Collectors Universe Provides Business Update Regarding the Coronavirus Outbreak and its Anticipated Effects on Future Financial Results
COLLECTORS UNIVERSE (CLCT)
US:NASDAQ Investor Relations:
investors.collectors.com/investor-relations
Company Research
Source: GlobeNewswire
NEWPORT BEACH, Calif., March 25, 2020 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (NASDAQ: CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of collectibles, is providing the following business update. On March 19, 2020, the Governor of California, Gavin Newsom, issued a “shelter-in-place” order for the entirety of the State of California. That order became effective on March 20, 2020 and will, by its terms, continue in effect indefinitely until further notice, except for businesses that engage in essential activities. In light of the widespread concerns about the spread and the health risks posed by the coronavirus outbreak, on March 20, 2020 we decided to cease our coin, sports card and memorabilia authentication and grading operations in California, at least temporarily, to enable us to listen to any concerns that our employees might have and to determine our options in responding to the coronavirus outbreak. Those op
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