Collectors Universe Acquires Assets of CoinFacts.com, Inc. Acquisition Increases Website Content and Adds Valuable Information for the Company's Clients
States and world coins, and entertainment memorabilia. 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 the forward-looking statements contained in this news release, due to a number of risks and uncertainties. Those risks and uncertainties include, but are not limited to the following:
* possible 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 cause a reduction in
authentication and grading submissions and, therefore, also in the
fees we are able to generate;
* a lack of diversity in our sources of revenues and our dependence on
collectible 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 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 and reduce our overall profitability or cause us to
incur losses;
* the risk that we will not be successful in integrating into our
operations any new businesses we might acquire or commence 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, therefore, hurt our
profitability.
* the risk that we will not be able to deploy our cash resources on an
efficient or expeditious basis, which could hurt the return on
stockholders equity that we are able to generate.
Additional information regarding these and other risks and uncertainties that could cause our future financial performance to differ from our current expectations is contained our Prospectus, dated February 16, 2005, as filed
