Summerville, SC, Store Provides DGSE Expanded North and West Coverage of Charleston Area
Dallas - August 2, 2013 - DGSE Companies, Inc. (NYSE MKT: DGSE), a leading wholesaler and retailer of jewelry, diamonds, fine watches, and precious metal bullion and rare coin products, today announced that it has expanded its presence in the strategically important market of greater Charleston, South Carolina.
DGSE opened its second Charleston Gold & Diamond Exchange retail location, in Summerville, SC, to service the north and western parts of the greater Charleston area. The 5,125 sq. ft. standalone location on Summerville’s main thoroughfare joins DGSE’s Charleston Gold & Diamond Exchange Mount Pleasant location, which has serviced the south and eastern sections of Charleston for over 10 years. It brings its total number of stores to 35 in seven states.
James Vierling, Chief Executive Officer and Chairman of the Board, stated, “We are enthusiastic about opening our second Charleston Gold & Diamond Exchange store located in Summerville. Our original Mount Pleasant store is one of our highest volume and most profitable locations, and we expect that by creating easier access to the north and west part of the area, with our same fine quality products and great customer service for patrons, we can duplicate the success of the original store. We will have a full-service jeweler onsite and our Summerville staff members have been trained by our professionals in the Mount Pleasant store so new and long-time customers will enjoy a seamless and pleasurable experience in our second Charleston Gold & Diamond Exchange location.”
About Summerville, South Carolina
Summerville is situated primarily in Dorchester County with small portions in Berkeley, and Charleston counties. It is part of the Charleston-North Charleston-Summerville statistical metropolitan area and is just 24 miles outside of Charleston. With over 700 homes and buildings on the National Register of Historic Places, Summerville is well-known for its historic character. The population of the town of Summerville was 43,392 as of the 2010 census. Dorchester County was rated as one of the 100 fastest growing counties in the United States from 2000-2010 with the population expanding from 96,345 to 136,555 during that time.
About DGSE Companies
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, 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.
James Vierling, CEO
Brett Maas, Managing Partner