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MarketScreener Homepage  >  Equities  >  Nyse MKT  >  DGSE Companies, Inc.    DGSE

DGSE COMPANIES, INC.

(DGSE)
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DGSE Companies, Inc. : Dallas Gold & Silver Exchange Opens Fort Worth Location

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11/07/2012 | 11:05am EDT

Eighth North Texas Store Advances Company's Coverage of D/FW Metroplex

Dallas Gold & Silver Exchange, a wholly-owned subsidiary of DGSE Companies, Inc. and Texas' largest dealer of precious metals, bullion, rare coins and jewelry, announced today the grand opening of a Fort Worth location, the eighth Dallas Gold & Silver Exchange store in the North Texas market.

The new store is located at 6115 Camp Bowie Boulevard, approximately 3/4 mile southwest of I-30, in Fort Worth's well-established West Side. The store joins existing Euless and Arlington locations in strengthening Dallas Gold & Silver Exchange's presence in Tarrant County, one of Texas' most populous counties, with a population of just over 1.8 million people. It also marks the eighth Dallas Gold & Silver Exchange storefront in the D/FW Metroplex, the nation's 4th largest MSA (Metropolitan Statistical Area).

Located amidst diverse retail business on the heavily-trafficked Camp Bowie Blvd., the 2,400 sq. ft. store will offer all products and services Dallas Gold & Silver Exchange is known for. Included in those offerings are buying and selling precious metals for investment purposes; buying customers' pre-owned gold, jewelry, diamonds and watches; buying and selling rare coins and paper currency; buying, selling and servicing pre-owned Rolex watches; and selling pre-owned and Manufacturer Direct jewelry.

"Dallas Gold & Silver Exchange has enjoyed a long and successful presence in Tarrant Country, and we're happy to now be open in the heart of the great city of Fort Worth," commented Jim Vierling, CEO of DGSE Companies, Inc. "The abundant population within the immediate area is considerable, and we expect to engage many new customers with this 'western-most' market location. We anticipate continued enhancements in efficiencies across the board, particularly in market-wide advertising."

To learn more about DGSE Companies and Dallas Gold & Silver Exchange, visit www.DGSE.com.

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 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.
Jim Vierling, CEO, 972-484-3662
jvierling@dgse.com


© Business Wire 2012
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Managers
NameTitle
John R. Loftus Chairman, President & Chief Executive Officer
Bret A. Pedersen Chief Financial Officer
Jim R. Ruth Independent Director
Alexandra C. Griffin Independent Director
Joel S. Friedman Lead Independent Director
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