Dyna Group International Acquires Fort USA For $1.25 Million
NEW BRAUNFELS, Texas--Feb. 6, 2002--Dyna Group International (OTCBB:DGIX) announced Feb. 4, 2002 the purchase of Fort USA, a well known company producing a wide variety of products for the souvenir and gift industry, for $1,250,000 in cash.Annual revenues are currently 5 million selling to 2,000 customers in gift shops, theme parks, state and national parks, museums, airport gift shops, and casinos nationwide. Fort USA holds licenses with Coca-Cola and numerous colleges and universities.
Roger Tuttle CEO stated, "We are very excited about this synergistic acquisition. We are confident that we can successfully restructure the company; reduce the overhead and production costs, and increase sales. The cross-selling opportunity between Great American Products and Fort USA are significant."
Great American Products, a wholly owned subsidiary of Dyna Group International (DGIX) is recognized as the leader in the manufacturing and distribution of pewter sports licensed collectibles. The Company Holds Licenses With The NFL, MLB, NBA, NHL, NASCAR, TOP DRIVERS, ISC RACETRACKS and others. In addition to the licensed products, Great American Products also produces a broad line of non-licensed collectible products that are sold through a variety of retail channels. The products are prized by collectors due to their design excellence, craftsmanship and the lasting value of pewter.
For information regarding Great American Products visit the Web site gap1.com.
For information regarding Fort USA visit the Web site fortusa.com.