Internet Retailer Buys Video Catalog Channel

July 9, 1999

Internet Retailer Buys Video Catalog Channel

Dallas Gold & Silver Exchange Inc., an on-line and store-based wholesaler and retailer of diamonds and jewelry, agreed in principle to acquire Video Catalog Channel, a cable- and satellite-based home shopping network that specializes in antiques and collectibles. The company did not disclose a price.

DGSE plans to develop an Internet presence for VCC, which is based in Knoxville, TN. A software package called Virtual Auctioneer will allow on-line users to participate in VCC's broadcasts via the Internet, says DGSE President William Oyster.

DGSE already operates a retail jewelry Web site (www.dgse.com), a free precious metals site (www.usbullionexchange.com) and a new closeout auction site (www.firstjewelryauctions.com).

- by Stacey King