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DALLAS GOLD & SILVER EXCHANGE INC. ANNOUNCES RECORD SALES AND EARNINGS FOR THE FIRST QUARTER OF 1993

 DALLAS, April 7 /PRNewswire/ -- Dallas Gold & Silver Exchange Inc. (AMEX: DLS.EC) announced today that sales for the first quarter of 1993 grew by 62 percent, to $4,376,510, from $2,698,871. Earnings for the quarter were $94,029, or $.02 per share, vs. a loss for the year-earlier period of $37,121.
 Management expressed satisfaction with the company's results for the first quarter and indicated that it was optimistic about a continuing improvement in the company's activities. Management said: "The company's position as a major wholesaler and retailer of a full range of precious metals products puts it in a position to take advantage of the current favorable market conditions. A continuation of the trend to higher bullion prices will result in substantial volume growth in this sector of the company's business in fiscal 1993. In addition, the company's diversified involvement in the wholesale and retail jewelry business continues to improve overall margins."
 DALLAS GOLD & SILVER EXCHANGE INC.
 Consolidated Operating Statement
 Three Months Ended March 31, 1993, and March 31, 1992
 1993 1992
 Revenues
 Sales $4,357,123 $2,680,324
 Pawn service charges $12,365 $12,616
 Interest income $7,022 $5,281
 Other income $0 $650
 Total revenue $4,376,510 $2,698,871
 Cost and expenses
 Cost of sales $3,869,485 $2,337,225
 General & administrative $372,958 $349,782
 Depreciation $18,812 $27,121
 Interest expense $21,226 $21,864
 Total expenses $4,282,481 $2,735,992
 Net income $94,029 ($37,121)
 Earnings per share $0.02 ($.01)
 -0- 4/7/93
 /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

BP-MS -- LA005 -- 3719 04/07/93 10:32 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
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