarter Ending March 31, 2006
DAC Technologies (OTCBB: DAAT) today
announced results for the quarter ending March 31, 2006. Net sales were
$2,763,197, as compared to $2,263,078 for the same period ending March 31,
2005. This is an increase of $500,119, or 22%. Income from operations was
$383,728 as compared to $318,820 for the same period in 2005. This is an
increase of $64,908, or 20%. Income before taxes was $323,993 as compared
to $272,759 in 2005. This is an increase of $51,234, or 19%. Net income
was $197,182 as compared to $166,442 for 2005. This is an increase of
$30,740, or 19%.
David A. Collins, Chairman and CEO, stated, "Due to the consistent growth
of the Company, we felt it was necessary to update our computer system and
accounting programs. The Company hired a full-time computer systems
analyst and one additional secretary to handle this area. Although this
added additional expense to the general and administrative area, the
Company felt it was necessary to handle future continued growth. Also, Mr.
Bob Goodwin, the Company's CFO, has returned to work on a full-time basis."
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.
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Tags: ,Aerospace and Defense:Weapons, LifestyleandLeisure:Recreation, Sports:EquipmentandAccessories, ,OTCBULLB,OTCBULLB,AR,LITTLE ROCK, AR
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