NEWPORT BEACH, Calif., — Collectors Universe, Inc.  reported that two of its directors, A. Clinton Allen, Chairman of the Company, and Bruce A. Stevens have completed the requirements for Professional Director Certification from the Corporate Directors Group, which conducts member educational programs accredited by ISS Governance Services.

“Messrs Allen and Stevens’ completion of the Professional Director Certification further demonstrates our strong commitment to upholding sound corporate governance principles,” stated Collectors Universe’s Chief Executive Officer Michael Haynes. “As a matter of policy, we encourage our directors to participate in ISS certified director educational programs such as those offered by the Corporate Directors Group.”

Five other members of the Collectors Universe Board of Directors also are members of the Corporate Directors Group and participate in its ISS certified educational programs. (more…)

NEWPORT BEACH, Calif., Feb. 11 — Collectors Universe, Inc. , a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, diamonds and colored gemstones, today announced financial results for its second fiscal quarter of 2008 ended December 31, 2007.

For the second fiscal quarter of 2008, the Company reported net revenues of $10.0 million and a loss from continuing operations of $1.4 million, or $0.17 per diluted share. This compares to net revenues of $8.8 million and a loss from continuing operations of $180,000, or $0.02 per diluted share, for the second fiscal quarter of 2007. Revenues in the current second quarter benefited from $816,000 of product sales which are not an integral part of the Company’s on-going revenue generating activities. Results for the second quarter of fiscal 2008 include a charge of $822,000 to warranty expense related to the receipt of an unusually large number of grading warranty claims involving relatively high-value coins. (more…)

AGAIN REJECTS MILLER’S CLAIM TO STATUTORY DAMAGES OF $10.5 MILLION RULES THAT HE MUST PROVE DAMAGES AT TRIAL

NEWPORT BEACH, Calif., Feb. 5 /PRNewswire-FirstCall/ — Collectors Universe, Inc. (Nasdaq: CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, and dealers of diamonds and colored gemstones, reported that on February 1, 2008 the Appellate Court issued its second decision in the William Miller case — after considering Miller’s petition for rehearing — again ruling that, contrary to Miller’s assertions, he is not entitled to statutory damages of $10.5 million.

As previously reported, Miller argued that he was entitled, under California law, to statutorily prescribed damages of $750 for each alleged use of his name made by Collectors Universe without his consent and that, since Miller claims that his name appeared on 14,060 authentication certificates issued by Collectors Universe, he was entitled to statutory damages of $750.00 times 14,060, or approximately $10.5 million in total. (more…)