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DAC Technologies Announces April and May Sales
LITTLE ROCK, AR--(Marketwire - June 13, 2007) - DAC Technologies (OTCBB : DAAT ) today
announced net sales for May 2007 of $965,372 as compared to net sales of
$792,678 for the same period in 2006. This is an increase of $172,694, or
22%. Net sales for April 2007 were $629,259 as compared to net sales of
$546,999 for the same period in 2006. This is an increase of $82,260, or
15%.
The Company also announced that on May 22, 2007, the US Court of Appeals
for the Eighth Circuit affirmed the US District Court's judgment against
SKIT International, Ltd. in the amount of $1,524,420. According to DAC
Technologies' legal counsel, the Company will be able to begin collection
against SKIT International and certain individuals on June 22, 2007. SKIT
International has appealed this judgment numerous times over the past four
years, and the only appeal left is with the US Supreme Court. The
Company's legal counsel has advised that it is highly unlikely that the
Supreme Court would even agree to accept such an appeal.
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 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)
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.