Exhibit 99.1
TOP LUXURY MARKETER NANCY ROBEY TO JOIN COLLECTORS UNIVERSE AS CHIEF
MARKETING OFFICER
NEWPORT BEACH, Calif., Sept. 14 /PRNewswire-FirstCall/ -- Collectors Universe,
Inc. (Nasdaq: CLCT), a leading provider of value-added authentication and
grading services to dealers and collectors of high-value collectibles, diamonds
and colored gemstones, today announced that Nancy Robey, a well-known luxury
marketer, will join the Company as Chief Marketing Officer effective November 1,
2006. Initially, Ms. Robey will be focusing on the jewelry markets through the
Company's diamond authentication and grading service Gem Certification &
Assurance Lab (GCAL) and the Company's colored gemstone authentication and
grading service American Gemological Laboratories (AGL). She will help
facilitate the Company's near term growth plans in the domestic and
international jewelry markets as well as in other high end luxury markets in the
future.
Nancy Robey has over 25 years experience in marketing fine jewelry and luxury
goods, most recently with VNU Expositions Jewelry Group as Group Vice President,
Global Business Development. During her 12 years at VNU, Ms. Robey created
luxury and fine jewelry trade show events such as Couture Jewelry Collection &
Conference U.S., Monte Carlo and Latin America, Signature Salons, Couture
Diamond Leadership Conference, and most recently, the Fine Jewelry CEO Summit.
In addition, Ms. Robey was responsible for nine trade shows including those she
created, three JA Shows and the Couture Club & Pavilion extensions into the JA
Summer and Winter Shows. Her experience also includes contributions at the
Platinum Guild International USA, Tiffany & Co., Harry Winston and NW Ayer
Advertising, for which she was, at the time, engaged by De Beers Consolidated
Mines.
Chief Executive Officer Michael Haynes commented, "Nancy Robey is the consummate
marketer in fine jewelry and luxury goods. I am very pleased she is joining our
team as the leader to focus first on our brands in diamonds and colored
gemstones along with other initiatives in the jewelry markets, then on our
expansion into authentication and grading of other luxury goods. Perhaps no one
knows more about marketing fine jewelry in the entire distribution channel from
mining to retailing than Nancy Robey. With Nancy's significant knowledge and
experience, we fully expect to continue to increase consumer confidence and
assist at every distribution point to market and sell more fine jewelry with
diamonds and colored gemstones."
"I am enthusiastic about leveraging my skills with the significant resources of
the publicly traded Collectors Universe for GCAL and AGL in the jewelry
markets," stated Ms. Robey. "I believe that we will be able to build on the
successes of these brands and increase the consumer confidence in jewelry
products certified by GCAL and AGL, resulting in the increased sales of jewelry
carrying these brands through retailers both large and small," she added. "CEO
Michael Haynes is a visionary in our industry, and I look forward to working
with him and other members of Collectors' top leadership to identify new markets
for future growth."
About Collectors Universe
Collectors Universe, Inc. is a leading provider of value added services to the
high-value collectibles and diamond and colored gemstone markets. The Company
authenticates and grades collectible coins, sports cards, autographs, stamps,
currency, diamonds and colored gemstones. The Company also compiles and
publishes authoritative information about United States and world coins,
collectible sports cards and sports memorabilia, collectible stamps, diamonds
and colored gemstones. This information is accessible to collectors and dealers
at the Company's web site, www.collectors.com, and is also published in print.
Cautionary Statements Regarding Forward Looking Information
This news release contains statements regarding our expectations, beliefs and
views about our future financial performance which 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
future or conditional verbs such as "will," "would," "should," "could," or
"may."
Due to a number of risks and uncertainties to which our business is subject, our
actual financial performance in the future may differ, possibly significantly,
from our expected financial performance as set forth in the forward looking
statements contained in this news release. Information regarding those risks and
uncertainties, and their possible impact on our future financial performance,
including, but not limited to the risks that our strategy to expand into new
collectibles and other high value asset markets, such as the diamond and colored
gemstone markets, and to offer new services in our existing markets will not be
successful in enabling us to improve our profitability or may even cause us to
incur losses, is contained in our Annual Report on Form 10-K for our fiscal year
ended June 30, 2006 which we filed with the Securities and Exchange Commission
on September 13, 2006. Due to such risks and uncertainties, readers are
cautioned not to place undue reliance on the forward-looking statements
contained in this news release, which speak only as of its date, or to make
predictions about future performance based solely on historical financial
performance. We also disclaim any obligation to update forward-looking
statements contained in this news release or in our Annual or Quarterly Reports
filed with the Securities and Exchange Commission.
Contacts:
Joe Wallace
Chief Financial Officer
Collectors Universe
919-567-1245
jwallace@collectors.com
Brandi Piacente
Investor Relations
The Piacente Group
212-481-2050
brandi@thepiacentegroup.com
SOURCE Collectors Universe, Inc.
-0- 09/14/2006
/CONTACT: Joe Wallace, Chief Financial Officer of Collectors Universe,
+1-919-567-1245, jwallace@collectors.com; or Investor Relations, Brandi
Piacente of The Piacente Group, +1-212-481-2050, brandi@thepiacentegroup.com,
for Collectors Universe, Inc./
/Web site: http://www.collectors.com /