Collectors Universe Provides New Business Update Regarding the Coronavirus Pandemic
COLLECTORS UNIVERSE (CLCT)
US:NASDAQ Investor Relations:
investors.collectors.com/investor-relations
Company Research
Source: GlobeNewswire
NEWPORT BEACH, Calif., April 15, 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 new business update. As we previously reported, the Company ceased authentication and grading operations in California on March 20, 2020 in response to a state-wide “shelter-in-place” order issued by the Governor of California. However, we have recently resumed our coin, trading card and memorabilia authentication and grading operations, albeit on a limited basis, primarily to assist dealers of investment assets, consisting of coin and other high-value collectibles, and our other customers in selling those assets and enhancing their liquidity. As we have previously stated, we believe that our authentication and grading services add value to these investment assets by enhancing their marketability and, thereby, increasing liquidity to the dealers
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