David A. Collins, CEO of DAC Technologies Interviewed on Smallcaps.US
November 20 2009 - 7:30AM
Marketwired
DAC Technologies (OTCBB: DAAT) is pleased to announce that Chairman
and CEO, David A. Collins, was featured in an interview with
Smallcaps.us. The interview took place November 19, 2009 and can be
heard in its entirety by logging on to
http://smallcaps.us/blog/?p=412.
In the interview, Mr. Collins stated that it was still too early
in the fourth quarter to tell what revenues and earnings the
Company will realize in fiscal year 2009. He did feel comfortable
with his initial guidance of 2009 earnings between 12 and 14 cents
per share. This would represent a 100% increase over 2008's
earnings of 6 cents per share.
Furthermore, Mr. Collins confirmed that the largest purchase
order in the Company's sixteen-year history was completely shipped
and is in stores at the present time. The Wal-Mart purchase order
was for the Company's deluxe gun cleaning kit and was in excess of
seven figures.
Looking at 2010, Mr. Collins said that the Company has picked up
seven new products at the world's second largest sporting goods
retailer, and that it is increasing its business and product line
with most all other sporting goods retailers. This way, the Company
hopes to increase its revenues and gross margins in 2010.
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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