advertisement
On CHOW: Does drinking ice water burn calories?
Find Articles in:
all
Business
Reference
Technology
News
Sports
Health
Autos
Arts
Home & Garden

Featured Download

Speak Like a CEO

This chapter describes ten helpful actions and behaviors that will bring you...

advertisement

Content provided in partnership with
Thomson / Gale

Business Services Industry

DGSE Companies, Inc. Announces That It Has Completed Market Testing For AmericanGoldandSilverExchange.Com, Superior Estate Buyers and Superior Precious Metals and Plans to Expand Each Activity Nationwide During 2008

Business Wire,  March 19, 2008  

DALLAS -- DGSE Companies, Inc. (AMEX:DGC), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels, today announced it has completed all of the market testing for its new AmericanGoldandSilverExchange.com, Superior Estate Buyers and Superior Precious Metals activities and that plans are in place to roll them out nationwide.

Most Popular Articles in Business
Research and Markets : Tesco Plc - SWOT Framework Analysis
Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
eBay made easy: ready to start an eBay business? These 5 simple steps will ...
Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
Wal-Mart's newest distribution center opened last month near the southwest ...
More »
advertisement

AmericanGoldandSilverExchange.com was developed entirely internally by DGSE and was launched in late 2007. AGSE provides customers from all over the United States with a seamless and reliable way to sell unwanted jewelry, watches, diamonds and precious metals through a one-stop Internet website. The activity is supported by print and television advertising focused on local and national markets. Since its launch DGSE has received thousands of requests from customers and processed thousands of requests in regional and national test markets and will expand the program to new markets throughout 2008.

Super Estate Buyers was developed to bring our unique expertise in the purchase of gold, silver, diamonds, rare coins and other collectibles to local markets with a team of travelling professionals for short-term buying events. Since the launch in late 2007, we have visited 6 communities and each event exceeded expectations. During 2008 SEB will visit at least 20 communities around the Country. It is our expectation that, over time, this activity will be expanded significantly with the objective of having teams conducting events on a continuous basis.

Superior Precious Metals was also launched in late 2007 and it is the retail precious metals arm of DGSE. Professional account managers provide a convenient way for individuals and companies to buy and sell precious metals and rare coins. This activity is supported by the internally developed account management and trading platform created as part of DGSE's USBullionExchange.com precious metals system.

William Oyster, president of DGSE, said, "DGSE has invested heavily in new activities in fiscal 2007 and into early 2008 and these investments are already paying dividends. With gold now around $1000 per ounce and consumers increasingly looking for efficient ways to turn unwanted valuables into cash, demand for our services has been robust and welcomed as we enter new markets. We are intensely focused on making DGSE the one stop company for customers to buy and sell precious metals, rare coins, jewelry, fine watches and diamonds. Our customers look to us to provide them the best values and the most professional services in all of our activities and we expect to continue to be opportunistic and nimble in bringing new tools to that pursuit."

DGSE Companies, Inc. wholesales, retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries and well as through the Internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Beverly Hills, California, the Company operates live Internet auctions which can be accessed at www.dgse.com. Through Superior Galleries' at www.sgbh.com, the Company provides a host of services to collectors and investors in rare coins and precious metals including Internet auctions, information about its live auctions and a complete inventory of rare coins and related products. Real-time price quotations and real-time order execution in precious metals are available at www.USBullionExchange.com and www.SuperiorPreciousMetals.com. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites and through www.SuperiorEstateBuyers.com The Company also makes collateralized consumer loans at two National Pawn locations in Dallas, Texas.

The Company is headquartered in Dallas, Texas and its common stock trades on The American Stock Exchange under the symbol "DGC."

This press release includes statements which may constitute "forward-looking" statements, usually containing the words "will," "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of DGSE's products and services in the marketplace, competitive factors, the risks associated with business combinations, industry factors (including competition, fluctuations in interest rates and bullion values), dependence upon third-party vendors, and other risks detailed in the DGSE's periodic reports filed with the Securities and Exchange Commission. The actual results or performance by DGSE could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of DGSE. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning