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<SEC-DOCUMENT>0001144204-09-034598.txt : 20090626
<SEC-HEADER>0001144204-09-034598.hdr.sgml : 20090626
<ACCEPTANCE-DATETIME>20090626163917
ACCESSION NUMBER:		0001144204-09-034598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090617
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090626
DATE AS OF CHANGE:		20090626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DGSE COMPANIES INC
		CENTRAL INDEX KEY:			0000701719
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				880097334
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11048
		FILM NUMBER:		09913469

	BUSINESS ADDRESS:	
		STREET 1:		2817 FOREST LANE
		STREET 2:		STE 202
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724843662

	MAIL ADDRESS:	
		STREET 1:		2817 FOREST LN
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DALLAS GOLD & SILVER EXCHANGE INC /NV/
		DATE OF NAME CHANGE:	19930114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN PACIFIC MINT INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANYON STATE CORP
		DATE OF NAME CHANGE:	19860819
</SEC-HEADER>
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<TYPE>8-K
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appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):</font></div>
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- -</font></div>
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transaction (approximately $1.3 million). In addition, the company said that it
has renewed both revolving and term credit facilities with its primary
bank.</font></div>
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to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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<TYPE>EX-99.1
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  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: Vintage Filings-->
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">DGSE
COMPANIES, INC. ANNOUNCES SALE OF ITS TWO PAWNSHOPS IN DALLAS TEXAS, RENEWAL AND
EXTENSION OF CREDIT FACILITY WITH PRIMARY BANK</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DALLAS,
Texas&#160;&#160;( June 24 , 2009 ) &#8211; DGSE Companies, Inc. (NYSE Amex: &#8220;DGC&#8221;),
which wholesales, retails and auctions fine watches, jewelry, diamonds and
precious metal and rare coin products via traditional and Internet channels,
today announced that it sold its two pawnshops in Dallas, Texas in an all cash
transaction (approximately $1.3 million). In addition, the company said that it
has renewed both revolving and term credit facilities with its primary
bank.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#8220;We
are pleased to have been able to sell our two pawnshops in an attractive all
cash transaction for almost 62 percent of total 2008 total revenues for this
activity.&#8221; noted William H. Oyster, President and Chief Operating Officer of
DGSE Companies, Inc.&#160;&#160;Mr. Oyster continued, &#8220;This sale and significant
improvement in our operating metrics will provide us with the liquidity to take
advantage of any opportunities that may become available in the current economic
environment. The pawnshops accounted for 2 percent of 2008 revenues. The renewal
of our credit facilities along with a reduction in our revolving loan balances
of $400,000 is both an expression of confidence by our primary financial
institution and a reflection of our current emphasis on cash generation and
operational improvements in the current challenging economy.&#160;&#160;Our
current term facility has an outstanding balance of less than $350,000 and the
usage of our revolving line has been reduced to approximately
$3,200,000.&#8221;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DGSE
Companies, Inc. wholesales, retails and auctions jewelry, diamonds, fine
watches, and precious metal bullion and rare coin products to domestic and
international customers through its Dallas Gold and Silver Exchange, Charleston
Gold and Diamond Exchange, Superior Galleries and Superior Gold and Diamond
Exchange subsidiaries as well as through the Internet. DGSE also owns Fairchild
International, Inc., one of the largest vintage watch wholesalers in the
country.&#160;&#160;In addition to its retail facilities in Dallas and Euless,
Texas, Charleston, South Carolina and Woodland Hills, California, the Company
operates live Internet auctions which can be accessed at <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.dgse.com</font>
and through Superior Galleries' website at <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.sgbh.com</font>.
Real-time price quotations and real-time order execution in precious metals are
provided on another DGSE web site at <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.USBullionExchange.com</font>.
Wholesale customers can access our full vintage watch inventory through the
restricted site at <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.FairchildWatches.com</font>.
DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry
through <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.Americangoldandsilverexchange.com</font>
and over 900 supporting websites. Through <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.SuperiorPreciousMetals.com</font>,
we provide precious metals and rare coin investing and trading opportunities all
across the United States.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company is headquartered in Dallas, Texas and its common stock trades on NYSE
Amex Exchange under the symbol &#8220;DGC&#8221;.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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&#8217;s non-GAAP financial measures may not
be comparable to similarly titled measures presented by other
companies.</font></div>
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