D.G. Jewelry Inc. Secures Renewal of Major Financing; Scotiabank Provides Cdn$32 Million Working Capital Facility.Business Editors Toronto--(BUSINESS WIRE)--July 19, 2001 D.G. 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. Inc. (Nasdaq:DGJL), D.G. Jewelry Inc., one of North America's leading designers, manufacturers and distributors of stone-set jewelry, today announced that the Bank of Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography has provided a renewal of D.G. Jewelry Inc.'s credit facility with the Bank of Nova Scotia. Jack Berkovits, President 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. , commented: "We are pleased that our long-term bankers continue to show confidence in our Company with this further extension of our Cdn$32 million (approximately US$20 million) credit facility. We are happy that our bankers continue to show faith in our ability to grow profitably, even as general economic conditions indicate lackluster prospects throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." D.G. Jewelry Inc. is primarily engaged in the design, merchandising 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, catalog showrooms, television shopping networks and other high-volume retailers and other major discounters in the U.S., Canada and Europe. For more information, please visit us at www.dgjewelry.com. Except for the historical information contained herein, the matters discussed in this 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, changing retail economic conditions, reliance on major accounts, bank ongoing assessment of general economic conditions including those specific to the jewelry industry, and other risk factors detailed in the company's most recent annual report and filings with the Securities and Exchange Commission. |
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