DALLAS, Jun 28, 2012 (BUSINESS WIRE) -- DGSE Companies, Inc. (nyse mkt:DGSE) today announced it has opened a seventh Dallas-Fort Worth Metroplex retail location in the Collin County suburb of Allen, Texas.
The Allen location follows last week's grand opening in Southlake, Texas. Like the Southlake and all other Dallas Gold & Silver Exchange locations, the Allen store will feature full-service bullion trading and investment services as well as purchasing and selling fine jewelry, rare coins, scrap gold, silver, diamonds, fine watches and other valuables.
Allen represents the first Dallas Gold & Silver Exchange location in Collin County, home to almost 800,000 North Texans. The store is conveniently-located in The Village at Allen, on the southeast corner of US75 & Stacy Road. Immediate highway access makes this destination easily accessible from a number of North Texas' most affluent suburbs, including: Plano, Frisco, McKinney, Murphy, Fairview, Lucas and Parker.
"Opening two new Metroplex locations within two weeks is a significant achievement and we're very optimistic about the success each new store promises," stated Dusty Clem, COO of DGSE Companies. "The Dallas Gold & Silver Exchange brand is well-defined within the market and these newest stores will immediately benefit from existing branding and market-wide advertising. Increasing our store count within the direct marketing area will continue to increase our operating and marketing efficiencies, while providing DGSE with direct proximity to North Texas' most affluent suburbs."
The Allen store is located at 190 East Stacy Road, Suite 216 and can be reached at 972-481-3870. Visitors to www.dgse.com can learn more about the store and products and services offered.
About DGSE Companies, Inc.
DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches, and precious metal bullion and rare coin products through its Bullion Express, Charleston Gold & Diamond Exchange, Dallas Gold & Silver Exchange, and Southern Bullion Coin & Jewelry operations. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Alabama, Florida, Georgia, Illinois, North Carolina, South Carolina, Tennessee and Texas, the Company operates internet websites which can be accessed at www.bullionexpress.com , www.dgse.com , www.cgdeinc.com , and www.sbcoin.com . Real-time price quotations and real-time order execution in precious metals are provided on another DGSE website at www.USBullionExchange.com . Wholesale customers can access the full vintage watch inventory through the restricted site at www.FairchildWatches.com .
The Company is headquartered in Dallas, Texas and its common stock trades on NYSE MKT Exchange under the symbol "DGSE."
This press release includes statements which may constitute "forward-looking" statements, usually containing the words "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 the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. 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. In addition to the results presented in accordance with Generally Accepted Accounting Principles throughout this press release, DGSE has presented non-GAAP financial measures such as EBITDA. The Company believes that these non-GAAP measures, viewed in addition to and not in lieu of the Company's reported GAAP results, provide useful information to investors because they are an integral part of the Company's internal evaluation of operating performance. In addition, they are measures that DGSE uses to evaluate management's effectiveness. DGSE's non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.
DGSE Companies, Inc.
William H. Oyster, 972-484-3662
Chairman and CEO