UNITED STATES
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):September 23, 2005
DGSE COMPANIES, 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: (972)484-3662
Section 8 - Other Events
Item 8.01 Other Events
DALLAS, Texas (September 27, 2005) - DGSE Companies, Inc. (Nasdaq: "DGSE"),
which wholesales, retails and auctions fine watches, jewelry, diamonds, precious
metal and rare coin products via traditional and Internet channels, operates two
consumer pawn operations in Dallas, Texas and three American Pay Day Centers in
New Mexico today announced that it had retained the Dallas investment banking
firm of Southwest Securities, Inc. to explore strategic alternatives to enhance
shareholder value, which may include the possible sale of the Company.
"We are pleased to announce that we have engaged Southwest Securities, a member
of the New York Stock Exchange, to help us find comprehensive ways to increase
our shareholder value." said William H. Oyster, President and Chief Operating
Officer of DGSE Companies, Inc. Mr. Oyster continued, "We believe that our
publicly traded securities do not reflect the inherent value of the Company's
activities. The engagement of Southwest Securities will give us an opportunity
to professionally examine a range of short term and long term possibilities."
DGSE Companies, Inc. wholesales, retails and auctions fine watches, jewelry,
diamonds, precious metal and rare coin products to domestic and international
customers through its Dallas Gold and Silver Exchange and Charleston Gold and
Diamond Exchange subsidiaries, as well as through the internet. DGSE also owns
Fairchild International, Inc., one of the largest vintage watch wholesalers in
the country. The Company's Consumer Finance Division operates two pawn
operations in Dallas, Texas and three American Pay Day Centers in New Mexico. In
addition to its retail facilities, the Company operates live Internet auctions
which can be accessed at www.dgse.com. Real-time price quotations and real-time
order execution in precious metals are provided on another DGSE web site at
www.USBullionExchange.com. Wholesale customers can access our full vintage watch
inventory through the restricted site at www.FairchildWatches.com.
SIGNATURE
In accordance with section 13 and 15(d) of the Exchange Act, the Registrant has
dully caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
DGSE COMPANIES, Inc.
/s/ Dr. L.S. Smith
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Dr. L.S. Smith
Chairman of the Board
Dated: September 27, 2005