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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (8727)	2/4/1999 1:21:00 PM
From: Syl98	Read Replies (1) \| Respond to of 37507

PRESS RELEASES!!! D.G. Jewellery to Apply for Nasdaq National Market Listing TORONTO--(BUSINESS WIRE)--Feb. 4, 1999--D.G. Jewellery of Canada Ltd. (Nasdaq:DGJLF - news) has announced that is has commenced the process to have its securities listed on the NASDAQ National Market System. The shares are currently listed on the NASDAQ SmallCap Market. D.G. Jewellery believes that it meets all criteria for National Market listing, including: (i) Net Tangible Assets exceeding US $6.0 million, (ii) Pre-tax income for fiscal 1997 exceeding US $1.0 million, (iii) Public float exceeding US $8.0 million and, (iv) Shareholders exceeding 400 in number. With the company's share price closing above $5.00 for three consecutive weeks, currently trading in the $7 range with average daily volume at almost 60,000 shares, D.G. Jewellery is confident that its application will be approved. The application review process normally takes six to eight weeks. Jack Berkovits, President and CEO noted: ''We believe that our shareholders will be well served by National Market Listing. Since listing of our shares in April 1997, we have made major strides in revenue growth and earnings. Our core business has continued to improve while our acquisitions have been digested and are showing positive contributions to top and bottom lines. Our recently announced joint venture with Perfumania (Nasdaq:PRFM - news) www.perfumania.com will add further market awareness to the benefit of all our shareholders. Our Internet task force, headed by Daniel P. Berkovits, has begun to contribute and with the recently announced venture with Bid.Com International (TSE:BII - news) and with other projects currently in the works, we hope to benefit from the staggering potential which this new medium provides. We believe that National Market is where we truly belong and by so listing our shares will become eligible for inclusion in many large and institutional portfolios precluded from participating in Small Cap Listings.'' 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, ValueVision 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. Public Relations Corporate Development Consultants Stanley Wunderlich, 516/625-4523 From USA & Canada 800/625-2236 cfsg @ iname.com or D.G. Jewellery of Canada Ltd. Jack Berkovits C.E.O. or Gary Davis C.F.O., 416/665-8844 Canada 800/387-3756 From USA 800/345-9579 dgjewel @ aol.com dgjewellery.com