D.G. Jewelry Ltd. Announces Agreement With AOL.TORONTO, CANADA--(BUSINESS WIRE)--July 29, 1999-- XiteJewelry.com to be Gold Tenant in Shop@AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Online Shopping Destination D.G. Jewelry Ltd. (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 : DGJL), a designer, merchandiser and distributor of stone-set jewelry, announced today that it has signed an agreement with America Online See AOL. (NASDAQ: AOL), http://www.aol.com, the world's leading interactive service, to offer its line of jewelry products to AOL members through its XiteJewelry.com subsidiary. XiteJewelry.com, http://www.xitejewelry.com, will become a Gold tenant in the Jewelry and Watches area of the Shop@AOL, Shop@AOL.com, Shop@CompuServe and Shop@Netscape online shopping destinations and will also be accessible to AOL members through the keyword XiteJewelry. XiteJewelry.com offers a variety of jewelry on the site, including gems, diamonds, gold jewelry, watches, rings, necklaces, earrings and pendants. XiteJewelry.com currently possesses one of the largest selections of competitively-priced jewelry on the Internet. The site will feature unique functions such as the ability for customers to design their own jewelry. Jack Berkovits, chairman, 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. of D.G. Jewelry Ltd., said, "Since we launched XiteJewelry.com in early July, with little publicity, Internet sales have steadily increased. With this link in the Jewelry and Watches area of Shop@AOL, we expect traffic and sales to grow exponentially. We are extremely excited about our relationship with AOL and view it as a significant growth opportunity." "Our goal is to bring our members the best brands and merchants from both the online and offline worlds as we take online shopping to a whole new level through our Shop@AOL online shopping destinations," said Greg Shove, AOL vice president for Interactive Marketing. "We are pleased to be able to offer XiteJewelry.com's wide variety of jewelry to AOL and CompuServe members and visitors to AOL.com and Netscape Netcenter." D. G. Jewelry Ltd. (formerly D.G. Jewellery of Canada Ltd.) 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. The company maintains a broad base of customers concentrated in five major jewelry segments: Internet retailers, auctioneers and other web merchants; Department stores such as J.C. Penney and Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New ; Specialty markets such as QVC QVC Quality Value Convenience QVC Question Valid Command Inc., Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , ValueVision International, Shop at Home, QVC England, QVC Germany and The Shopping Channel Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
Except for the historical information contained herein the matters discussed in this release include forward-looking statements 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 filings with the Securities and Exchange Commission. |
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