DAC Technologies Named "Company of the Month" in July Issue of The Bowser Report and Announces Second Quarter and Six Months Sal
July 22 2009 - 7:30AM
Marketwired
DAC Technologies (OTCBB: DAAT) today announced that it has been
selected as the "Company of the Month" in the July 2009 edition of
The Bowser Report. The Bowser Report is a monthly,
subscription-based, newsletter that highlights small cap stocks
trading on the NYSE, NASDAQ and AMEX at $3.00 per share or less.
Companies featured in the publication do not pay for coverage or
research. The Bowser Report, founded by Max Bowser, now in its 33rd
year, was selected as one of the top ten newsletters in 2005 by the
Hulbert Financial Digest.
David A. Collins, Chairman and CEO, stated, "We are pleased to
be selected as the featured company in The Bowser Report. The
Newport News, Virginia company uses fundamental analysis to select
and recommend companies. Companies do not pay for the research and
coverage and do not edit the newsletter's recommendation. In fact,
I knew nothing of the report until I was told about it by a third
party."
Collins also stated, "Everyone at the Company has worked very
hard to build a sound financial base and consistently profitable
company."
The Company today also announced net sales for the six month
period ending June 30, 2009 of $6,676,702 versus $5,440,027 for the
same period in 2008. This is an increase of $1,236,675, a 23%
increase. For the three months ending June 30, 2009, the Company
announced net sales of $3,143,261, versus $2,724,258 in 2008. This
is an increase of $419,003, a 16% increase.
Collins further stated, "The Company has been concentrating on
its core business of gun cleaning kits and gun accessories and has
had substantial increases in all these areas. A decision was made
not to manufacture very low gross margin items such as game
processing kits, meat grinders and fireplace equipment. Although
this causes loss of revenue, the Company felt it was best to
concentrate on our core business and increase gross margins. The
Company still projects revenue of $15 to $17 million, but with
substantially higher gross margins, with 12 to 15 cents in earnings
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,
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.
For Shareholder Information please call: 1-800-920-0098 Email
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