Collectors Universe Acquires Long Beach and Santa Clara Expos
Expansion of Sports Sections Planned
Discuss this news:
Publicly-held Collectors Universe, Inc. (NASDAQ: CLCT), Newport Beach, California, the parent company of
Professional Sports Authenticator (PSA) and PSA/DNA, 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.
In addition to PSA and PSA/DNA, Collectors Universe is the parent company of other corporate divisions that
certify coins, stamps, paper money 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 collectibles
business, and this acquisition secures this venue for the future," said David Hall, President of Collectors
"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, and also expand and add other collectibles categories, such as
sports and autographs."
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.
"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 hobby enthusiasts and dealers."
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, California
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
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.
Source: Collectors Universe, Inc.
Date: July 12, 2006
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