GNET GREAT NEWS:
D.G. Jewellery to be Exclusive Jewelry Partner in Go2Net.com Marketplace
TORONTO--(BUSINESS WIRE)--March 12, 1999--D.G. Jewellery of
Canada Ltd. (Nasdaq:DGJLF - news) one of North America's largest
jewelry manufacturers, today announced an agreement with Go2Net, Inc.
(Nasdaq:GNET), go2net.com, a network of branded,
technology and community-driven Web-sites, establishing the jewelry
manufacturer as the exclusive jewelry partner in the Go2Net.com
Marketplace and on the Net Search front page. The Go2Net Network
currently receives more than one million unique users per day.
D.G. Jewellery will also be featured in the marketplace section of
Go2Net's Silicon Investor (http://www.siliconinvestor.com/), the Web's
premier on-line financial discussion site.
Jack Berkovits, Chairman and CEO of D.G. Jewellery commented,
"This is another step in the right direction towards accomplishing our
stated goal of becoming the dominant online jewelry player. The Go2Net
Network has established itself as one of the Internet's most popular
destinations by offering the kind of products and services that foster
trust and loyalty. We will continue to be selective in our partnership
selections and we believe there are terrific synergies between what
D.G. Jewellery and Xitejewelry.com offers and what users of the
Go2Net Network have come to expect. I believe our bold E-commerce
initiatives will continue to benefit our shareholders as we capitalize
on the enormous popularity and growth of the Internet."
Product categories will include rings, earrings, bracelets and
pendants. Metals featured will include platinum, 18K, 14K and 10K gold
and sterling silver. The jewelry will contain diamonds and precious
and semi-precious stones. Prices will range from U.S. $30 dollars to
U.S. $30,000 dollars.
Terms of the agreement were not announced.
D.G. Jewellery of Canada Ltd. is primarily engaged in the design,
manufacture, merchandising and distribution of stone-set jewelry for
department stores, mass merchants, catalogue showrooms, television
shopping networks and other high volume retailers and other major
discounters.
The Company maintains a broad base of customers concentrated in
six major jewelry segments:
*T
i) Internet retailers, auctioneers and other web merchants
ii) department stores such as J.C. Penney and Saks Fifth Avenue
iii) specialty markets such as, QVC Inc., Home Shopping Network,
ValueVision International, Shop at Home, QVC England, QVC Germany
and The Shopping Channel (Canada)
iv) jewelry chain stores such as Zales, Gordons, Friedmans and others
v) mass merchandisers such as Wal-Mart and Zellers
vi) with USA acquisitions in fold, D.G. Jewellery is increasingly
exporting to the USA and demonstrating its ability to "deliver
the goods"
Except for the historical information contained herein the
matters discussed in this press release include forward-looking
statements that may involve a number of risks and uncertainties.
Actual results may vary significantly based on a number of factors,
including, but not limited to, risks in product demand, the impact of
competitive products and pricing, changing economic conditions, both
here and abroad, release and sales of new products, and other risk
factors detailed in the Company's most recent annual report, and
filing with the Securities and Exchange Commission.
CONTACT:
Consulting for Strategic Growth, Ltd.
Stanley Wunderlich, 516/625-4523
From USA & Canada 800/625-2236
cfsg@iname.com
or
D.G. Jewellery of Canada Ltd.
Jack Berkovits or Gary Davis, 416/665-8844
Canada 800/387-3756
From USA 800/345-9579
dgjewel@aol.com
dgjewellery.com
KEYWORD: NEW YORK
BW1109 MAR 12,1999
6:31 PACIFIC
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