To: marquis103 who wrote (32582 ) 11/24/1999 10:20:00 AM From: Bram12345 Respond to of 108040
News out on DGJL: November 24, 1999 10:15 Jack Berkovits, D.G. Jewelry Inc. Chairman and Chief Executive Officer, Intends to Purchase up to $1,000,000 of the Company's Common stock Jump to first matched term TORONTO--(BUSINESS WIRE)--Nov. 24, 1999--D.G. Jewelry Inc., (Nasdaq:DGJL) one of North America's foremost jewelry manufacturers, today announced that Jack Berkovits, the Company's Chairman and Chief Executive Officer, intends to personally purchase shares of common stock of the Company in open market transactions. Mr. Berkovits advised the Company that he may purchase up to $1,000,000 of D.G. Jewelry Inc. common stock. Mr. Berkovits further advised the Company that he intends to make such purchases from time to time at prevailing market prices in the open market, in compliance with the restrictions and limitations of Rule 10b-18 of the Securities Exchange Act of 1934, and applicable Securities and Exchange Commission guidelines. Mr. Berkovits currently owns approximately 50% of the Company's outstanding common stock. D.G. Jewelry Inc. is primarily engaged in the design, merchandising and distribution of stone-set jewelry for major retailers including department stores, mass merchants, shopping networks, major high-volume retailers and other major discounters in the U.S., Canada and Europe. For more information please visit us at www.dgjewellery.com. This press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of D.G. Jewelry Inc. CONTACT: D.G. Jewelry Inc. Jack Berkovits, 416/665-8784