DGSE Companies, Inc. Announces Opening of First "National Pawn" Location in Dallas, Texas.

DALLAS -- DGSE Companies, Inc. (Nasdaq:DGSE), which wholesales, retails and auctions fine watches, jewelry, diamonds and precious metal and rare coin products via traditional and Internet channels and makes consumer loans through pawnshops in Dallas, Texas and Pay Day stores in New Mexico announced the expansion of pawn activities in the Dallas Market.

DGSE announced that it had opened a new 4700 square foot pawn facility on Harry Hines Blvd. in Dallas, Texas. In addition, DGSE announced that Scott Mosely, former Chief Executive Officer of 24 Hour Pawn, Inc. had joined the company to manage the new location and to guide the expansion of the company's pawn activities in the Dallas market. The company's smaller Carrolton, Texas location has been consolidated with the new Dallas location. The new location will operate under the name "National Pawn" and future locations in the Texas market will also operate under the banner.

"We are very pleased with the opening of the new pawnshop," noted William H. Oyster, President and Chief Operating Officer of DGSE Companies, Inc. Mr. Oyster continued, "The new location is significantly larger than the Carrolton location and will be ably managed by Scott Mosely who has over 20 years experience in the business. Mr. Mosley and Scott Williamson, Executive Vice President of DGSE, give us the necessary infrastructure and talent to build a larger organization catering to the needs of our customers. The name "National Pawn" will give us a new banner under which to extend the brand to new locations."

DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metal bullion products and rare coins to domestic and international customers through its Dallas Gold and Silver Exchange and Charleston Gold and Diamond Exchange subsidiaries and well as through the internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.dgse.com. Real-time price quotations and real-time order execution in precious metals are provided on another DGSE web site at www.USBullionExchange.com. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. DGSE's growing consumer loan activities are represented by Pawn Shop activities under the name National Pawn and Pay Day loan activities under the name American Pay Day Centers.

The Company is headquartered in Dallas, Texas and its common stock trades on The Nasdaq Stock Market[R] under the symbol "DGSE".

This press release includes statements which may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. In addition to the results presented in accordance with Generally Accepted Accounting Principles throughout this press release, DGSE has presented non-GAAP financial measures such as EBITDA. The Company believes that these non-GAAP measures, viewed in addition to and not in lieu of the Company's reported GAAP results, provide useful information to investors because they are an integral part of the Company's internal evaluation of operating performance. In addition, they are measures that DGSE uses to evaluate management's effectiveness. DGSE's non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.