DAC Technologies Announces Record Sales of $1,955,950 for Fourth Quarter Of 2003 - a 102% Increase Over Prior Year
08 Enero 2004 - 8:01AM
PR Newswire (US)
DAC Technologies Announces Record Sales of $1,955,950 for Fourth
Quarter Of 2003 - a 102% Increase Over Prior Year LITTLE ROCK,
Ark., Jan. 8 /PRNewswire-FirstCall/ -- DAC Technologies (BULLETIN
BOARD: DAAT) today announced net sales for the quarter ending
December 31, 2003 of $1,955,950 as compared to $969,950 for the
prior year. This is an increase of $986,000, or 102%. David A.
Collins, Chairman and CEO stated, "We are very pleased with the
sales increase and look forward to this trend continuing in 2004 as
we continue to introduce new products, primarily in our 'Gunmaster'
gun cleaning kit line and related products. We will be introducing
over 40 new items in the 'Gunmaster' line in the first and second
quarters of 2004 and, in fact, have already received orders from
large distributors. In addition, we have received a verbal
commitment from Wal-Mart to put many of these new items into their
spring/summer module." Collins also stated, "Although the final
figures are not totally complete, we anticipate pretax earnings in
excess of $300,000 for the fourth quarter of 2003. The Company has
a net operating loss carry-forward and therefore will not have to
pay any income taxes. This equates to earnings of approximately 21
cents per share on an annualized 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's mission is to provide the consumer
with great value in the purchase of affordable products to protect
the home and workplace. In particular, firearm safety and gun
violence are key issues facing the American people. It is DAC's
goal to assist in the reduction of gun violence and the
unintentional use of firearms by children and other unauthorized
persons through the distribution and sale of its effective safety
and security devices. DAC now distributes its products through mass
merchandisers such as Wal-Mart, Kmart, and Walgreens, sporting
goods retailers and distributors, OEM gun manufacturer and others.
For Shareholder Information please call 1-800-920-0098 or email at
. 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. DATASOURCE: DAC Technologies Group International, Inc.
CONTACT: DAC Technologies Group International, Inc.,
+1-800-920-0098, or Web site: http://www.dactec.com/
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