Caracal secures export license approval from US

Abu Dhabi, Feb. 24, 2009 (WAM) - Caracal International, a completely owned subsidiary of Tawzun Holding, announced that it has received an export License from the United States of America.
This now enables Caracal to export its products to the United States. This achievement is a milestone in Caracal's strategic plan that was announced during its launch in IDEX 2007. This has brought Caracal closer to the goal of selling their products internationally, a company press release said.
Saeed Ali Al-Shamsi, Commercial Director for Caracal International, said; "This approval falls in line with the business strategy of a soft entry to the US market before the end of 2009. Initially, Caracal Management has prioritized selling to our market area the GCC currently; we are in close discussions with our neighbouring countries about using the Caracal pistol as their service weapon. We are confidante to secure these contracts shortly" Al Shamsi went on to say, "Caracal pistols have been awarded certificates of approval from three different testing authorities from the EU; this further complements the unique patented designs of the pistols. It is due to these innovative features that we are confident in the future of Caracal.
'' We look forward to the challenge of competing in an industry that has not seen a new small arms manufacturer in approximately 15 years; it will take a strong marketing campaign to complement the innovative design of the caracal pistols. The end user acquires a high quality system at a reasonable price. With both we can achieve a decent global market share.'