Collectors Universe and Topps Team Up to Offer Authenticated Single Signed Baseballs
13 Septembre 2005 - 6:36PM
PR Newswire (US)
NEWPORT BEACH, Calif., Sept. 13 /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, announced today its
agreement with The Topps Company, Inc. (NYSE:TOPP) to authenticate
single signed baseballs through a Collectors Universe division
PSA/DNA Authentication Services, or PSA/DNA. The PSA/DNA
authenticated baseballs will be distributed and sold by Topps
through Sam's Clubs around the United States. PSA President Joe
Orlando commented, "We are quite pleased that Topps, our long time
friends in the sports card market, have expanded their offerings to
include autographed items authenticated by PSA/DNA. We believe
Topps has entered a market with an excellent product with PSA/DNA
authenticated single signed baseballs and we believe that we can
continue to grow this relationship with other PSA/DNA authenticated
products." "Genuine and authentic autographed sports merchandise is
a product line that can satisfy huge demand by collectors and
sports fans," stated Michael Haynes, Chief Executive Officer of
Collectors Universe. "Topps, one of the largest distributors of
sports collectibles, recognizes this demand for different, unique
and personalized items, and the need for the consumer confidence
provided by authenticity services from PSA/DNA. This co-branded
offering brings together two superb sports brands in Topps and
PSA/DNA to address what we believe is a very large market that up
until now could only be satisfied with look-alike logo apparel."
About Collectors Universe Collectors Universe, Inc. is a leading
provider of value added services to the high-end collectibles
market. The Company authenticates and grades collectible coins,
sports cards, autographs and stamps. The Company also compiles and
publishes authoritative information about United States and world
coins, collectible sports cards and sports memorabilia and
collectible stamps. This information is accessible to collectors
and dealers at the Company's web site, http://www.collectors.com/,
and is also published in print. 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. 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." Our financial
performance in the future may differ, possibly materially, from our
current expectations as set forth in this news release due to a
number of risks and uncertainties. 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; 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 cause us
to incur losses; the risk that our strategy to exit the
collectibles sales business and focus substantially all of our
resources on our authentication and grading businesses will not be
successful in enabling us to improve our profitability over the
longer term or to grow our existing businesses or expand into new
collectibles or high value asset markets; and. if we grow our
business by acquiring any existing or commencing any new
authentication and grading businesses, the risks that we will be
unable to successfully integrate those businesses into our
operations, that those businesses will not gain market acceptance;
and that business expansion may result in a costly diversion of
management time and resources and increase our operating expenses.
Additional information regarding these and other risks and
uncertainties to which our business is subject is contained in our
Prospectus dated February 16, 2005 as filed with the Securities and
Exchange Commission pursuant to Rule 424(b) under the Securities
Act of 1933, as amended. Due to the above-described risks and
uncertainties and those described in that Prospectus, 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. Contacts: Mike Lewis Brandi Piacente Chief Financial
Officer Investor Relations Collectors Universe The Piacente Group,
Inc. 949-567-1375 212-481-2050 Email: Email: DATASOURCE: Collectors
Universe, Inc. CONTACT: Mike Lewis, Chief Financial Officer of
Collectors Universe, Inc., +1-949-567-1375, ; or Investor
Relations, Brandi Piacente of The Piacente Group, Inc.,
+1-212-481-2050, , for Collectors Universe, Inc. Web site:
http://www.collectors.com/
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