NEWPORT BEACH--- Collectors Universe Acquires Assets of CoinFacts.com, Inc.
Collectors Universe, Inc. (NASDAQ:CLCT) , a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today reported the completion of the acquisition of a substantial portion of the assets of CoinFacts.com, Inc., which operates an internet website on which it publishes detailed proprietary information and history on rare U.S. coins. Among the assets acquired by the Company were the Coinfacts name, its internet website and the proprietary information relating to rare U.S. coins that is owned by CoinFacts.com, Inc. The Company paid a cash purchase price of $500,000 for these assets.
The CoinFacts.com website, which can be found at www.CoinFacts.com, offers specific information about each date and mintmark combination of U.S. coins from Colonial Coins minted prior to the organization of the United States to the earliest U.S. coins such as the Liberty Cap Half Cent of 1794 and the Flowing Hair Chain Reverse Large Cent of 1793 and then to the most recent examples of the Fifty State Quarters(TM) minted in 2005 and the One Ounce American Eagle Gold Bullion Coin and One Ounce Silver Eagle Bullion Coin currently produced by the U.S. Mint.
Overall, the website and associated information provide pages for 28 major categories of U.S. coins, such as the Twenty Dollar Gold or Double Eagle, pages for 77 subcategories, such as the St. Gaudens Twenty Dollar Gold and hundreds of pages for individual U.S. coins such as the 1907 St. Gaudens Twenty Dollar Gold. Data for each of the individual coins include a high quality image, the mintage, the designer, diameter, metal content, weight, edge design, available mintmarks, varieties, historical notes, recent appearances at auction and recommended reading.
Michael Haynes, the Company's Chief Executive Officer, stated, "Our acquisition of these CoinFacts.com assets serves to extend the content of our coin related site at www.pcgs.com as we continue to add quality information that our users find desirable. We expect to increase the web traffic to our site as a result of the inclusion of the CoinFacts.com information and thereby enhance the value of our website. In addition, we are adding inventory to our advertising pages that we expect will contribute advertising revenues in the very near term. We also plan on integrating CoinFacts.com information into our Set Registry and other online databases so that our users can increase their knowledge and enjoyment of the coins that they own or would like to own. This acquisition is another step in the execution of our plans to increase our penetration into existing markets, monetize our databases and expand our advertising revenues."
About Collectors Universe
Collectors Universe, Inc. is a leading provider of value added services to the high-value collectibles markets. The Collectors Universe brands are among the strongest and best known in their respective markets. The Company authenticates and grades collectible coins, sports cards, autographs, stamps and paper currency. The Company also compiles and publishes authoritative information about collectible sports cards and sports memorabilia, United 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.