(Newport Beach, Calif.) – Publicly-held Collectors Universe, Inc. (NASDAQ: CLCT), Newport Beach, California, has acquired Expos Unlimited L.L.C., Santa Barbara, California, owners and managers of the popular Long Beach and Santa Clara Coin, Stamp & Collectibles Expos.
Expos General Chairman, Ronald J. Gillio, and his Santa Barbara-based tradeshow team will continue to manage the Northern and Southern California collectibles shows for at least five years. There are three annual Long Beach events and two annual Santa Clara shows that each attracts thousands of collectors and dealers.
Collectors Universe is the parent company of Professional Coin Grading Service (PCGS) and other corporate divisions that certify stamps, sports-related items, autographs and diamonds.
“Our strategic acquisition of Expos underscores our mission to enable and facilitate transactions in our targeted collectibles markets. The Long Beach Expo is one of the most important shows in the coin business, and this acquisition secures this venue for the future,” said David Hall, President of Collectors Universe.
“The Long Beach show is an institution in the coin market. I went to my first coin show in 1966, and it was the Long Beach show! With this acquisition, we help secure this important coin market venue for future collectors and dealers,” Hall explained.
“The Long Beach Expo has been one of the most important collectibles shows in the world for over 40 years, and it is the only private, for-profit large convention of its kind. By acquiring Expos Unlimited, we believe we can both build on the success of this show in the coin business and also expand and add other collectibles categories, such as stamps and sports.”
Collectors Universe paid $2.4 million in cash at closing for Expos Unlimited. The total consideration for Expos also includes certain contingent payments up to an aggregate of $750,000 which depend on the financial performance of Expos over the next five years.
“I’m excited for Expos to become a Collectors Universe company,” said Gillio.
“I’ve known CEO Michael Haynes and Collectors Universe co-founders, David Hall and Van Simmons, for many years. PCGS’s participation at the shows as a table holder, numismatic consultant and on-site grader, has significantly contributed to the success of our shows. PCGS was the first corporate sponsor of the Long Beach show in 1996, and the list of sponsors has grown to include such outstanding companies as eBay,” said Gillio.
“By teaming up with Collectors Universe, we foresee additional opportunities to make the Long Beach and Santa Clara Expos even more vital to the collecting interests of our core coin and stamp enthusiasts and dealers. In addition, we plan to explore the possibilities for leveraging Collectors’ deep relationships and expertise in other high-value asset classes, such as autographs and sports memorabilia, to create new and exciting exhibition opportunities for our venues.”
Heritage Auction Galleries, Dallas, Texas, is the official numismatic auctioneer for the Long Beach Expos, and Superior Galleries, Beverly Hills, California, is the official numismatic auctioneer for the Santa Clara Expo.
The next Long Beach Coin, Stamp & Collectibles Expo will be held September 14 – 16, 2006 in the Long Beach, California Convention Center. The next Santa Clara Expo will be conducted November 16 – 19 in the Santa Clara Convention Center.
For additional information, contact the Expo office, 8 West Figueroa St., Santa Barbara, CA 93101. Phone: (805) 962-9939. Online at www.LongBeachShow.com and www.SantaClaraExpo.com.
Collectors Universe, Inc. is a leading provider of value added services to the high-value collectibles and diamond markets. The company authenticates and grades collectible coins, sports cards, autographs, stamps, currency and diamonds. The company also compiles and publishes authoritative information about United States and world coins, collectible sports cards and sports memorabilia, collectible stamps and diamonds. The information is accessible to collectors and dealers at the company’s web site, www.collectors.com, and is also published in print.