<SEC-DOCUMENT>0001157523-15-002868.txt : 20150810
<SEC-HEADER>0001157523-15-002868.hdr.sgml : 20150810
<ACCEPTANCE-DATETIME>20150810170208
ACCESSION NUMBER:		0001157523-15-002868
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150804
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150810
DATE AS OF CHANGE:		20150810

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:		151041548

	BUSINESS ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248
		BUSINESS PHONE:		9725874049

	MAIL ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51160258.htm
<DESCRIPTION>DGSE COMPANIES, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br>
    </p>
    <hr style="width: 20%; text-align: center; height: 1.0 pt; color: #000000">


    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="width: 20%; text-align: center; height: 2.0 pt; color: #000000">


    <p style="text-align: center">
      <br>
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of Report </b></font><font style="font-size: 10pt; font-family: Times New Roman">(Date
      of earliest event reported): </font><font style="font-size: 10pt; font-family: Times New Roman"><b>August
      4, 2015 </b></font><font style="font-size: 10pt; font-family: Times New Roman">(August
      4, 2015)</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><br><font style="font-size: 14pt"><b>DGSE
      COMPANIES, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of Registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Nevada</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-11048</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>88-0097334</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation or organization)
          </p>
        </td>
        <td valign="top" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="top" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      <b>15850 Dallas Parkway, Suite 140</b><br><b>Dallas, Texas 75248</b><br>(Address
      of principal executive offices) (Zip Code)<br><br>Registrant&#8217;s Telephone
      Number, including area code: &#160;<b>(972) 587-4049</b><br><br><b>Not
      Applicable</b><br>(Former name or former address, if changed since last
      report)
    </p>
    <p>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      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 </font>(<i>see </i>General Instruction A.2.):<br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 3.01. &#160;&#160;&#160;Notice of Delisting or Failure to Satisfy a Continued
      Listing Rule or Standard; Transfer of Listing.</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On August 10, 2015, DGSE Companies, Inc. (&#8220;DGSE&#8221;) submitted a notice to
      the NYSE MKT LLC (the &#8220;MKT&#8221;) stating that DGSE is not in compliance with
      the MKT&#8217;s continued listing standards as set forth in the NYSE MKT
      Company Guide (the &#8220;Company Guide&#8221;).&#160;&#160;Specifically, Section 802(h) of
      the Company Guide provides that 50% of the members on the board of
      directors of each listed company that is a smaller reporting company
      must be independent directors as defined in Section 803A of the Company
      Guide. Due to the resignation of Bruce A. Quinnell and Dennis A. McGill
      from the Board of Directors of DGSE (the &#8220;Board&#8221;), as described in more
      detail in Item 5.02 below, who had each served as one of the three
      independent directors of the Board, DGSE currently fails to comply with
      the board independence composition requirement due to one of the two
      vacancies.&#160;&#160;Section 802(b) of the Company Guide provides that DGSE may
      regain compliance with the requirement by the earlier of its next annual
      shareholders&#8217; meeting or one year from the occurrence of the event that
      caused the failure to comply with this requirement and DGSE intends to
      regain compliance within such cure period.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      DGSE also notified the MKT that it is currently out of compliance with
      Section 803B(2)(c) of the Company Guide, regarding having an audit
      committee of at least two members, each of whom satisfies the
      independence standards.&#160;&#160;Due to the resignation by Bruce A. Quinnell and
      Dennis A. McGill from the Board of Directors of DGSE, as described in
      more detail in Item 5.02 below, who had each served as members of DGSE&#8217;s
      audit committee, DGSE is currently out of compliance with Section
      803B(2)(c) of the Company Guide until such time as the Board of
      Directors elects at least one new independent director who is appointed
      to the audit committee.&#160;&#160;Section 803B(6)(b) of the Company Guide
      provides that DGSE may regain compliance with the requirement by the
      earlier of its next annual shareholders&#8217; meeting or one year from the
      occurrence of the event that caused the failure to comply with this
      requirement and DGSE intends to regain compliance within such cure
      period.
    </p>
    <p style="white-space: nowrap; text-align: justify">

    </p>
    <p style="text-align: justify">
      <b>Item 5.02.&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers; Election of
      Directors; Appointment of Certain Officers; Compensatory Arrangements of
      Certain Officers.</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      Bruce A. Quinnell has tendered notice of his resignation, effective as
      of August 4, 2015, as Lead Independent Director and Chairman of the
      Compliance, Governance and Nominating Committee to the Board of
      Directors of DGSE and the other committees of the Board on which he
      served.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      Dennis A. McGill has tendered notice of his resignation, effective as of
      August 6, 2015, as a member of the Board of Directors of DGSE and
      Chairman of the Audit Committee to the Board of Directors of DGSE and
      the other committees of the Board on which he served.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      James D. Clem has tendered notice of his resignation, effective as of
      September 15, 2015, as Chairman of the Board, Chief Executive Officer
      and President of DGSE and as a member of the Board of Directors of DGSE.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify; text-indent: 30.0px">
      DGSE is currently engaged in a search to fill the Chief Executive
      Officer role, as well as the two independent director seats.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      A press release issued by DGSE describing the foregoing is attached
      hereto as Exhibit 99.1.
    </p>
    <p style="text-align: justify; text-indent: 60.0px">

    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>Item 9.01.&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap; text-align: justify; text-indent: 30.0px">
      d.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits
    </p>
    <p style="white-space: nowrap; text-align: justify; text-indent: 60.0px">
      99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated August 10, 2015
    </p>
    <p style="white-space: nowrap; text-align: justify; margin-left: 150.0px">

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, as amended, the
      Registrant has duly caused this Report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            DGSE COMPANIES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; width: 5%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 45%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 6%; text-align: left; padding-left: 0.0px">
          By:
        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px; border-bottom: solid black 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ C. BRETT&#160;BURFORD
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>C. Brett Burford</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="width: 44%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Chief Financial Officer and Secretary</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 45%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            August 10, 2015
          </p>
        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="width: 15%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit
          </p>
        </td>
        <td style="width: 85%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 15%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Number</u>
          </p>
        </td>
        <td valign="top" style="width: 85%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td valign="top" style="width: 85%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; white-space: nowrap; width: 15%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="width: 85%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release dated August 10, 2015
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51160258ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>DGSE
      Companies Announces Management and Board Departures</b></font>
    </p>
    <p>
      DALLAS--(BUSINESS WIRE)--August 10, 2015--DGSE Companies, Inc. (NYSE
      MKT: DGSE) (&#8220;DGSE&#8221; or &#8220;the Company&#8221;), a leading wholesaler and retailer
      of jewelry, diamonds, fine watches, and precious metal bullion and rare
      coin products, today announced that James D. &#8220;Dusty&#8221; Clem has tendered
      his resignation from the positions of Chairman, President and Chief
      Executive Officer of DGSE Companies, Inc., to be effective September 15,
      2015. Mr. Clem has held these positions since April of 2014. Mr. Clem is
      leaving to pursue other opportunities, and no replacement has been named
      at this time.
    </p>
    <p>
      &#8220;DGSE would like to thank Dusty for his many contributions to the
      Company, and wish him the best in his future endeavors,&#8221; stated C. Brett
      Burford, Chief Financial Officer of DGSE. &#8220;We have begun the search for
      a new leader that will continue DGSE&#8217;s efforts to create profitable,
      long-term growth for our shareholders. During this transitional time, we
      expect no impact on our ability to service our customers at the store
      level and create a positive jewelry, bullion and numismatic buying, and
      selling, experience.&#8221;
    </p>
    <p>
      Two members of DGSE&#8217;s Board of Directors, Bruce A. Quinnell and Dennis
      A. McGill, have also tendered their resignations from the board,
      effective August 4, 2015 and August 6, 2015, respectively. Mr. Quinnell
      and Mr. McGill both leave the board due to personal reasons, unrelated
      to Mr. Clem&#8217;s resignation. Neither Mr. Quinnell nor Mr. McGill has any
      disagreements or disputes with the Company or its management. Both were
      first elected to the board in June 2014, and were re-elected at the June
      2015 Annual Meeting of Shareholders.
    </p>
    <p>
      The Company is currently engaged in a search to fill the Chief Executive
      role, as well as the two independent director seats. Mr. Clem will work
      with the Company in his remaining time to facilitate a smooth transfer
      of his responsibilities.
    </p>
    <p>
      <u><b>About DGSE Companies</b></u>
    </p>
    <p>
      DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine
      watches, and precious metal bullion and rare coin products through its
      Charleston Gold &amp; Diamond Exchange, Chicago Gold &amp; Diamond Exchange
      (formerly Bullion Express), and Dallas Gold &amp; Silver Exchange
      operations. DGSE also owns Fairchild International, Inc., one of the
      largest vintage watch wholesalers in the country. In addition to its
      retail facilities in Illinois, South Carolina, and Texas, the Company
      operates websites which can be accessed at <u>www.dgse.com</u>, and <u>www.cgdeinc.com</u>.
      Real-time price quotations and real-time order execution in precious
      metals are provided on another DGSE website at <u>www.USBullionExchange.com</u>.
      Wholesale customers can access the full vintage watch inventory through
      the restricted site at <u>www.FairchildWatches.com</u>. The Company is
      headquartered in Dallas, Texas and its common stock trades on the NYSE
      MKT exchange under the symbol &quot;DGSE.&quot;
    </p>
    <p>
      This press release includes statements which may constitute
      &quot;forward-looking&quot; statements, usually containing the words &quot;believe,&quot;
      &quot;estimate,&quot; &quot;project,&quot; &quot;expect&quot; 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.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>DGSE Companies, Inc.<br>C. Brett Burford, 972-587-4021<br>Chief
      Financial Officer<br><u>investorrelations@dgse.com</u>
    </p>
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