uBID Selects D.G. Jewellery as Exclusive Jewelry Supplier
biz.yahoo.com
TORONTO--(BUSINESS WIRE)--March 30, 1999--D.G. Jewellery of Canada Ltd. (Nasdaq:DGJL-news), one of North America's foremost jewelry manufacturers, has today announced that it has been selected as the exclusive supplier for uBID's (Nasdaq:UBID - news) new Jewelry Auction Boutique.
The new jewelry auction is scheduled to be on-line in April 1999.
Jack Berkovits, Chairman and CEO of D.G. Jewellery stated: ''This is a milestone agreement for our company and will place our product in full view of millions of potential customers. In our opinion this deal has immense potential and we are gearing up production capacity to meet the expected demand. We are confident in our abilities to successfully meet this challenge. We are extremely proud of our newest relationship with uBID and we believe that this in conjunction with previously announced agreement with Bid.com (TSE:BII - news), Lycos (Nasdaq:LCOS - news), Go2Net (Nasdaq:GNET - news) and Shop At Home (Nasdaq:SATH - news) will serve to greatly enhance shareholder value.''
''Trends prove that consumers are demanding a wider variety, said Greg Jones, President and CEO of uBID, Inc. (Nasdaq:UBID - news). We are very excited about our new jewelry category and our relationship with D.G. Jewellery.''
Product categories will include rings, earrings, bracelets, pendants, watches and loose stones. Metals to be featured will be platinum, 18k, 14k, and 10k gold, as well as sterling silver. The jewelry will contain diamonds, precious and semi-precious stones.
ABOUT uBID
UBID is a leading on-line auction house that offers consumers and small-to-medium-sized businesses excess, refurbished, closeout and limited edition merchandise through live-action bidding. The company's Internet auctions feature a rotating selection of brand name computer, consumer electronics, home/leisure and sports/fitness products.
uBID is committed to providing customers with the highest quality auction experience on the Internet and offers expended service plans on many products. UBID also meets Better Business Bureau on-line standards. UBID, with headquarters in Illinois, is a publicly traded company and a subsidiary of Creative Computers (Nasdaq:MALL-news). For more information, see the company's Web-site at www.ubid.com or on AOL at Keyword: UBID.
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:
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.
How many "exclusive" agreements can they have. Sooner or later the I-Net companies are going to wonder why they got into such "exclusive" agreements, when D.G. is signing on with everyone.
John |
