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DGSE Announces The Retirement Of John Benson And The Appointment Of Matthew Auger As Interim CFO

DGSE Companies, Inc. (NYSE Amex: DGSE), which buys and sells jewelry, fine watches, diamonds, rare coins and precious metals products via traditional and internet channels reported today that John Benson, the Company’s Chief Financial Officer has retired. The Board of Directors has appointed Matthew Auger, the Company’s Controller for the past five years, to the position of interim CFO.

“I would like to thank John for his 19 years of service as DGSE’s CFO,” stated William Oyster, President and CEO of DGSE. “As a member of our executive team, John has made significant contributions to the overall success and growth of DGSE for many years. John will remain a Senior Consultant to the Interim CFO for a period of time.

The Board and I have the highest confidence level in Matt’s ability to fill this role in the interim period that will ensue while the Company continues its Executive search for a new CFO that will possess the skill set and background to help lead the Company during our current growth-oriented, multi-year expansion efforts.”

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 and Silver Exchange, DGSE Bullion Express, Charleston Gold and Diamond Exchange and Superior Gold & Diamond Exchange operations as well as through the internet.

In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Woodland Hills, California, DGSE also operates gold buying and retail outlets throughout the southeast under the Southern Bullion Coin & Jewelry name. DGSE Bullion Express are specialty precious metals stores currently located in Dallas, Texas and Woodland Hills, California. Additional DGSE Bullion Express locations will be opening in Arlington, Texas, Highland Park, Illinois, and Buckhead, Georgia in the near future. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country.

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