SOURCE: DAC Technologies Group International, Inc.

May 15, 2008 08:45 ET

DAC Technologies Announces First Quarter Results

LITTLE ROCK, AR--(Marketwire - May 15, 2008) - DAC Technologies (OTCBB: DAAT) today announced results for the quarter ended March 31, 2008. The Company reported net income of $41,974 for the quarter ended March 31, 2008 as compared to a net loss of $17,202 for the same period in 2007. This is an increase in profits of $59,176, or 344%. Income from operations was $131,512 as compared to $48,750 for the same period in 2007. This is an increase in operating income of $82,762, or 170%. Net sales for the quarter were $2,715,769 as compared to $2,839,625 for 2007, a decrease of 4%. Income before income tax was $68,635 as compared to a loss of $24,810 in 2007. This is an increase in pretax income of $93,445, or 377%.

David A. Collins, Chairman and CEO, stated, "The Company has focused on controlling expenses, as is evidenced by selling expenses, including salaries, rent and freight, decreasing by $68,547, or 17%. The Company looks forward to significant sales gains in the third and fourth quarters, as we ship new products, such as our new fireplace equipment line to Wal-Mart. By tightly controlling expenses and introducing new products, the Company anticipates earnings in the 13 to 15 cents per share range for 2008, an increase of at least 100% over 2007. Revenue growth for the year is expected to be in the 15% to 20% range or $16 to $18 million in total sales for 2008."

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.

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