Press Releases
Superior Galleries Announces Presentation At Roth Capital Growth Stock Conference
Beverly Hills, California - (Business Wire) - February 16, 2005 - Superior Galleries, Inc. ("Superior") (
OTC Bulletin Board: SPGR) today announced that it will present a company update at the Roth Capital Partners 17th
Annual Growth Stock Conference, being held February 21-23, 2005 at the St. Regis Monarch Beach Hotel, One Monarch
Beach Resort, Dana Point, California.
Superior Galleries' presentation will take place at 5:00 p.m. PST on Wednesday, February 23, 2005. To
register for this invitation-only conference, please contact your Roth sales representative at 800-678-9147.
To schedule a one-on-one meeting with Company management, please contact Sean Collins of CCG Investor
Relations at 818-789-0100; media representatives, please contact Valerie Bent at 702-270-9696.
Silvano DiGenova, Chairman and CEO of Superior Galleries, said, "This is a wonderful opportunity
to present our investment highlights to investors who may not be familiar with our company. We
believe that our unique expertise, track record and customer-friendly policies and technologies
in rare coin collecting and trading will hold a great deal of interest for the sophisticated
investors who attend this exciting conference."
On January 24, 2005, Superior Galleries reported its fourth consecutive quarter of record
revenues. The Company recorded revenues of $8.4 million for its fiscal 2005 second quarter,
ended December 31, 2004, an increase of $3.2 million, or 63%, from $5.2 million for the three
months ended December 31, 2003. Similarly, the Company recorded revenues of $17.7 million for
the first six months of fiscal 2005, an increase of $6.6 million, or 60%, from $11.1 million
for the six months ended December 31, 2003.
The Company's quarterly net loss narrowed to $130,000 or $0.03 per share for the second quarter
of fiscal 2005 versus a $479,000 or $0.11 per share, loss for the prior-year quarter. For the
six months ended December 31, 2004, the Company recorded a net loss of $5,000, or $0.00 per
share, versus a loss of $544,000, or $0.14 per share, in the comparable period of fiscal 2004.
The Roth conference will feature more than 220 leading growth companies in sectors such as
Consumer Products, Technology, Healthcare, and Financial Services. A concentrated, two-day
program will allow institutional investors to meet the executives from a select group of
companies that have been hand-picked by the Roth Capital Partners research team.
About Roth Capital Partners
Roth Capital Partners, LLC, is a full service investment bank serving corporate and
institutional clients throughout the world. Based in Newport Beach, Calif. and with
offices in strategic locations in the Western U.S., it offers a wide array of investment
banking services including: initial public offerings, follow-ons, PIPEs, private placements,
mergers and acquisitions, investment research, and institutional sales and trading. The
firm is perhaps best known for finding, funding and fostering the growth of emerging
companies. Visit the Roth Capital Partners website at http://www.rothcp.com/ .
About Superior Galleries
Superior Galleries, Inc. is a publicly traded company, acting as a dealer and auctioneer
in rare coins and other fine collectibles. The firm markets its products through its
prestigious location in Beverly Hills, California and the company's web site at www.sgbh.com.
Included in this release are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including express and implied statements concerning
future revenues, income, results of operations, expansion plans and expectations.
Although the company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that the expectations reflected in
such forward looking statements will prove to have been correct. These forward-looking
statements are subject to certain risks and uncertainties, including market and other
conditions that may affect our ability to expand our auction and dealer activities and
control our operating costs. The company's actual results could differ materially from
those anticipated in the forward looking statements as a result of certain factors
including sales levels, operating costs, distribution and competition trends, consumer
preferences and other market factors. Past sales performance may not be indicative of
future results. No assurances are given that sales trends or sales performance on behalf
of consignors or customers will continue.
Contact:
Superior Galleries, Inc., Beverly Hills
Paul Biberkraut, 310-203-9855
paulb@sgbh.com
or
Investor Relations Contacts:
CCG Investor Relations
Sean Collins, Partner, at 818-789-0100
or
Howard Gostfrand
American Capital Ventures, Inc.
2875 N.E. 191st Street
Suite 512
Aventura, FL 33180
(305) 918-7000
www.amcapventures.com
hg@amcapventures.com
|