Jeez, their web site lists the MOST expensive model at $7.99! Low price seems like what they're selling. Here's some text from their web site:
"<i>We have always admired the European made Swiss Army knives but thought they were awfully expensive to actually use in the field where they could be lost or broken. That's why we have developed our own extremely affordable alternatives we call Swiss Steel.
Now, make no mistake, despite our low prices, every Swiss Steel knife is fully functional and has been extensively field tested by our staff in Africa under very rigorous conditions. The knife blades are made of good quality stainless steel and come fully sharpened and hold a decent edge. The scissors and saws actually cut quite well and the screw drivers, awls, can openers and other tools are equally useful and can be relied on to give years of faithful service.
If you are looking for a hard working Swiss Army style knife but don't want to pay a lot of money, we can't think of a better value for your money than Swiss Steel.</i>"
I am a total cheap skate, but would still rather pay $20 - $40 for a mid-level genuine Victorinox SAK such as the Spartan (which I have) or Soldier or Explorer. YMMV.
For what it's worth, I DO like the tool layout on their 5 Tool knife, which is something like the Vic Spartan but has both a cork screw and phillips head screwdriver on the back of the knife. I never much cared for having an awl and actually do use the corkscrew from time to time. If the Cold Steel corkscrew would hold one of the tiny Vic screwdrivers, even better!
I'd be interested to hear from anyone who's actually handled or used one of these.