Published:
DAC Technologies Announces Sales for Quarter Ending June 30, 2006
DAC Technologies (OTCBB: DAAT) today
announced sales for the quarter ending June 30, 2006 of $2,716,994 as
compared to $2,265,162 for the same period in 2005. This is an increase of
$452,832, or 20%. Sales for the six month period ending June 30, 2006 were
$5,443,989 as compared to $4,527,240 for the same period in 2005. This is
an increase of $916,749, or 20%.
David A. Collins, Chairman and CEO, stated, "The sales are in line with our
projected sales increases for 2006, although we are seeing larger sales
increases in July due to the acceptance of our GunMaster gun cleaning line
in most all major retailers, distributors and catalog companies. Also, the
Company has received orders from Kmart and will begin shipping immediately.
The Company shipped the Wal-Mart module set at the end of June. Our
electric meat grinder went into 2,200 stores versus 280 stores last year,
and our new meat processing kit (knives) went into over 2,000 stores. All
of this is contributing to higher than expected July sales."
Collins also stated, "The Company is aggressively hunting for ways to
expand its line of products, both in sporting goods and outside of sporting
goods. The Company has great expertise and experience in manufacturing in
China, and feels it can use this expertise to manufacture items outside of
sporting goods. One area the Company is looking at is the housewares
category, especially anything made of metal."
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.
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: ,Manufacturing and Production:MachineryandTools, ManufacturingandProduction:MiningandMetals, ManufacturingandProduction:PackagingandContainers, Retail:ConsumerInterest, ,OTCBULLB,OTCBULLB,AR,LITTLE ROCK, AR
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