Dallas, September 7, 2012 - DGSE Companies, Inc. (“DGSE” or the “Company”) announced today that its Board of Directors has appointed C. Brett Burford, age 45, to serve as the Company's Chief Financial Officer and Principal Financial Officer, effective August 31, 2012. Mr. Burford replaces Matthew Auger, who, until the date of Mr. Burford’s appointment, had served as Interim Chief Financial Officer since November 17, 2011.
Prior to joining DGSE, Mr. Burford served as Chief Financial Officer of Craftmade International, Inc. (“Craftmade”). Craftmade was a publicly-traded company engaged in the production of lighting, ceiling fan and other home décor items. Mr. Burford held this role beginning in August of 2008 and ultimately helped lead negotiations resulting in the sale of Craftmade to a strategic buyer in late 2011. Mr. Burford left Craftmade shortly after the completion of this transaction. Prior to Craftmade, Mr. Burford held several leadership roles in Finance and Strategic Planning at Cadbury Schweppes Americas Beverages (“CSAB”), the U.S. soft-drink division of London-based Cadbury Schweppes, plc. CSAB is now separately traded in the United States on the NYSE as Dr Pepper Snapple Group under the symbol DPS. Mr. Burford graduated from Oklahoma State University with a degree in Finance and minors in Accounting and Management Information Systems. He also holds a Master of Business Administration from the University of Texas at Dallas and a Master of Liberal Arts from Southern Methodist University.
"We are very pleased to have Brett join our executive management team,” stated William Oyster, Chief Executive Officer of DSGE. “Brett brings a significant depth of experience in corporate finance, regulatory compliance and corporate governance to DGSE. We are confident that he will provide strong leadership as we complete our efforts to regain compliance with the listing standards of NYSE MKT and pursue our strategic growth objectives in the future.”
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 the 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.
DGSE Companies, Inc.
William Oyster, 972-484-3662
Chief Executive Officer