To: MYRED who wrote (257 ) 4/28/1999 12:08:00 PM From: Curious Gamble Respond to of 339
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