Collectors Universe Guarantees Dealer Transactions Up to $10,000.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--June 29, 2000 Collectors Universe, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLCT CLCT Calcite (lithological term) ; www.collectors.com) announced today that effective immediately all transactions originating on its Internet sites (www.collectors.com) along with any transactions conducted by any member of its recommended dealer network would be guaranteed up to $10,000. The guarantee states that the product purchased will be delivered in a timely fashion and if any item is returned by a dissatisfied buyer, a full refund of the purchase price will be made promptly or Collectors Universe will reimburse the buyer up to $10,000 per transaction. For members of the Collectors Universe Recommended Dealer Network, the $10,000 guarantee applies to all transactions a buyer conducts whether at the Collectors Universe sites, at the dealer's own web site, or at any other web site. Collectors Universe CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , David Hall David Hall may refer to:
"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. the difference between our Recommended Dealers and the fly-by-nighters. So we're using our position in the marketplace to give the reputable dealers our third-party endorsement and to lead newcomers to the good guys. Our Recommended Dealers will pay us a modest monthly fee for participation in our network. It's a concept where everyone wins and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , the collectibles market becomes safer for all the new people that are getting interested in collectibles because of the Internet." Collectors interested in the Collectors Universe Recommended Dealer Network can see a list of the Recommended Dealers by going to www.collectors.com and clicking on "Dealers." Collectors can find out about the $10,000 Transaction Guarantee or report any problems with a Recommended Dealer by clicking on the "Collectors Recommended $10,000 Guarantee" icon. About Collectors Universe Collectors Universe is the world's leading provider of grading and authentication services to the collectibles markets and one of the world's leading multi-market, multi-venue (Internet, telephone, and live) collectibles commerce providers. Collectors Universe grading and authentication services are an essential component of collectibles commerce and make sight-unseen collectibles e-commerce possible. Collectors Universe markets its online services through its own website (www.collectors.com) and co-branded sites with eBay (example: www.collectors.com/psa/ebay.) To date Collectors Universe has graded and authenticated 8.5 million coins, sportscards, stamps, and autographs with a total declared value of over $9 billion dollars. Collectors Universe market leading, dominant grading brands include PCGS PCGS Professional Coin Grading Service PCGS Placer County Genealogical Society (California) (Professional Coin Grading Service The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. ) and PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. (Professional Sports The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Authenticator). Collectors Universe market leading, dominant collectibles commerce brands include Bowers and Merena (Coins), Lyn Knight Currency Auctions, and Good Rockin' Tonight (rare records). Collectors Universe auction companies hold numerous price records including; the highest price for a collectible sold on the Internet ($264,000), the highest total for a coin auction ($20,400,000), the highest price paid for a rare coin ($4,140,000), the highest total for a currency auction ($6,500,000), and the highest price paid for a record ($38,500). The Collectors Universe award winning websites currently have 543,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. and over 6 million page views per month. This news release contains forward-looking statements that involve risks and uncertainties, including, but not limited to: acceptance by the collectibles market, our company's limited operating history, potential fluctuations in quarterly operating results, seasonality, competition, a possible decline in the popularity and realized selling prices of some high-end collectibles, the limited availability of high-end collectibles and the risk that Internet based e-commerce providers could make exclusive arrangements with our competitors or other service providers. Certain of these risks and uncertainties, in addition to other risks, are more fully described in our Prospectus dated November 4, 1999, which was part of our Registration Statement on Form S-1 filed with the Securities and Exchange Commission and the company's Form 10-Q Form 10-Q See 10-Q. for the first, second, and third fiscal quarters ended October 2, 1999, January 1, 2000, and April 1, 2000, respectively. |
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