Arlington Site Expands Presence in North Texas to Five Stores, Marks Third Retail Addition This Year
DALLAS, Dec 22, 2011 -- DGSE Companies, Inc., which buys and sells jewelry, fine watches, diamonds, rare coins and precious metals products via traditional and internet channels announced today that is has opened its fifth North Texas retail operation in Arlington, near the Parks at Arlington Mall. The store is located at 1109 West I-20, directly facing the I-20 Frontage Road, between South Cooper Street and Matlock Road, on the north side of the highway.
The Arlington Grand Opening follows successful Bullion Express store openings in the Park Cities and Galleria areas of Dallas and Woodland Hills, CA. Products and services include: full-service bullion trading and investment guidance; purchasing of consumers' used jewelry, scrap gold, silver, diamonds, rare coins and other valuables; and a retail environment where customers can purchase one-of-a-kind jewelry pieces, diamonds, fine watches, rare coins and more.
"We have been very happy with the early profitability of our first three Bullion Express locations and robust holiday sales at all of our other stores. We have high expectations that the new Arlington, TX location will continue our series of successful Bullion Express store openings. The addition of this fifth DFW Metroplex location enhances our efficiencies in advertising, staffing, merchandising and other areas; while allowing us to reach hundreds of thousands of new customers," stated William Oyster, President and CEO of DGSE. "Looking forward, we are also excited about our entry into two new major markets: Highland Park, IL and Buckhead, GA; which are slated to open in the first quarter of 2012."
About DGSE Companies, Inc.
DGSE Companies, Inc. wholesales, retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coin products to domestic and international customers through its Dallas Gold & Silver Exchange, Charleston Gold & Diamond Exchange, Superior Gold & Diamond Exchange and DGSE Bullion Express operations. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Arlington, Dallas and Euless, Texas, Charleston, South Carolina and Woodland Hills, California, the Company operates internet websites which can be accessed at www.dgse.com and through Superior Gold & Diamond Exchange website at www.sgde.com and Charleston Gold & Diamond Exchange at www.cgdeinc.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 Amex 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.
SOURCE: DGSE Companies, Inc.
DGSE Companies, Inc. William Oyster, 972-484-3662 President and Chief Executive Officer