Press Releases
Superior Galleries Announces Supplier Agreement With Stanford Coins & Bullion
Beverly Hills, California - May 19, 2005 - Superior Galleries, Inc. (OTC Bulletin Board: SPGR) announced today that its has entered into a primary supplier agreement with Stanford Coins & Bullion, the rare coin and bullion retail unit of Superior's principal shareholder, Stanford Financial Group. The agreement, which will go into effect on June 1, 2005, also calls for a series of joint marketing efforts and internet initiatives to be undertaken by the companies.
Silvano DiGenova, CEO of Superior Galleries, said, "We are excited about our strategic alliance with Stanford Coins & Bullion. We anticipate that our new primary supplier arrangement will leverage many of the core strengths within both organizations. We have a long-running history as rare coin traders and we believe that we have one of best numismatic teams to source unique product at advantageous prices. Stanford Coins & Bullion has assembled an outstanding sales force that has created strong interest in rare coins within its growing retail customer base. As part of our agreement, we will be partnering to develop and implement marketing strategies to grow both companies' customer bases. Stanford Coins & Bullion's customers will also have preferred access to Superior's auction house both as consignors and as customers."
Joseph Frisard, President of Stanford Coins & Bullion, commented, "We believe that our expanded relationship with Superior Galleries will allow us to provide even better value and service to our customers as a result of Superior's knowledge of and access to rare coins Superior's auction operations will also help our clients by providing liquidity for their coin portfolios and access to additional coins. Moreover, we believe that our joint marketing efforts with Superior will improve our potential in attracting new customers and to sell more valuable coins to our existing customer base. We believe the synergies resulting from this alliance will provide significant benefit to both companies."
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 sgbh.com.
Stanford Coins & Bullion is a member of the Stanford Financial Group, an international network of affiliated companies that together form a powerful resource of financial services. Located in Metairie, Louisiana, the company markets its products through its retail sales force and the company's web site.
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 growth potential, future revenues, income and results of operations. 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 and risks identified in our SEC filings. 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, California
Paul Biberkraut 310-203-9855 or paulb@sgbh.com
www.sgbh.com
Investor Relations Contacts:
CCG Investor Relations
Sean Collins, Partner, at 818-789-0100
www.ccgir.com
American Capital Ventures, Inc.
Howard Gostfrand, President, at 305-918-7000 or hg@amcapventures.com
www.amcapventures.com
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