ecember 30, 1998 08:16
D.G. Jewellery to Go On-Line; Web-Site to be Ready February 1, 1999
Jump to first matched term
TORONTO--(BUSINESS WIRE)--Dec. 30, 1998--D.G. Jewellery of Canada, Ltd. (Boston Stock Exchange:DGJ) (Nasdaq:DGJLF)
has announced successful completion of plans to market its fine jewelry products on-line. The Company has formed a special
task force to create the finest web-site for the purpose of marketing its products via E-commerce. Daniel P. Berkovits, B.A.,
M.S., has been hired from Scotia, McLeod, one of Canada's leading investment banks to head up the project. Daniel P.
Berkovits, is the son of Jack Berkovits, CEO of D.G. Jewellery. Daniel Berkovits commented, "I am enthused about our
Company's prospects on the Web. This is the future of retailing and I believe we have the products, people and technological
know-how to become the Amazon.com of the jewelry industry. We intend to be on-line by the end of January and hope soon
to make further announcements about the availability of our Company's offerings on other well-known web-sites."
Jack Berkovits, CEO of D.G. Jewellery, Ltd. added, "We have proven our ability to grow our business profitably for over thirty
years. In the last five years, we have penetrated successfully the huge U.S. and world markets. We expect to close fourth
quarter 1998, on the same positive note as the first three-quarters with record sales and profits." Forrester Research Institute,
Cambridge, Massachusetts predicts Internet sales of jewelry will be amongst the fastest growing commodity on the web,
increasing 140% by the year 2000. "We believe the potential for Internet sales is staggering and particularly appropriate for
jewelry, where credibility is critical. We intend to take full advantage of this opportunity to become the on-line leader in our
field."
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 four major jewelry segments:
i) department stores such as J.C. Penney and Saks Fifth Avenue
ii) specialty markets such as, QVC Inc., Home Shopping Network, Value
Vision International, Shop at Home, QVC England, QVC Germany and
The Shopping Channel (Canada)
iii) jewelry chain stores such as Zales, Gordons, Friedmans and others
iv) mass merchandisers such as Wal-Mart and Zellers
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 |
