DGSE Companies, Inc. Completes Its Move to New 20,000 Square Foot Corporate Headquarters
DALLAS–(BUSINESS WIRE)–DGSE Companies, Inc. (AMEX:DGC), which buys and sells and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels, today announced it has completed the move of all of its Dallas retail and wholesale operations and corporate headquarters to new 20,000 square foot facilities in Dallas, Texas.
The sale of its former facilities, the purchase of the new facilities, the remodeling of all structures and the move were completed by the company on time and on budget with little disruption of operations.
William Oyster, President of DGSE, said, “The move to the new facilities allows us to consolidate our activities in a much larger site with state-of-the-art technology infrastructure… providing opportunities for increased efficiency and effectiveness for our customers. We are very excited about this facility and our customers have responded with equal enthusiasm. Our much larger showroom and headquarters provides capacity to expand our robust precious metals, rare coin, fine watch and jewelry activities. Last year’s introduction of American Gold & Silver Exchange, Superior Estate Buyers and Superior Precious Metals, expanded DGSE’s presence into new operational and geographical areas and these activities and a host of new initiatives promise to make 2008 and exciting year for the Company.”
DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries and well as through the Internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Dallas and Euless, Texas; Charleston, South Carolina; and Beverly Hills, California, the Company operates live Internet auctions which can be accessed at www.dgse.com. Through Superior Galleries’ at www.sgbh.com, the Company provides a host of services to collectors and investors in rare coins and precious metals including Internet auctions, information about its live auctions and a complete inventory of rare coins and related products. Real-time price quotations and real-time order execution in precious metals are available at www.USBullionExchange.com and www.SuperiorPreciousMetals.com. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites and through www.SuperiorEstateBuyers.com. The Company also makes collateralized consumer loans at two National Pawn locations in Dallas, Texas.
The Company is headquartered in Dallas, Texas and its common stock trades on The American Stock Exchange under the symbol “DGC.”
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