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Kevin, thanks for the details from the Jameco distributor.
Those prices sound "too good to be true"!
or is it a case of "you get what you pay for"?
The spec sheet for the mini drill indicates that is of far east origin and has no detail on mechanical specs.
Also, the collets on the spec sheet look like the same 4 segment Al. type as the Dremel so I doubt they could meet any runout targets needed for carbide drill bits. Again no info.
The spec sheet for the stand/press is from the same company (Goldsun Electronics), has even less information than the mini drill and looks very makeshift.
As an engineer, I would not touch these products with a bargepole!
Geoff