03.08.2007 13:30:00
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DGSE Companies, Inc. Announces Launch of Americangoldandsilverexchange.com and over 900 Supporting Websites
DGSE Companies, Inc. (Nasdaq:DGSE), which wholesales, retails and
auctions fine watches, jewelry, diamonds, precious metal and rare coin
products via traditional and Internet channels, today announced that it
had launched Americangoldandsilverexchange.com. Supporting this venture
was the simultaneous activation of over 900 proprietary Internet sites
related to the home page of Americangoldandsilverexchange.com. The sites
reflect state and city names containing the Gold and silver exchange
root for every State in the United States and a host of major cities.
Additional pages include key words related to gold, silver, rare coins,
jewelry, watches and diamonds. The supporting web sites are designed to
drive unique traffic to the primary site and to facilitate search
functionality. The launch of Americangoldandsilverexchange.com is
supported by the roll-out of television advertising commencing in
regional markets and specialized media. As the program expands it will
be extended to national markets. The Americangoldandsilverexchange.com
website, call center accessibility and DGSE’s
bricks and mortar presence in Texas, California and South Carolina
combine to provide customers from all over the United States with a safe
and seamless way to value and sell gold, silver, rare coins, jewelry,
diamonds, and watches.
"We are very pleased to have launched this
very important addition to DGSE’s activities,”
noted William H. Oyster, President and Chief Operating Officer of DGSE
Companies, Inc. Mr. Oyster continued, "Americangoldandsilverexchange.com
materially broadens the scope of our activities. We are proud of the
fact that all of the Internet-based components of this activity were
developed internally and that the systems and procedures supporting this
new segment are completely integrated with all of our other activities.
We are confident that this new Internet-based business will contribute
to our growth and profitability in future periods.”
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 and
through Superior Galleries' website at www.sgbh.com.
Real-time price quotations and real-time order execution in precious
metals are provided on another DGSE web site at www.USBullionExchange.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. The Company also makes collateralized
consumer loans at its two Dallas locations and payday loans at three
facilities in New Mexico.
The Company is headquartered in Dallas, Texas and its common stock
trades on The Nasdaq Stock Market® under the
symbol "DGSE”.
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.
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