Exhibit 99.1
Collectors Universe Reports Metrics for First Fiscal Quarter 2005, Ended
September 30, 2004
21% Increase in Total Units Graded and Authenticated Over Comparable Period
Last Year
NEWPORT BEACH, Calif., Oct. 8 /PRNewswire-FirstCall/ -- Collectors
Universe, Inc. (Nasdaq: CLCT), the leading provider of value-added grading and
authentication services to dealers and collectors of high-end collectibles,
today published its unit performance metrics for first quarter of fiscal year
2005, ended September 30, 2004. The Company reports units graded and
authenticated, on a quarterly basis, for coin, sportscard, autograph and stamp
markets. The Company's brands in those markets include: Professional Coin
Grading Service (PCGS) for coins, Professional Sports Authenticator (PSA) for
sportscards, PSA/DNA Authentication Services (PSA/DNA) for autographs and
Professional Stamp Experts (PSE) for stamps.
Total units graded and authenticated grew 21% for the first quarter of
fiscal year 2005, ended September 30, 2004, to 663,000 units compared to
549,000 units in the same period in fiscal 2004.
Michael Haynes, Chief Executive Officer commented, "We continue to enjoy
increases in submissions and deliveries in almost all of our markets as we
focus our efforts on the grading and authentication business. These results
are evidence of our effective execution of plans to grow our business in our
existing markets and the influence of the favorable financial environment
afforded by real interest rates, gold prices and disposable personal income."
PCGS Units
PCGS units graded and authenticated increased 32% in the first quarter of
fiscal year 2005 to 371,000 units compared to 282,000 for the same period in
2004.
PSA Units
PSA units graded and authenticated grew 5% in the first quarter of fiscal
year 2005 to 265,000 units compared to 253,000 for the same period in 2004.
PSA/DNA Units
The number of autographs authenticated grew 144% in the first quarter of
fiscal year 2005 to 22,000 units compared to 9,000 for the same period in
2004.
PSE Units
PSE units graded and authenticated in the first quarter of fiscal year
2005 remained steady at 5,000 compared to the same period in 2004.
Collectors Universe plans to report its first quarter of fiscal year 2005
results during the week of November 1st.
About Collectors Universe
Collectors Universe, Inc. is the leading provider of value added services
to the high-end collectibles market. The Collectors Universe brands are among
the strongest and best known in their respective markets. The Company grades
and authenticates collectible coins, sportscards, stamps, and autographs. The
Company also compiles and publishes authoritative information about
collectible sportscards and sports memorabilia, United States and world coins,
and entertainment memorabilia. This information is accessible to collectors
and dealers at the Company's web site, www.collectors.com, and is also
published in print.
Forward Looking Information
This press release contains statements regarding our expectations about
our future performance that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
can be identified by the use of words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "project," or words of similar
meaning, or future or conditional verbs such as "will," "would," "should,"
"could," or "may." Our actual performance in the future may differ, possibly
materially, from our current expectations as set forth in the forward looking
statements contained in this press release due to a number of risks and
uncertainties. Those risks and uncertainties include, but are not limited to:
changes in general economic conditions, including a potential further slowing
of the economy and changes in conditions in the collectibles markets in which
we operate, such as a possible decline in the popularity of some high-end
collectibles, either of which could reduce the volume of grading submissions
and, therefore, the grading fees we generate and seasonality and potential
fluctuations in quarterly operating results and quarterly cash flows. Certain
of these risks and uncertainties, in addition to other risks, are more fully
described in the Company's Annual Report on Form 10-K for the fiscal year
ended June 30, 2003, as filed with the Securities and Exchange Commission.
These forward-looking statements are made only as of the date of this press
release, and the Company undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.
Contacts:
Mike Lewis Brandi Piacente
Chief Financial Officer Investor Relations
Collectors Universe The Anne McBride Co.
949-567-1375 212-983-1702 x208
Email: mlewis@collectors.com Email: bpiacente@annemcbride.com
SOURCE Collectors Universe, Inc.
-0- 10/08/2004
/CONTACT: Mike Lewis, Chief Financial Officer of Collectors Universe,
Inc., +1-949-567-1375, or mlewis@collectors.com; or Brandi Piacente, Investor
Relations of The Anne McBride Co., +1-212-983-1702, ext. 208, or
bpiacente@annemcbride.com/
/Web site: http://www.collectors.com /
(CLCT)
CO: Collectors Universe, Inc.
ST: California
IN: ENT
SU: