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B&M/CU Press Release

EVillageProwlerEVillageProwler Posts: 5,856 ✭✭✭✭✭
I got this today, and feel that it would be of broad interest to folks here.

EVP

---

From: Donnpr@aol.com [mailto:Donnpr@aol.com]
Sent: Friday, March 28, 2003 8:42 AM
To: undisclosed-recipients
Subject: PR: Bowers And Merena On The Move

The press release below is distributed on behalf of Bowers and
Merena/Collectors Universe, Inc. by Donn Pearlman.
-donn-
-------------------------------------

For immediate release
March 28, 2003

Media contacts:
Paul Montgomery (800) 458-4646
Ron Smith (949) 567-1353

-- Collectors Universe News Alert --

BOWERS AND MERENA ON THE MOVE

(Wolfeboro, NH) - To improve its operations and take advantage
of existing numismatic and marketing resources in Louisiana
and California, Bowers and Merena (www.BowersandMerena.com)
will move many its operations out of New Hampshire by mid-
May. Some retail operations will remain in New Hampshire.

The company is a division of Collectors Universe, Inc., based
in Santa Ana, California.

"Our numismatic customers will benefit because we will be able
to improve our service level and reduce response time while
moving our consignment deadlines closer to the auction dates.
With our upcoming sales at the Mid-America Coin Convention
near Chicago in June, and as the official auctioneer for the
American Numismatic Association's World's Fair of Money in
Baltimore in July, we will be able to increase our capability
to produce an even higher quality catalog," said Paul
Montgomery, President of Bowers and Merena.

Montgomery is the former President and Chief Executive Officer
of Jefferson Coin & Bullion in Louisiana. He became President
of Bowers and Merena in Wolfeboro, New Hampshire in mid- January after
founder, Q. David Bowers, personally notified
the Collectors Universe Board of Directors in early December
that he would resign.

"Long-time staff member and Senior Numismatist, Mark
Borckardt, and other Bowers and Merena staff members will
continue to oversee numismatic sales, auctions and the writing
of catalogs at the new location in New Orleans. The print
production of the catalogs and our marketing and advertising
services will be coordinated through our parent company,
Collectors Universe in California, because of the tremendous
numismatic print and advertising resources available there,"
explained Montgomery.

"We are in the process of making relocation plans with a
number of Bowers and Merena staff members. I asked the staff
if they'd give up snow-filled winters, and many agreed, said
Montgomery."

Mail and phone calls will continue to be received at the
Wolfeboro location: P.O. Box 1224, Wolfeboro, NH 03894.
Phone: (800) 458-4646. Web: www.BowersandMerena.com.

How does one get a hater to stop hating?

I can be reached at evillageprowler@gmail.com

Comments

  • littlewicherlittlewicher Posts: 1,822 ✭✭
    So QDB did resign himself, not fired?


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • DCAMFranklinDCAMFranklin Posts: 2,862 ✭✭
    Another total and complete business blunder. A meaningful New England presence traded for LA exposure that is miniscule compared to the coin values held in the northeast. I thought the B&M deal would move to CA and would be able to use that $10MM to establish a significant auction business. Now, that money will go the direction of CU's stock price. Talk about pouring good money after bad! Wow. image
  • MrEurekaMrEureka Posts: 24,332 ✭✭✭✭✭
    How the heck can I have any respect for anything from a swamp?

    That's an odd comment for someone living so close to the Meadowlands!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • EVillageProwlerEVillageProwler Posts: 5,856 ✭✭✭✭✭
    Andy,

    ROFLMAO!!!

    EVP

    How does one get a hater to stop hating?

    I can be reached at evillageprowler@gmail.com

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    EVP: as far as we West Coasters are concerned, anything East of the Mississippi is East Coast. And technically, I'd say half of New Orleans qualifies! image

    Ok - it's a deal. No world headquarters move in return for continued stalking. Watch out tho - your k@cker spaniel aint the meanest b**** around! Now if you had a k@cker squirrel........ image
  • dragondragon Posts: 4,548 ✭✭
    Without Q. David Bowers, it doesn't much matter what B&M does IMO.
  • B/M was doomed in NH in January. The only reason that they were there was that David wanted to live there. He moved before he purchased B/R from General Mills. He then did what he has done time and time before, making a numismatic empire.

    For the life of me, I cannot see any reason for B/M to be in N.O. They should move to NB and be done with it. I don't know how Mark and John will be able to carry the cataloging load, but they are both excellent numismatists and catalogers. I wish them the best of luck in carrying on the CU venture.

    IMHO, CU should cut their losses and sell the company to QDB, if he wants it. He is the only one that can continue the "Bowers" tradition.

    Continuing a B/M name is meaningless without QDB, in NH or anywhere.
    PNG member, same identity as Julian, a veteran numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.

    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    myurl
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Hmmmmmmmmmm........ Borckardt & Montgomery...... image



  • I always thought the Swamp Thing had the hots for Adrieane Barbeau?imageimage That sounds like a nice New Orleans name, doesn't it?
    image
  • I'm sure they will be looking for salespeople to defect from Blanchard and other coin operations down in Louisiana and beef up the retail operation. Paul is surely capable of running that kind of operation. I wish him the best of luck.


    Let's see how future catalogues look.

    I hope Q. David opens up a new auction firm though. His little black book of significant rarities should not go to waste.
    Bob Green
    bgreen@parkavenumis.com
    800-992-9881
    Visit us at www.parkavenumis.com
  • orevilleoreville Posts: 12,078 ✭✭✭✭✭
    Drat!! Six months ago, I planned my summer vacation this summer in the White Mountains of New Hampshire and next summer in Western Maine just so I could sneak a day or two each summer in Wolfesboro!

    These are timeshare exchanges and are not reservations that can be easily changed.

    Besides I don't like taking summer vacations in Louisiana.

    B&M should have relocated to the Phiadelphia, PA area. That would have made the most sense.
    A Collectors Universe poster since 1997!
  • dbldie55dbldie55 Posts: 7,736 ✭✭✭✭✭


    << <i>I hope Q. David opens up a new auction firm though. His little black book of significant rarities should not go to waste. >>



    From what I have heard he already has.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • Mr. Julian,
    Just to let you know, John isn't with B and M anymore. He resigned a week or two ago...Nothing really left but Mark and Al Pinkall in sales...
  • Conder101Conder101 Posts: 10,536


    << <i>So QDB did resign himself, not fired? >>


    The press release is misleading. Bowers was fired as President of B&M but resigned from the board of Directors of CU after his firing from B&M.

    Sounds like they are moving at least part of their auction dept to CA. Everyone get ready to start paying CA 8% sales tax on their auction purchases.
  • Hey EVP, how did you get that news release and two, how do I get on that mailing list? It isn't on B&M's website, nor Collectors site nor is it in the news section of the stock symbol. I called up there today and John Pack is no longer there either.
  • CoinosaurusCoinosaurus Posts: 9,632 ✭✭✭✭✭
    EVP is a very well "coinnected" guy image

    Though I suspect, if you send an email to Donn Pearlman (donnpr@aol.com), he will add you to his email list - he does publicity for various coin related concerns now and again.
  • dbldie55dbldie55 Posts: 7,736 ✭✭✭✭✭


    << <i>Sounds like they are moving at least part of their auction dept to CA. Everyone get ready to start paying CA 8% sales tax on their auction purchases. >>



    Isn't that just California residents (which excludes me)?
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053

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