Patent ID: 7624865

Claim:
A hang tag for a product having a relatively small first end portion with a generally circular cross section with open axial oriented grooves on opposite sides thereof and closed axially oriented grooves on opposite sides thereof, wherein the open and closed grooves are oriented at 90 degrees relative to one another, comprising: a main body having a configuration at a top end portion for hanging said tag on a display and a retaining portion for receiving and holding the product and having a bottom end surface; said retaining portion comprising: a generally rectangularly shaped interior opening located between the bottom end surface and said main body; a receiving portion having a receiving opening extending from said bottom end surface to said interior opening, said receiving opening being configured to receive the first end portion therein and having at least one interior rib in said receiving opening for engaging at least one of the open axial grooves to prevent rotation of the product and to place the product at a predetermined angular position; and at least one deflectable prong extending into said interior opening configured to deflect away from the end portion of the product when the product is inserted into said interior opening and engage the closed groove to prevent removal of the product; each said at least one prong being elongated and having a transitional portion and a generally rounded end portion sized and configured to generally conform to the curved ends of the closed grooves and extending from the bottom portion into said interior opening at an acute angle relative to the lengthwise direction of said cylindrical opening, whereby a force applied to pull the bit from the cylindrical opening is transmitted generally along the length of said prongs; wherein said transition portion has a relatively narrow dimension at the interface with said bottom portion to generally define a hinge enabling said at least one prong to deflect away from the shank when the shank is inserted in said cylindrical opening, said transition portion having a larger dimension in the direction transverse to said narrow dimension interface.