From CSW:
(Applies to: BIDS AMZN SATH LCOS)
D.G. Products to be Featured on Egghead.com
TORONTO (April 28) BUSINESS WIRE -April 28, 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
a primary supplier for Egghead.com's (Nasdaq:EGGS - news) Jewelry
Auction Category. The new jewelry auction is scheduled to be on-line in
May 1999.
Jack Berkovits, Chairman and CEO of D.G. Jewellery stated: "This is a
landmark agreement for our company and will place our product in full
view of millions of potential customers. We have exceeded our
expectations for Internet sales to date, and we expect on-line sales to
be a major contributor to revenues going forward. We are extremely
proud and excited of our newest relationship with Egghead.com and we
believe that this in conjunction with previously announced agreements
with Bid.com (Nasdaq:BIDS), Lycos (Nasdaq:LCOS), Amazon.com
(Nasdaq:AMZN) and Shop At Home (Nasdaq:SATH) will cement us as the
preeminent on-line jeweler and will serve to greatly enhance
shareholder value."
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.
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.
-0- slb/clv*
CONTACT: Consulting for Strategic Growth, Ltd.
Stanley Wunderlich, 516/625-4523
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