8 million shares
outstanding as compared to 6.7 million shares for the quarter ended
December
31, 2004.6 million
shares for the same six months of the prior year. Eastern/2:00 p. is
a leading provider of value added services to
the high-value collectibles and diamond markets. The
Company authenticates
and grades collectible coins, sports cards, autographs, stamps currency and
diamonds.
Due to the above-described risks and uncertainties and those described in
that
Annual Report, 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.15 $0. This promising
event
holds the opportunity to bring movie stars such as Marilynn Monroe,
Bob Hope, Bing Crosby, Mae West
, John Travolta, the Little Rascals, "Star
Trek" crew members, and Burt Reynolds to your home.
For a comprehensive Corporate Update and prior releases, visit
www.com or call
1-800-HOM-SHOW
About dmg
An international exhibition and publishing company, dmg world media
produces
over 300 market-leading trade exhibitions, consumer shows and fairs
each year and publishes 45 related
magazines, newspapers, directories and
market reports. dmg world media is a wholly-owned subsidiary
of the Daily Mail and
General Trust plc (DMGT), one of the largest and most successful media
companies
in the UK.
roadshow antiques
NEWPORT BEACH, Calif.
The declines in income from continuing operations, in both
the three and
six months ended December 31, 2005 were attributable to a number of factors,
including
lower net revenues in the second quarter; a decline in coin grading
revenues in both the quarter
and six months ended December 31, 2005, which
contributed to declines in the Company's gross margin
in both of those
periods; and increases in selling, general and marketing expenses, which were
attributable
in large measure to the commencement of the Company's new grading
businesses, including a diamond
grading business and a diamond service
business.
Interest Income.m. Those risks and
uncertainties
include, but are not limited to: the possibility of changes in
general economic conditions or conditions
in the collectibles markets, such as
a possible decline in the popularity of some high-value collectibles
, which
could result in reductions in the volume of authentication and grading
submissions and
, therefore, the fees we are able to generate; a lack of
diversity in our sources of revenues and
our dependence on coin authentication
and grading for a significant percentage of our total revenues
, which makes us
more vulnerable to adverse changes in economic and market conditions,
including
declines in the value of precious metals or recessionary conditions,
that could lead to reduced coin
and other collectibles submissions, with a
resultant reduction in our revenues and in our income;
the fact that five of
our customers accounted for approximately 27% of our net revenues during
fiscal
2005, which means that our operating results could decline if any of
those customers were to terminate
or significantly reduce the business that
they conduct with us; our dependence on certain key executives
and
collectibles experts, the loss of the services of any of which could adversely
affect our
ability to obtain authentication and grading submissions and,
therefore, could harm our operating
results; increased competition from other
collectibles services companies that could result in reductions
in
collectibles submissions to us or could require us to reduce the prices we
charge for our services;
the risk that we will incur unanticipated liabilities
under our authentication and grading warranties
that would increase our
operating expenses; the risk that new service offerings and business
initiatives
that we may undertake will not gain market acceptance or will
increase our operating expenses or
reduce our overall profitability or even
cause us to incur losses; the risk that our strategy to
expand into new
collectibles and other high value asset markets, such as the diamond market,
primarily
through business acquisitions, will not be successful in enabling us
to improve our profitability;
and the risks that we will be unable to
successfully integrate the businesses that we acquire into
our operations, or
that those businesses will not gain market acceptance, or that our business
expansion
may result in a costly diversion of management time and resources
and increase our operating expenses
and possibly cause us to incur losses.
Contacts:
Joe Wallace
Ingrid Shieh
Chief Financial Officer Investor Relations
Collectors
Universe The Piacente Group, Inc.08 $0.com, announced today it will host
the Movieland Wax
Museum auction for Asset Reliance, Inc.There's Something for Everyone at the 72nd
Annual Home + Garden Show - The Big One
Bunches of freshly cut daffodils will be available
for
purchase at the Show.mallett ampex
Per share data
for the six months ended December 31, 2005 was computed on
the basis of a
weighted average of 8.
Financial Condition
At December 31, 2005
, cash, cash equivalents and short-term investments
totaled approximately $55. This information is
accessible
to collectors and dealers at the Company's web site, http://www.icollector.
Actual
results may differ materially from the Company's expectations and
estimates. The Company does not
realize nor book the full revenue of
auctions that it facilitates in its financials, only the net
auction fees,
that can vary from time-to-time, that it realizes. The show promises to transport
winter-weary visitors to the sights and
sounds of seaside New England with a one-of-a-kind Innovative
Lighthouse
Living display.m.restorers typewriters
, Collectors
Universe, Inc.06 per diluted share compared with
$928,000, or $0.8 million shares outstanding as compared to 6. Also contributing to the increase in
general
and administrative expenses in the six months ended December 31, 2005 were
professional
fees and related expenses of $310,000 incurred in the first
quarter of the current fiscal year in
connection with the Company's SOX 404
internal control audit and the annual financial statement audit
for fiscal
2005.35
Net income (loss)
per diluted share:
Income from
continuing
operations $0.
com and iTrustee.com. The Company cautions
readers not to place
undue reliance on such statements.troughs phonographs
Fiscal Second-Quarter and Six
Months Results from Continuing Operations
Net Revenues.8 million, as compared to $65. With respect
to new acquisitions and
markets, we continue to be interested in a number of opportunities and we
shall prudently pursue those prospects for growth.01)
Net income $0. on March
11, 2006.
Visit www. - 10 p.shedding flatware
The increase
in Other Collectibles revenues was primarily attributable
to increases of
$320,000 of revenues from new businesses and increased revenues from our
autograph
grading business. During the three and six month periods ended December 31,
2005, our gross profit
margin dropped to 58% and 60%, respectively, from 62%
and 64%, respectively, in the corresponding
periods of the prior year.
Settlement of Lawsuit. Interest income, net increased to $608
,000 and
$1.5 million in cash and agreed to pay
contingent consideration of $1 for each diamond
that the Company registers
using the Gemprint process in excess of 100,000 registrations in any year
during the five years following the completion of that acquisition. To listen to the live
Internet
webcast, log on to the Company's web site at http://www.06 $0.
As an on-line auction facilitator
, the Company, with the experience of over
3,000 auctions, has developed state-of-the-art technology
to broadcast
auctions over the Internet (www.flatware ilene
Also contributing to the declines in gross margin
and the increases
in selling, general and administrative expenses was stock based compensation
of
$133,000 and $265,000 in the three and six month periods ended December 31,
2005, respectively, recognized
in accordance with SFAS No. 123R and SEC Staff
Accounting Bulletin No. The
decline in gross profit
margin in this year's second quarter was primarily due
to (i) net, increased compensation associated
with currently employed experts
and the recognition of share-based compensation expense of the quarter
and six
months equal to $180,000 (or 2% of revenues) and $394,000 (or 2% of revenues),
respectively
, (ii) a decrease in compensation of $194,000 for both the three
month and six month periods ended
December 31, 2005, due to the departure of a
coin expert (iii) the decline in net revenue, which
meant that fixed portion
of our direct costs had to be spread over a lower revenue base, and (iv
) a
change in the mix of revenues to a lower proportion of coin grading revenues
on which we realize
higher margins than on the other revenues that we
generate. The Company also compiles and publishes
authoritative information
about United States and world coins, collectible sports cards and sports
memorabilia, collectible stamps and diamonds.15 $0.34
Income (loss) from
operations
of
discontinued
operations, net of
gains on sales of
discontinued
businesses (net of
income taxes) 0.19 $0. For more information, contact
Investor Relations at
investorrelations@ableauctions. The Company does not undertake, and the
Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences
, developments,
unanticipated events or circumstances after the date of such statement. Five-Day Event
Features Spectacular "Lighthouse Living" Display, the Latest
Trends and New Products in Gardening
, Remodeling and Decorating as well as
"This Old House's" Tom Silva
MINNEAPOLIS, Minnesotans longing for a change of
scenery need look no further than the 72nd Annual
Home + Garden Show - The Big
One.
The island oasis features a 35-foot working lighthouse and
state-of-the-art lighthouse keeper's home, complete with trend-forward
furnishings like an infrared
sauna, voice-activated home entertainment system,
high-tech steam oven and windows that practically
wash themselves -- not to
mention the latest in backyard putting greens, an English conservatory
and
private fishing pier."
From March 1-5, the Minneapolis Convention Center will be transformed
into
an oasis of color-splashed gardens, floral displays and landscape layouts.royka roadshow
Collectors Universe
Reports Financial Results for Second Quarter Ended December 31 2005
19 per diluted share, compared
to $2.5 million, or $0.
The increases in the weighted number of shares outstanding in the three
and six month periods ended December 31, 2005 compared to the prior year were
primarily attributable
to our completion of a public offering of approximately
2.0 million in the
same period of last
year.
Fiscal 2006 Outlook
Chief Executive Officer Michael Haynes commented, "As we
recover from the
loss of business from one of our top customers, we are comparing our 2006
second
fiscal quarter, our most challenging seasonal quarter, with the
out-of-the-ordinary results from
the 2005 second fiscal quarter."
Movieland Wax Museum opened their doors in 1962 showcasing nearly
300 wax
figures, proving to be the largest wax museum in the United States for 43
years while
hosting 10 million visitors.com/technology) and currently
provides the technology and related services
to auction houses, enabling
them to broadcast auctions over the Internet. Factors that could cause
actual results to differ materially
from anticipated results include risks and uncertainties related
to the
performance of our staff, management, financing, competition, on-line
auction business
, our ability to implement or manage our expansion
strategy, general economic conditions, our ability
to license our software
to other auction houses, our ability to acquire profitable companies and
integrate them into our business successfully and other factors that are
detailed in our Annual
Report on Form 10-KSB and on documents we file from
time-to-time with the Securities and Exchange
Commission. Statements made
herein are as of the date of this press release and should not be relied
upon as of any subsequent date.
The five-day event also features several seminars and events
hosted by
local and national experts including:
-- Tom Silva of This Old House offers
a behind the scenes look at one of
the nation's original home-improvement shows. In addition
, visitors can celebrate spring's arrival and help local
cancer patients at the same time by taking
part in the American Cancer
Society's Daffodil Days.
Sunday 10 a.millstones metalware
4 million
in
the second quarter of the current fiscal year, from $8.14 $0.
Ableauctions.com (AMEX: AAC
), through their
subsidiary iCollector. Sadly they closed their doors
October 31, 2005 to be replaced
by an entertainment centre and pizza
parlor.com
About iCollector.icollector.com/ourTechnology
.aspx)
About Ableauctions.ableauctions. Actual
results could differ materially from those projected
in the forward-looking
statements as a result of a number of risks and uncertainties. - 10 p.
Thursday/Friday/Saturday 10 a. (The event will conclude with a plant
sale)
Admission: $10 for adults*
$3.homeandgardenshow. customs laws
, created or produced before 1830.
roadshow lithographs
Net income for this year's second quarter was $735,000, or $0. Income
from continuing operations for the second
quarter this year was $554,000 or $0.2
million, or
$0. Of the $847,000 increase in
other revenues, $510,000 was attributable to revenues earned by the
Company's
new businesses. Selling and marketing expenses increased
by $170,000 and $303,000,
respectively, in the three and six months ended
December 31, 2005, compared to the same respective
periods of the prior year,
primarily due to the incurrence of marketing costs of $91,000 and $131
,000, in
the three and six months ended December 31, 2005, respectively, in connection
with the
introduction of our new businesses and (ii) increases in trade show
and other marketing and selling
expenses.
123(R), effective July 1, 2005.
Income Taxes.
About Collectors Universe
Collectors Universe, Inc. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Ended Six Months Ended
December 31, December 31, December 31, December 31,
2005 2004 2005 2004
Net revenues $7,447
$7,982 $16,272 $16,177
Cost of revenues 3,118 2,998 6,490
5,824
Gross profit 4,329 4,984 9,782 10,353
Selling
and marketing
expenses 918 748 2,008 1,705
General
and
administrative
expenses 3,026 2,292 6,246 4
,579
Settlement of lawsuit -- 500 -- 500
Total operating
expenses 3,944 3,540 8,254 6,784
Operating income
385 1,444 1,528 3,569
Interest income, net 608
110 1,150 174
Other income 8 2 16
2
Income before income
taxes 1,001 1,556 2,694
3,745
Provision for income
taxes 447 628 1
,161 1,506
Income from continuing
operations 554 928
1,533 2,239
Income (loss) from
operations of
discontinued
operations, net of
gains on sales of
discontinued
businesses (net of
income taxes) 181 (7) 169 (76)
Net income
$735 $921 $1,702 $2,163
Net income (loss)
per basic share:
Income from
continuing operations $0.icollector.com
This press release contains
forward-looking statements, particularly as
related to, among other things, the business plans of
the Company,
statements relating to goals, plans and projections regarding the Company's
financial
position and the Company's business strategy.
-- Twin Cities' top floral designers will square
-off in a competition of
the best use of a dozen roses.dmgworldmedia.typewriters phonographs
7 million,
or $0. Although
coin grading
revenues declined by $798,000, or 7%, primarily as a result of a $1 million
decline
in revenues from the large customer referred to above, whose owner
suffered a serious illness; such
decline was offset by increased revenues of
$847,000, or 80%, in Other Collectibles revenues.18
$0.02 -- 0.
Asset Reliance and the Movieland Wax Museum will also auction
movie props,
wax figures, autographed celebrity photos, and the opportunity to purchase
exact
marble carved replicas of Michelangelo's "the David" and "the Pieta.m. dmg world media employs more
than 700 people and maintains a
worldwide presence through more than 30 offices in the United States
, Canada,
the United Kingdom, France, the United Arab Emirates, China, Australia and New
Zealand
.S.
roadshow inkwells
2 million shares in the third quarter of fiscal 2005. General and administrative expenses
increased
by $734,000, or 32%, and by $1,667,000, or 36%, in the three and six
months ended December 31, 2005
, respectively, compared to the same periods of
the prior year.1 million, respectively, in the three
and six months ended December 31,
2005, from $110,000 and $174,000, respectively, for the three and
six months
ended December 31, 2004, as a result of the Company's investment of cash and
cash equivalent
balances that were comprised primarily of the proceeds from
the public stock offering that the Company
completed in the third quarter of
fiscal 2005 and the proceeds from sales of the discontinued businesses
and
disposition of certain of their assets, principally accounts receivable and
inventories.
The Company's effective tax rate increased to 45% and 43%,
respectively, in the three and six months
ended December 31, 2005 from 40% in
each of the same respective periods of the prior year, as a result
of
permanent differences between the Company's income for financial reporting
purposes and tax
purposes due primarily to the non-deductibility of stock
based compensation costs recognized during
the three and six month periods
ended December 31, 2005."
Conference Call and Webcast
Management will host a conference call and simultaneous webcast Thursday
February 9th, 2006
at 5:00 p. Pacific to discuss
second-quarter fiscal 2006 operating performance.com, and
is also
published in print.com
- Financial Tables Follow -
COLLECTORS UNIVERSE, INC.17 $0.33
Weighted average
shares outstanding:
Basic 8,488 6,242 8,487 6,230
Diluted
8,803 6,695 8,806 6,644
Stock-based compensation
is
recorded as follows:
Cost of revenues $56 -- $112 --
Selling and
marketing expenses 1 -- 2 --
General and
administrative
expenses 76 --
151 --
$133 $-- $265 $--
COLLECTORS UNIVERSE, INC.
Asset Reliance has, in this time, developed one of
the world's largest
proprietary databases of equipment costs and remarketing sources. It is the only
auction
technology company to be endorsed by the National Auctioneers Association
(NAA) and has
partnered with eBay Live Auctions in streamlining the process
of broadcasting auctions real-time
on the Internet. Such
forward-looking statements are based on current expectations, involve known
and unknown risks, a reliance on third parties for information,
transactions or orders that may
be cancelled, and other factors that may
cause our actual results, performance or achievements, or
developments in
our industry, to differ materially from the anticipated results,
performance or
achievements expressed or implied by such forward-looking
statements."
-- Brian Santos, aka
"The Wall Wizard," will demonstrate the newest
trends in painting, faux finishes and wall
coverings.com .An antique refers to any item of furniture, work of art or decorative object that is
esteemed for its value due to its rarity, condition, utility or other unique feature.
esteemed gilai
33 per diluted
share, for the corresponding period of last year. Stock based compensation expense was not required
to be
recognized in the three and six month periods ended December 31, 2004.
On December 22
, 2005, the Company acquired the business and substantially
all of the assets of Gemprint Corporation
("Gemprint"), which consist
primarily of a patented technology for non-invasive diamond identification
which Gemprint uses to digitally capture the unique refractive light pattern
(or "gemprint") of
each diamond that is processed with that technology.02 -- 0. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands
, except share data)
(unaudited)
Six Months Ended
December 31,
2005 2004
OPERATING ACTIVITIES:
Net income from continuing operations $1,533 $2,239
Adjustments to reconcile net income
to net cash provided by operating activities:
Depreciation and amortization 261 253
Loss on disposal
of fixed assets 3 --
Provision for doubtful accounts
32 5
Loss on termination of sublease 83
--
Stock-based compensation 265 --
Deferred
income taxes 1,306 1,431
Changes in operating assets and liabilities:
Short-term investments (2,086) (4,125)
Accounts receivable
276 (18)
Inventories
7 67
Prepaid expenses and other current assets (132) (235
)
Refundable income taxes -- 13
Other assets
-- (17)
Accounts payable
(53) (43)
Accrued liabilities (143)
829
Accrued compensation and benefits (543) (161)
Deferred
rent and other long-term benefits 52 49
Deferred revenue
101 133
Net cash provided by operating activities 962
420
INVESTING ACTIVITIES:
Capital expenditures
(558) (112)
Collections on receivables on sales of
discontinued operations
15 1,069
Purchase of businesses, net of cash
acquired
(13,962) --
Advances on notes receivable
(78) (2,307)
Cash received on sale of discontinued
operations
128 --
Collection on notes receivable
1,567 611
Net cash used in investing activities (12,888)
(739)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options
51 197
Net cash provided by financing activities 51 197
Net cash provided by operating activities
of discontinued operations
130 407
Net increase (decrease) in cash and
cash equivalents
(11,745) 285
Cash and cash equivalents at beginning
of period 65,439 21,454
Cash and cash equivalents
at end of period $53,694 $21,739
SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:
Interest paid $8 $--
Income taxes paid $78 $10
Effective July 14, 2005
, the Company
acquired CoinFacts. The Company broadcasts
business and industrial auctions
over the Internet for auctioneers and
members of the National Auctioneers Association (NAA) and art
, antique and
collectible auctions for numerous galleries and auction houses around the
world through
eBay Live Auctions."
These forward-looking statements fall within the meaning of Section 27A of
the
Securities Act of 1933 and Section 21E of the Securities Act of 1934
and are subject to the safe
harbor created by these sections.
More than 650 exhibitors will showcase their products and services
.
-- Several experts will offer a host of gardening-related seminars.m.flatware troughs
02 per diluted
share
, for the second quarter this year compared to a loss of $7,000 for the
second quarter of prior year
. Those increases were primarily attributable to: (i) expenses
of approximately $341,000 and $774
,000, respectively, incurred in the three
and six months ended December 31, 2005 in connection with
the Company's new
businesses including primarily non-recurring costs associated with the
upgrading
and expansion of the Company's internal computing systems to support
those new businesses; (ii) increases
of $228,000 and $375,000, respectively,
in legal fees and related costs incurred primarily in connection
with the
previously reported and now concluded Miller case which went to trial in the
quarter
ended December 31, 2005, although an appeal may be heard within
approximately two years and (iii
) the recognition of $76,000 and $151,000,
respectively, of stock-based compensation due to the adoption
of SFAS No. The
Company paid a purchase price of $7.001 par value; 5,000
shares authorized;
no shares issued or
outstanding -- --
Common stock, $.20 $0.
"This is the biggest and most diverse show that we have ever
done," said
Jessica Boweak of dmg world media, the producer of the show. "The lineup of
speakers
, the variety of topics and the elaborate displays that are planned
will be nothing like our visitors
have ever seen and nothing like they can get
at any other show.
-- Bonnie Lindberg and Jim
Marrinan of Appraisal Specialists will offer
free antique appraisals.royka troughs
For the six
months ended December 31, 2005, net income was $1.
General and Administrative Expenses.0
million of cash to fund acquisitions during the first six months of
fiscal 2006.m.02 (0.PRESS
RELEASE Ableauctions to Host Movieland Celebrity Wax Museum Auction on eBay Live Auctions -- Take Advantage
of This Event and Take Hollywood Home
retablos restorers
08
per diluted share, compared to $921,000, or $0. Per
share data for the quarter ended December
31, 2005 was computed on the basis of a weighted average
of 8.2 million, or $0.17 per diluted share, compared to $2. That decline was primarily due to a $942
,000, or
17%, decrease in coin grading revenues, which was offset somewhat by the
increase in revenue
from Other Collectibles of $419,000, or 82%. While we undertake
this expansion, we also expect that
marketing and G+A costs will rise in a
sensible fashion as we invest in the continuing operations
of these new
business enterprises."
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.
Additional information regarding these and other risks and uncertainties to
which our business is subject is contained in our Annual Report on Form 10-K
for our fiscal year
ended June 30, 2005 which we filed with the Securities and
Exchange Commission on September 13, 2005
or in our Quarterly Report on Form
10-Q for the fiscal second quarter ended December 31, 2005. AND
SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
as of
December 31, 2005 and June 30, 2005
(in thousands, except per share data)
(unaudited)
December 31, June 30,
2005
2005
ASSETS
Current assets:
Cash and cash equivalents
$53,694 $65,439
Short-term investments 2,086 -
-
Accounts receivable, net of allowance for
doubtful accounts of $30 (December)
And $38 (June) 1,359 1,508
Inventories, net
429 436
Prepaid expenses and other current assets
1,266 1,102
Customer notes receivable 71
1,560
Deferred income taxes 1,541 2,854
Receivables
from sale of net assets of
discontinued operations 393
63
Current assets of discontinued operations
held for sale
209 365
Total current assets 61,048
73,327
Property and equipment, net 1,445 857
Goodwill and other intangibles 14,096 79
Deferred income taxes
679 1,051
Notes receivable from sale of net assets
of discontinued operations 365 --
Other assets
110 174
Non-current assets of discontinued
operations held for sale 2 46
$77,745 $75,534
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $1,054 $753
Accrued liabilities 1,773 1,563
Accrued compensation
and benefits 695 1,069
Deferred revenue
1,175 1,001
Current liabilities of discontinued
operations held for
sale 26 27
Total current liabilities
4,723 4,413
Deferred rent and other long-term liabilities 438
555
Commitments and contingencies
Stockholders' equity:
Preferred stock
, $.02 (0.
Asset Reliance, as a full service valuation research and asset disposition
firm
, has been in the business of providing services such as: liquidations
and auction services, remarketing
, surplus equipment buying, asset
brokerage, and inventory and business appraisals for almost 15 years
.com
Ableauctions.com.
There also will be a play area for kids and parents hosted by
Discovery
Toys.retablos restorer
(Nasdaq: CLCT), a leading provider of value-added
authentication and grading services
to dealers and buyers and sellers of
high-value collectibles and diamonds, today announced financial
results for
the second fiscal quarter ended December 31, 2005.02 per diluted
share, as compared
to a loss from discontinued operations of $76,000, or $0.
GCAL plans to incorporate the Gemprint
process into its diamond grading
process, so that each GCAL graded diamond will also carry a Gemprint
image
stored in GCAL's registered database; thereby enabling GCAL to provide an
additional measure
of protection against misrepresentations of diamond quality
that can occur by, for example, switching
a diamond grading certificate issued
for a higher quality diamond to a lower quality diamond.collectors
.001 par value; 45,000
shares authorized; shares issued and
outstanding of 8,614
at December 31, 2005
and 8,610 at June 30, 2005 9 9
Additional paid-in capital 78,910 78,594
Accumulated
deficit (5,314) (7,016)
Treasury stock, at cost (125 shares
) (1,021) (1,021)
Total stockholders' equity 72,584
70,566
$77,745 $75,534
COLLECTORS UNIVERSE, INC.01)
Net income $0. In addition, the
Company realized a gain of $293,000 on the
disposal of one of its collectible sales businesses which
proceeds were
received subsequent to December 31, 2005.com, Naalive.
In addition, visitors
can take in the season's full bloom with a stroll
through 12 fully landscaped indoor gardens, as
well as view stunning floral
displays by the area's top floral designers or participate in one of
several
informative seminars on topics including designing a dream kitchen to
appraising antiques
.m.flatware ampex
Overview.14 per diluted share, for the second quarter of last year
while income from
discontinued operations was $181,000, or $0. Income from continuing
operations was $1. 107 which
, in the Company's case, became effective as
of July 1, 2005.
Net revenues in the six months
ended December 31, 2005 increased by
$96,000, or about 1%, as compared the same six months of 2004
, primarily as a
result of an overall increase of 5% in the number of collectibles graded and
authenticated
this year as compared to last year.
Selling and Marketing Expenses. 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.09 $0. (AMEX: AAC) is a high-tech liquidator and on-line
auction facilitator that
operates the domains iCollector.
Minneapolis
When: Wednesday, March
1, 2006 - Sunday, March 5, 2006
Hours: Wednesday 2 p.50 for children age 6-12
Kids age 5 and under are free
*Adult tickets purchased online will be
discounted
Buy tickets online and save: http://www.com
For more information: http:
//www. An item may be considered an antique if it is at least 100 years old, or according to U.
retablos metalware
34 per
diluted share, for the same six months last year, while
income from discontinued operations totaled
$169,000, or $0. The conference call,
featuring Chief Executive Officer Michael Haynes and Chief
Financial Officer
Joe Wallace, will be available live via the Internet. iCollector's technology
enables
auction houses to open their establishments to the world by
allowing online bidders to participate
in real-time on the auction floor.com or
(www.com,
Unlimited Closeouts.ableauctions.
What: Minneapolis Home and Garden Show - The Big One
Where: Minneapolis Convention
Center
1301 2nd Ave S.homeandgardenshow.restorers cohenour
Net revenues declined by $535,000, or 7
%, to $7.collectors.
For more information on this auction visit www.typewriters grundig
01
per diluted share, for
the same six months of the prior year. As previously reported, during the quarter ended
December
31, 2004, the Company paid $500,000 (net of a $100,000 insurance
reimbursement) to settle the Real
Legends lawsuit.
Forward Looking Information
This news release contains statements
regarding our expectations about our
future financial performance which are "forward-looking statements
" as defined
in the Private Securities Litigation Reform Act of 1995.36
Income (loss) from
operations of
discontinued
operations, net of
gains on sales of
discontinued
businesses (net of
income taxes) 0.
As a liquidator
, the Company, through Unlimited Closeouts and iTrustee,
purchases overstocks, order cancellations
and discontinued products from
major manufacturers and importers, then sells the merchandise to major
retail chains, other resellers or the public.m. - 6 p.phonographs metalware
14 per diluted share, for the
same quarter
last year. The Company has no debt and continues to be able to fund
operations with internally generated
cash flow. Now that we are expanding into
other large markets including the diamond market, we anticipate
that customer
concentration will not be as significant a consideration. Our other markets, although
less significant than coins, have been
experiencing satisfactory growth. We also disclaim any obligation
to update
forward-looking statements contained in this news release.
949-567-1245
212-481-3019
Email: ingrid@thepiacentegroup.14 $0.com in a transaction
summarized as follows:
Goodwill $515
--
Cash paid (515) --
Effective
September 2, 2005, the Company
acquired Certified Coin Exchange (CCE)
in a transaction
summarized as follows:
Fair value of net liabilities assumed (19) --
Deferred taxes recognized at acquisition (379) --
Intangible assets
947 --
Fair value of CTP, including net assets
600 --
Goodwill 1,201
--
Purchase price, net of cash acquired (2,350) --
Effective
November 8, 2005, the Company
acquired Gem Certification and Appraisal
Lab (GCAL) in
a transaction summarized
as follows:
Fair value of net assets acquired
150 --
Intangible assets 53 --
Goodwill 3,043 --
Purchase price, net
of cash acquired (3,246) --
Effective December 22, 2005, the Company
acquired the business of Gemprint
Corporation in a transaction summarized
as follows:
Fair value of net assets acquired 85 --
Intangible assets
3,444 --
Goodwill
4,869 --
Purchase price, net of cash acquired (8,398)
--
SUPPLEMENTAL DISCLOSURE OF NON CASH INVESTING ACTIVITIES:
In connection with
the sale of CTP, the Company received note receivable
of $458,000.com is the pre-eminent supplier
of live online auction
technology and services to some of the world's most prestigious galleries
and industrial auction houses and operates one of the largest eBay Live
Auction sales and support
centers in the world.com Inc. The words or
phrases "would be," "will allow," "intends to," "may
result," "are expected
to," "will continue," "anticipates," "expects," "estimate," "project,"
"indicate," "could," "potentially," "should," "believe," "considers" or
similar expressions are intended
to identify "forward-looking statements.
Rows and rows of exhibitors also will be showcasing
the
very latest in home improvement products and services, with a depth and
breadth of offerings
unmatched at any other home show in Minnesota.
rarity lithographs
A replay will be available through
February
23, 2006, by dialing 303-590-3000 or 800-405-2236 and entering the
passcode 11053128#.com
iCollector
.inkwells grundig
The decrease in coin grading revenues was the
result of (i) a 15% decline in coins graded that
was primarily attributable to
a decline in modern coin submissions from one of our larger customers
that
accounted for approximately 5% of our net revenues in this year's second
quarter, down from
approximately 11% in the same quarter last year, due to a
serious illness sustained by its owner
(ii) a decrease in the average of the
selling prices of our modern coin grading services and (iii
) a return to the
seasonal level of activity in the coin market consistent with historical
trends
.4 million as of June
30, 2005.
Acquisitions Consummated in this Year's Second Quarter
As previously reported, on November 8, 2005, the Company acquired Gem
Certification + Appraisal
Lab ("GCAL"), a forensic gemological certification
and grading laboratory, and two smaller related
businesses, for an aggregate
purchase price of $3 million plus the assumption of certain
transaction
-related costs of $50,000. When examined
over a multi-year period, the revenues from our second fiscal
quarter have
been increasing at a satisfactory annual rate. Since the rise in gold prices normally
provides a lift
in our coin business on about a 3 to 6 month lag, we anticipate that coin
related
services will continue to recover over the remainder of the fiscal
year.
-- Karen Neuburger
, Oprah's favorite pajama designer, will host
"Girlfriend Garden Parties. For more information
on dmg world media please visit
http://www.grundig lithographs
Gross Profit. This reduction was attributable
to the use of approximately
$14.com,
under the investor information section.07 $0.m.millstones metalware
A community sponsored library.
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