LITTLE ROCK, AR -- (Marketwire) -- 09/03/09 -- DAC Technologies (OTCBB: DAAT) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
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.
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