“Additionally, we are pleased to announce that we are working directly with manufacturers and vendors to produce our own line of fine jewelry,” continued Mr. Vierling. “We will be able to leverage our own inventory of pre-owned diamonds, and enhance our margin opportunity by as much as three times our typical jewelry margins. Several of our locations already have the initial deliveries of this new product line, and we will continue to add additional items to this line throughout the holiday season”.
“We believe we have a fundamentally sound business model and balance sheet to drive profitability and enhance shareholder value. Having completed the restatement process, we can now fully focus on further development of our business,” concluded Mr. Vierling.
The Company will host a teleconference tomorrow, Thursday, November 1, 2012, at 2:00 p.m. Central Time to discuss the Company’s results. To participate in the teleconference, please call in a few minutes before the start time: +877-317-6789 for U.S. callers, +866-605-3852 for Canadian callers and +412-317-6789 for international callers and reference the DGSE conference call (confirmation code 10020541) when prompted. A replay will be available one hour after completion of the call through December 3, 2012 at 8:00 a.m. CT. To access the replay, please dial +877-344-7529 (U.S. callers) or +412-317-0088 (international callers) and reference passcode 10020541. The webcast and archived replay can also be accessed on the Company’s website at
If you would like to schedule an individual meeting with DGSE management please call 972-481-3820 and speak with Stori Chapa or email
with your meeting request.
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
. Real-time price quotations and real-time order execution in precious metals are provided on another DGSE website at
. Wholesale customers can access the full vintage watch inventory through the restricted site at
The Company is headquartered in Dallas, Texas, and its common stock trades on the NYSE MKT Exchange under the symbol "DGSE."