DGSE Companies, Inc. Expands with Ninth Store in Dallas-Fort Worth Metroplex
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 opened a Dallas Gold &
Silver Exchange retail location in Garland, Texas. This location, which
represents DGSE’s ninth store in the Dallas-Fort Worth Metroplex, now
provides the Company complete east-west coverage of the area. It also
represents the company’s second new store opening during 2013, following
the opening of its Southern Bullion Coin & Jewelry store in Cummings,
Georgia in April. The company has also taken a hard look at its existing
store locations, and made the difficult decision to close two Southern
Bullion locations this year, which brings its total number of stores to
34 in seven states.
James Vierling, chief executive officer and chairman of the board,
stated, “In the past year, we have focused primarily on opening new
stores in the regions where we already have an existing presence. This
allows us to better leverage advertising dollars, staffing,
merchandising and management and will drive incremental traffic to
markets in which we are already well recognized. This new store fits
that strategy perfectly, increasing our presence both in Garland and
throughout the DFW metro area, and as such, we expect this store to
reach profitability faster than opening a store in a completely new
market.”
The new store is located at 6226 Broadway Blvd, Suite 110, in Garland,
Texas, 75043.
Garland, a part of the Dallas–Fort Worth Metroplex, is the 12th most
populous city in the state of Texas and has a population of
approximately 227,000 as of 2010. In 2008, Garland was ranked #67 on CNN
and Money magazine's list of the "Top 100 Places to Live.”
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, 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 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.
Copyright Business Wire 2013