In the company’s news yesterday,
DAC Technologies Group International Inc. reported net sales of $2,161,691 for April and May, a 23% increase compared to $1,760,412 for the same two months in 2008.
David A. Collins, Chairman and CEO, stated, “The Company is enjoying revenue increases in its core business of firearm accessories. These increases are coming from a variety of customers, such as Cabela’s, Academy Sports, and firearm manufacturers such as Sig Arms and Savage, to mention a few.”
He continued, “The Company has also received a commitment from Wal-Mart for a large Holiday/Christmas promotion of its deluxe gun cleaning kit. All gun cleaning kits and accessories sold to Wal-Mart for the coming season will be under the Winchester(R) brand name as part of a licensing agreement between the Company and Olin Corporation, owner of the Winchester(R) trademark.”
“We feel privileged to be working with the world famous Winchester name,” he added. “As discussed in our 2008 year end report, the Company will not be manufacturing its low gross margin items such as game processing kits, meat grinders, and fireplace equipment, instead focusing on its core items. The Company looks forward to significantly increasing its net earnings in 2009, to 12-14 cents per share.”
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