Superior Galleries CEO Featured in Online MSN Money Article.
BEVERLY HILLS, Calif. -- Superior Galleries, Inc. ("Superior") (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :SPGR) today announced that its Chairman 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. Silvano DiGenova has been quoted in a Christian Science Christian Science, religion founded upon principles of divine healing and laws expressed in the acts and sayings of Jesus, as discovered and set forth by Mary Baker Eddy and practiced by the Church of Christ, Scientist. Monitor article by Evan Pondel on rare coin collecting as an investment. The article appears in today's online edition of MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). .com on the first page of MSN Money, at the following link: http://moneycentral.msn.com/content/invest/extra/P120992.asp. The article appears in the Reader's Choice section, by clicking on "What's rising faster than stocks? Coins."
The article, which covers the grading system for rare coins, the risks involved in rare coin investing and the comparative disadvantages of investing in gold bullion Gold bullion
Investment-grade, pure gold, which may be smelted into gold coins or gold bars. , notes that the CU3000 Rare Coin Index has handily hand·i·ly
1. In an easy manner.
2. In a convenient manner.
Adv. 1. handily - in a convenient manner; "the switch was conveniently located"
2. outperformed the stock market since the peak of the dot-com bubble five years ago. "The index, which measures the value of the 3,000 most actively traded coins, has increased about 20% over the past five years, while the Dow Jones Industrial Average Dow Jones Industrial Average
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. has dropped more than 5% and the Standard & Poor's 500 index has declined at least 20% during the same period."
Mr. DiGenova is cited in the article as saying he doesn't believe anyone should make a true investment in coins with less than $10,000, because "coins that are worth the investment can cost several thousand dollars apiece."
About Superior Galleries
Superior Galleries, Inc. is a publicly traded company publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , acting as a dealer and auctioneer in rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, California and the company's web site at www.sgbh.com.
Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including express and implied statements concerning future revenues, income, results of operations, expansion plans and expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements will prove to have been correct. These forward-looking statements are subject to certain risks and uncertainties, including market and other conditions that may affect our ability to expand our auction and dealer activities and control our operating costs. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, operating costs, distribution and competition trends, consumer preferences and other market factors. Past sales performance may not be indicative of future results. No assurances are given that sales trends or sales performance on behalf of consignors or customers will continue.