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DALLAS GOLD & SILVER EXCHANGE ANNOUNCES RECORD REVENUES FOR 3RD QUARTER AND 9 MONTHS; COMPLETION OF CARDIODYNAMICS INT'L. CORP. TRANSACTION

 DALLAS, Oct. 20 /PRNewswire/ -- Dallas Gold & Silver Exchange Inc. (AMEX: DLS.EC) announced today that revenues for the nine months ended Sept. 30 reached a record $10,747,263. This result represents a 39 percent increase over the $7,763,170 produced in the nine-month period for 1992. For the third quarter sales grew to $3,446,042 from $2,604,355 in the third quarter of 1992. Third quarter revenues increased by 32 percent. Net income for the nine months was $53,374 vs. a loss of ($70,398) for the comparable period in 1992. For the typically slower third quarter the company reported that its net loss declined from ($56,804) in 1992 to ($30,778) in 1993. Management said that it is in the best position in the company's history for the strong Christmas selling season with expectations of record revenues and earnings for the quarter and year.
 Management also announced that DLS's previously disclosed participation in the reorganization of CardioDynamics International Corp. (formerly BOMED Medical Manufacturing Ltd.) had been approved by the Bankruptcy Court on Oct. 18, 1993. As a result of its participation, DLS will now own 9.9 percent of a leading manufacturer of proprietary non-invasive cardio-vascular monitoring equipment. This investment in a public enterprise with high growth potential is a continuation of the company's activities as an advisor and participant in third-party enterprise restructuring. It is the intention of management to formalize these activities with the formation of DLS Financial Services. This entity will be managed by the company's Chairman, Dr. L.S. Smith, and will provide fee based services to companies contemplating or involved in the reorganization process with a primary emphasis on insolvency related matters. Dr. Smith, who holds three master's degrees and a doctorate in Management, has extensive experience in the restructuring and insolvency areas -- having served as a retained professional or participant in over 40 transactions since 1978 and in other corporate finance areas since 1970. Where appropriate DLS will directly participate in the restructuring process and receive fees and equity ownership interests in entities successfully restructured. It is the intention of management of DLS to diversify the company's assets and, where appropriate in the future, to distribute securities of reorganized entities to its shareholders in the form of dividends. During 1993 the company completed participation in three successful restructuring transactions.
 DALLAS GOLD AND SILVER EXCHANGE INC.
 Consolidated Operating Statement


Three Months and Nine Months Ended Sept. 30, 1993, and Sept. 30, 1992
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues:
 Sales $3,194,700 $2,584,770 $10,039,752 $7,690,759
 Travel agency
 sales $240,638 $661,835
 Pawn service
 charges $10,390 $11,875 $33,210 $36,452
 Interest income $314 $1,710 $12,466 $29,309
 Other income $0 $6,000 $6,650
 Total
 revenue $3,446,042 $2,604,355 $10,747,263 $7,763,170
 Costs and
 expenses:
 Cost of sales
 (exclusive of
 items shown
 separately
 below) $3,054,786 $2,275,227 $9,426,380 $6,673,590
 General and
 administra-
 tive $376,260 $344,213 $1,138,589 $1,020,062
 Depreciation $18,635 $23,685 $54,561 $78,606
 Interest
 expense $27,139 $18,034 $74,359 $61,310
 Total
 expenses $3,476,820 $2,661,159 $10,692,889 $7,833,568
 Net income
 (loss) ($30,778) ($56,804) $53,374 ($70,398)
 Income (loss)
 per share ($0.01) ($0.01) $0.01 ($0.01)
 -0- 10/20/93
 /CONTACT: William Oyster, president of Dallas Gold and Silver Exchange, 800-527-5307/
 (DLS)


CO: Dallas Gold and Silver Exchange Inc. ST: Texas IN: SU: ERN

JB-LM -- LA005 -- 4450 10/20/93 10:00 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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