DGSE Companies mulls hive-off, shareholder value enhancement

28 Sep '05

1 min read

DGSE Companies Inc, which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels, operates two consumer pawn operations in Dallas, Texas, and three American Pay Day Centers in New Mexico, announced that it had retained the Dallas investment banking firm of Southwest Securities Inc to explore strategic alternatives to enhance shareholder value, which may include the possible sale of the Company.

“They are pleased to announce that they have engaged Southwest Securities, a member of the New York Stock Exchange, to help us find comprehensive ways to increase shareholder value,” said William H. Oyster, President and Chief Operating Officer of DGSE Companies Inc. Oyster continued, “They believe that publicly traded securities do not reflect the inherent value of the Company's activities. The engagement of Southwest Securities will give us an opportunity to professionally examine a range of short-term and long-term possibilities.”

Dallas based DGSE Companies Inc is engage in to wholesales and retails jewelry, diamonds, fine watches, precious metal bullion and rare coin products to domestic and international customers via traditional and Internet channels.

DGSE Companies Inc

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