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DALLAS GOLD & SILVER EXCHANGE INC. ANNOUNCES RECORD REVENUES FROM CONTINUING OPERATIONS FOR FIRST HALF OF 1993

 DALLAS, July 15 /PRNewswire/ -- Dallas Gold & Silver Exchange Inc. (AMEX: DLS.EC) announced today that sales for the first half increased by a record 42 percent over the year-earlier period. Sales for the period ended June 30, 1993, grew to $7,301,221 from $5,144,815 for the six-month period of 1992. Operating earnings for the period were $84,152, or .02 per share, vs. a loss of $27,594 for the year-earlier period. For the second quarter sales were up 20 percent, and the loss was $9,877 vs. income of $9,526 for the year-earlier period. Management said that the significant advance in volume is largely attributable to the favorable price action of the precious metals and that a continuation of the trend will have a positive impact on future operating results. Management further said that DLS's role as a major precious metals dealer puts it in a unique position to enjoy the benefits of the recent increased interest in gold and silver.
 DLS buys and sells all recognized precious metals products, jewelry and fine watches to and from dealers nationwide. In addition, DLS trades precious metals products, jewelry and fine watches with thousands of retail customers through its "Superstore" in Dallas.
 DALLAS GOLD AND SILVER EXCHANGE INC. AND SUBSIDIARY
 Condensed Consolidated Statement of Operations (Unaudited)
 Six Months Ended
 June 30,
 1993 1992
 Revenues:
 Sales $7,266,249 $5,105,989
 Pawn service fees 22,820 24,577
 Interest income 12,152 13,599
 Other income 0 650
 Total 7,301,221 5,144,815
 Costs and expenses:
 Cost of sales (exclusive of
 items shown separately below) 6,371,594 4,398,363
 General and administrative expenses 762,329 675,849
 Depreciation and amortization 35,926 54,921
 Interest expense 47,220 43,276
 Total costs and expenses 7,217,069 5,172,409
 Net income (loss) $84,152 ($27,594)
 Income (loss) per share of
 common stock $.02 (a)
 (a) Less than $.01 per share.
 DALLAS GOLD AND SILVER EXCHANGE INC. AND SUBSIDIARY
 Condensed Consolidated Statement of Operations (Unaudited)
 Three Months Ended
 June 30,
 1993 1992
 Revenues:
 Sales $2,909,126 $2,425,664
 Pawn service fees 10,455 11,961
 Interest income 5,130 8,318
 Other income 0 0
 Total 2,924,711 2,445,943
 Costs and expenses:
 Cost of sales (exclusive of
 items shown separately below) 2,502,109 2,061,138
 General and
 administrative expenses 389,371 326,067
 Depreciation and amortization 17,114 27,800
 Interest expense 25,994 21,412
 Total costs and expenses 2,934,588 2,436,417
 Net income (loss) ($9,877) $9,526
 Income (loss) per share
 of common stock (a) (a)
 (a) Less than $.01 per share.
 -0- 7/15/93
 /CONTACT: William Oyster, president of Dallas Gold & Silver Exchange, 800-527-5307/
 (DLS)


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

MF-LS -- LA005 -- 1878 07/15/93 11:01 EDT
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Date:Jul 15, 1993
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