DGSE Companies, Inc. Relocates Corporate Offices
DGSE Companies, Inc. Relocates Corporate Offices
New Location Facilitates Consolidation of Subsidiary Headquarters and Corporate Personnel
DALLAS--(BUSINESS WIRE)-- DGSE Companies, Inc. (NYSE MKT: DGSE), a leading wholesaler and retailer of jewelry, diamonds, fine watches, and precious metal bullion and rare coin products, announced today the relocation and consolidation of all corporate operations, including multiple branch headquarters and personnel, into a single national headquarters, located in Dallas, Texas.
Effective today, DGSE Companies, Inc. is based at 15850 Dallas Parkway, Suite 140, Dallas TX 75248. The area, along with neighboring Addison, is home to hundreds of businesses and within miles of international headquarters of Fortune 500 companies such as Texas Instruments, Celanese, Dr. Pepper Snapple Group, Atmos Energy and others. DGSE's new headquarters is less than one mile from Addison Airport, the third-largest general aviation airport in the nation, and just 20 miles to D/FW International Airport.
The relocation combines central operations of the Company's Southern Bullion Trading Company business, which was acquired in September of 2011 and previously based in Addison, with DGSE's legacy operations, which were previously based in northwest Dallas. The combined headquarters will centralize management of all of DGSE retail and internet operations, including:
- American Gold & Silver Exchange
- Bullion Express
- Charleston Gold & Diamond Exchange
- Dallas Gold & Silver Exchange
- Fairchild International
- Southern Bullion Trading Company
- US Bullion Exchange
DGSE Companies has leased approximately 4,500 sq. ft. of space at the headquarters of strategic partner and majority shareholder, Elemetal, LLC ("Elemetal").
"Our consolidation and relocation efforts have been underway for over a year and we're extremely pleased to finalize the process," stated DGSE Companies' President and CEO, Jim Vierling. "We anticipate a significant number of improvements in efficiencies across all corporate departments and we look forward to supporting our 34 - soon to be 37 - retail locations more effectively from this new central location. We're also confident that this proximity to Elemetal's senior leadership will further enhance our ability to continue leveraging this relationship going forward."
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.
DGSE Companies, Inc.
Jim Vierling, CEO, 972-484-3662
KEYWORDS: United States North America Texas
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