Top Luxury Marketer Nancy Robey to Join Collectors Universe as Chief Marketing Officer
NEWPORT BEACH, Calif., Sept 14, 2006 /PRNewswire-FirstCall via COMTEX News Network/
-- 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.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding Collectors Universe Inc's business which
are not historical facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the forward-looking statements,
see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently
ended fiscal year.