SOURCE: DAC Technologies Group International, Inc.

August 02, 2005 08:45 ET

DAC Technologies Comments on Trigger Lock Legislation and New Orders

LITTLE ROCK, AR -- (MARKET WIRE) -- August 2, 2005 -- DAC Technologies (OTC BB: DAAT). David A. Collins, Chairman and CEO, commented today on the Senate amendment approved by a bipartisan 70-30 vote to require a trigger lock or safe storage device with any handgun sold by a licensed dealer.

Collins stated, "DAC Technologies is one of the largest manufacturers of trigger locks, cable locks and handgun safes in the United States, and would obviously benefit from this becoming law. The bill requiring trigger locks would benefit all Americans and seems to be one of the less controversial firearm safety measures. DAC Technologies believes the American people overwhelmingly support safety locks."

Collins also stated, "The Company has received a mid-six-figure order from Cabela's to begin shipping in August through November. Also, the Company has received commitments from Wal-Mart for special Christmas promotions that ship in the beginning of November in the low seven-figure range."

Collins further stated, "We believe that the Company will do between $9,000,000 and $11,000,000 in revenue during the third and fourth quarters."

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. Firearm safety and gun violence are key issues facing the American people. DAC's goal is 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 gunlocks and security safes. DAC distributes its products through mass merchandisers such as Wal Mart and Kmart, and sporting goods retailers and distributors such as Dick's, Big Five, Cabela's, Acusport, Jerry's, RSR and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Marlin and Taurus, as well as others. Also, DAC's products are distributed through catalog companies such as Cabela's, LL Bean and others.

For Shareholder Information please call 1-800-920-0098 or email at investorrelations@dactec.com.

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.

Contact Information

  • For Shareholder Information please call:
    1-800-920-0098
    Email Contact