Envela Subsidiary DGSE Opens New Lewisville Retail Store
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Envela Subsidiary DGSE Opens New Lewisville Retail Store

Monday, November 2, 2020 9:00 AM
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DALLAS, TX / ACCESSWIRE / November 2, 2020 / DGSE, LLC ("DGSE"), a subsidiary of Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced that it opened its Dallas Gold & Silver Exchange retail building in Lewisville, Texas.

"Our customers are at the center of everything we do, and we couldn't be more thrilled to welcome customers to our new amazing space," said Scott Mosley, President of DGSE. "We hope to expand our customer base in that area and so far, the Lewisville store has had better than anticipated traffic and exceeded our expectations for buy, sell and trade. We want to continue to invest in new locations to bring the DGSE experience to a wider customer base."

Brick-and-mortar expansion remains a top priority and strong growth opportunity for DGSE. DGSE plans to maintain cutting-edge technologies, an inviting product selection, and excellent customer service to expanding locations.

During the next two years, DGSE anticipates providing omnichannel and immersive consumer experiences to its customers, and opening even more retail locations. DGSE announced the purchase of another retail location in Grapevine, Texas expected to open in the fourth quarter of this year.

About DGSE

DGSE focuses on sustainable, authenticated recommerce of luxury brands and diamonds. Its retail strategy is anchored in being an information resource for clients, bringing transparency to purchase and sale transactions, and offering value and liquidity to those seeking to buy, sell or trade jewelry, watches, diamonds or coins.

DGSE wholesales and retails jewelry, diamonds, fine watches, and precious metal bullion and rare coin products through its Charleston Gold & Diamond Exchange, Est.1999, (www.cdgeinc.com) and Dallas Gold & Silver Exchange, Est. 1978, (www.dgse.com) operations.

DGSE strives to deliver an unrivaled customer experience. It features a broad selection of high-quality vintage and new jewelry, precious-metal bullion, rare coins, fine timepieces and diamonds, together with value pricing and a customer-friendly sales process.

DGSE has specialized in buying and selling jewelry for over 40 years, making our expert staff among the best in the business.

About Envela

Envela and its subsidiaries engage in diverse business activities within the recommerce sector. These include one of the nation's premier authenticated recommerce retailers of luxury hard assets; end-of-life asset recycling; data destruction and IT asset management; and providers of products, services and solutions to industrial and commercial companies.

Envela operates primarily via two business segments. Through DGSE, LLC, the Company will operate its Dallas Gold and Silver Exchange, Charleston Gold & Diamond Exchange, and Bullion Express brands. Under ECHG, LLC, it will operate Echo Environmental, ITAD USA and Teladvance. Envela is a Nevada corporation, headquartered in Dallas, Texas.

Additional information about Envela is available at its investor-relations site, Envela.com.

Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, including statements regarding potential property acquisitions, future growth, business strategies, and the future success of DGSE. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, market conditions and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

Investor Relations Contact:

David Vadala
Head of Investor Relations
Envela Corporation
13022 Preston Rd Dallas, TX 75240
972.587.4030

SOURCE: Envela Corporation

Envela Corporation
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