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Article: DGSE Companies, Inc. Announces Sale of Its Two Pawnshops in Dallas, Texas; Renewal and Extension of Credit Facility with Primary Bank.
- Article from:
- Business Wire
- Article date:
- June 26, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS -- DGSE Companies, Inc. (NYSE Amex: DGC), which wholesales, retails and auctions fine watches, jewelry, diamonds and precious metal and rare coin products via traditional and Internet channels, today announced that it sold its two pawnshops in Dallas, Texas in an all cash transaction (approximately $1.3 million). In addition, the company said that it has renewed both revolving and term credit facilities with its primary bank.
"We are pleased to have been able to sell our two pawnshops in an attractive all cash transaction for almost 62 percent of total 2008 total revenues for this activity," noted William H. Oyster, President and Chief Operating Officer of ...
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