D.G. Jewellery to be Exclusive Jewelry Partner in Go2Net.com Marketplace.TORONTO--(BUSINESS WIRE)--March 12, 1999--D.G. Jewellery of Canada Ltd. (Nasdaq:DGJLF - news) one of North America's largest jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. manufacturers, today announced an agreement with Go2Net, Inc. (Nasdaq:GNET GNET Global Network of Environment and Technology GNET General Information Network GNET Gigabit Network ), http://www.go2net.com/, a network of branded, technology and community-driven Web-sites, establishing the jewelry manufacturer as the exclusive jewelry partner in the Go2Net.com Marketplace and on the Net Search front page. The Go2Net Network currently receives more than one million unique users per day. D.G. Jewellery will also be featured in the marketplace section of Go2Net's Silicon Investor (http://www.siliconinvestor.com/), the Web's premier on-line financial discussion site. Jack Berkovits, Chairman and 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. of D.G. Jewellery commented, "This is another step in the right direction towards accomplishing our stated goal of becoming the dominant online jewelry player. The Go2Net Network has established itself as one of the Internet's most popular destinations by offering the kind of products and services that foster trust and loyalty. We will continue to be selective in our partnership selections and we believe there are terrific synergies between what D.G. Jewellery and Xitejewelry.com offers and what users of the Go2Net Network have come to expect. I believe our bold E-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. initiatives will continue to benefit our shareholders as we capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the enormous popularity and growth of the Internet." Product categories will include rings, earrings, bracelets and pendants. Metals featured will include platinum, 18K, 14K and 10K gold and sterling silver. The jewelry will contain diamonds and precious and semi-precious stones semi-precious stone semi... n → Halbedelstein m . Prices will range from U.S. $30 dollars to U.S. $30,000 dollars. Terms of the agreement were not announced. D.G. Jewellery of Canada Ltd. is primarily engaged in the design, manufacture, merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. and distribution of stone-set jewelry for department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , mass merchants, catalogue showrooms, television shopping networks and other high volume retailers and other major discounters. The Company maintains a broad base of customers concentrated in six major jewelry segments: -0-
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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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