Published: July 05, 2011
Dallas Gold & Silver Exchange Deploys RFID Solution from EIS to Automate Inventory Count and Improve Article Surveillance
DALLAS - (BUSINESS WIRE) - Dallas Gold & Silver Exchange (NYSE Amex: DGSE) recently deployed a radio-frequency
identification (RFID) inventory management solution from Electronic
Inventory Solutions (EIS) in its showroom stores in Texas, California,
and South Carolina for the dual purposes of automating the inventory
count process and adding additional physical security. Using RFID tags,
handheld RFID readers and EIS software, DGSE has achieved significantly
reduced inventory count times (up to 85%), increased inventory accuracy
(99.7%) and improved inventory control processes which cumulatively will
improve margins across the entire organization
Working with DGSE, EIS delivered an RFID solution using near field RFID
tags, RFID handheld readers, the EIS Portal System and EIS proprietary
software that is integrated into DGSE's proprietary point-of-sale (POS)
system. The solution allows DGSE to use the same RFID tag to provide
tighter inventory management and an additional layer of physical
security within DGSE's inventory management processes.
Diane Goff, DGSE's Manager Internal Controls said, "EIS was able to
provide us with a complete RFID solution that met our current needs and
budget and a clear path to deploy the solution across all of our
operations."
Darryl Hubbard of EIS observed, "DGSE wanted an RFID solution that would
provide an immediate ROI by reducing inventory count cycles and stronger
article surveillance. In addition to working within their POS system,
the solution also had to be expandable to meet future RFID needs as DGSE
continues to grow its presence in targeted markets. In the future, DGSE
is positioned to move to real-time inventory control including the
ability to track the movement of both inventory items and employees."
About Electronic Inventory Solutions: Founded in 2003, Electronic
Inventory Solutions, Inc. (EIS) is an IT solutions company providing
item-level radio frequency identification (RFID) systems to high value
markets. We design and manufacture hardware, develop software and
integrate RFID components from third-party vendors into total customer
solutions. www.rfid-sys.com
DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds,
fine watches, and precious metal bullion and rare coin products to
domestic and international customers through its Dallas Gold and Silver
Exchange, Charleston Gold and Diamond Exchange, Superior Gold & Diamond
Exchange operations as well as through the internet. DGSE also owns
Fairchild International, Inc., one of the largest vintage watch
wholesalers in the country. In addition to its retail facilities in
Dallas and Euless, Texas, Charleston, South Carolina and Woodland Hills,
California, the Company operates internet websites which can be accessed
at www.dgse.com
and through Superior Gold & Diamond Exchange website at www.sgde.com
and Charleston Gold & Diamond Exchange at www.cgdeinc.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.
DGSE also purchases precious metals, rare coins, watches, diamonds and
jewelry through www.AmericanGoldandSilverExchange.com,
and over 900 supporting websites. DGSE also operates an independent
website at www.dgsetreausurehunt.com
that allows consumers to purchase one of a kind items collected
throughout its system. DGSE BullionExpress are specialty precious metals
stores currently located in Dallas, Texas and Woodland Hills, California.
The Company is headquartered in Dallas, Texas and its common stock
trades on NYSE Amex Exchange under the symbol "DGSE" .
This press release includes statements which may constitute
"forward-looking" statements, usually containing the words "believe"
"estimate," "project," "expect" or similar expressions. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors that would cause or contribute to such differences include, but
are not limited to, continued acceptance of the Company's products and
services in the marketplace, competitive factors, dependence upon
third-party vendors, and other risks detailed in the Company's periodic
report filings with the Securities and Exchange Commission. By making
these forward-looking statements, the Company undertakes no obligation
to update these statements for revisions or changes after the date of
this release. In addition to the results presented in accordance with
Generally Accepted Accounting Principles throughout this press release,
DGSE has presented non-GAAP financial measures such as EBITDA. The
Company believes that these non-GAAP measures, viewed in addition to and
not in lieu of the Company's reported GAAP results, provide useful
information to investors because they are an integral part of the
Company's internal evaluation of operating performance. In addition,
they are measures that DGSE uses to evaluate management's effectiveness.
DGSE's non-GAAP financial measures may not be comparable to similarly
titled measures presented by other companies.

DGSE Companies, Inc.
William Oyster, 972-484-3662
President
and Chief Operating Officer
or
Investor Relations:
Feagans
Consulting, Inc.
Neal Feagans, 303-449-1184
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