DAC TECHNOLOGIES GROUP INTERNATIONAL, INC.
Condensed Statements of Operations (Consolidated)
For The Three Months Ended June 30, 2007 and 2006
Unaudited
2007 2006
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Net sales $ 2,739,903 $ 2,717,169
Cost of sales 1,853,512 1,932,054
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Gross profit 886,391 785,115
Total operating expenses 619,950 582,385
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Income from operations 266,441 202,730
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Interest expense (63,206) (51,136)
Income before income tax provision 203,235 151,594
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Provision for income taxes 87,615 59,278
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Net income $ 115,620 $ 92,316
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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.
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)
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.
Contact Information: Shareholder Information: 1-800-920-0098