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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 4, 1996
DALLAS GOLD AND SILVER EXCHANGE, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
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(State or other jurisdiction of incorporation)
1-11048 88-0097334
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(Commission file number) (IRS employer identification number)
2817 Forest Lane, Dallas, Texas 75234
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(Address of principal executive office)
Registrant's telephone number, including area code: (214)484-3662
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ITEM 5. OTHER INFORMATION:
On April 4, 1996 Dallas Gold And Silver Exchange, Inc. (the
"Company") announced that it has entered into a financing and marketing
agreement with A-Mark Precious Metals, Inc. ("A-Mark"). A-Mark, located in
Santa Monica, California, is one of the largest privately owned companies in
the United States. Under the terms of the agreement, A- Mark will finance the
expansion of the Company's precious metals operations. A-Mark has agreed to
consign to the Company a substantial quantity of precious metal products for
retail and wholesale purposes and will provide financing to the Company for the
purpose of purchasing precious metal products. In addition, the two companies
plan to explore other opportunities to cooperate in enhancing the Company's
position as a wholesaler and retailer of precious metals and related products.
The agreement with A-mark is a continuation of the Company's efforts to
provide wholesale and retail clients with the broadest range of methods to
participate in the precious metals market. On March 29, 1996 the Company
launched, what it believes, is the first live quotation service on the Internet
for over 200 precious metals products. This activity is now combined with THE
COMPUTER JEWELRY EXCHANGE and is located at http://www.dgse.com. The Company's
presence on the Internet now includes a free live auction in diamonds, fine
watches and other jewelry items and its new service that allows subscribers to
access unlimited real-time quotations on gold, silver and platinum and over 200
popularly traded items from American Eagles to Krugerrands. The subscription
service is available free for a limited trial period. After the trial period,
subscribers can pay as little as $ 50.00 per year for unlimited continuously
updated prices on the broadest array of precious metals products.
This new service was developed after the impressive response received for
the Company's COMPUTER JEWELRY EXCHANGE. Since the commencement of the live
interactive auction market in December, 1995 over 50,000 visitors have logged
onto the site and independent public bids have been received on all items
listed for sale. The Company functions like a specialist in common stocks by
making two-way markets in diamonds, jewelry and fine watches accommodating
sellers and buyers in effecting and settling transactions.
The Company's continues to explore opportunities to expand its specialty
jewelry, precious metals and consumer loan operations through its presence on
the Internet and in alternative distribution channels. The Company can be
reached by e-mail at jewelry@cyberramp.net or at 800-347-3544.
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SIGNATURE
In accordance with section 13 and 15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Dallas Gold And Silver Exchange, Inc.
Dated: April 4, 1996 /s/ Dr. L.S. Smith
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Dr. L.S. Smith
Chairman of the Board