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DAC Technologies Announces January 2008 Sales and 2007 Annual Sales
LITTLE ROCK, AR--(Marketwire - February 12, 2008) - DAC Technologies (OTCBB : DAAT ) today
announced net sales for January 2008 of $1,065,880 as compared to net sales
of $864,675 for January 2007. This is an increase of $201,205, or 23%.
This is the first time in Company history that sales have exceeded one
million dollars for the month of January. The Company also announced net
sales for the year 2007 of $14,777,645 as compared to net sales of
$15,475,880 for 2006. This is a decrease of $698,235, or 5%.
David A. Collins, Chairman and CEO, stated, "Although 2007 was a very
challenging year in retail for both the retailer and its vendors, the
Company looks forward to significant growth in 2008 with the introduction
of new products. The Company is introducing a new line of gun cases and
also will be expanding its line of household cleaning dusters. The Company
has received a commitment for a new, long flexible duster and refills from
Wal-Mart that will begin shipping on May 19th and should contribute an
additional $1,000,000 in revenue on an annual basis."
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, Marlin, 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.