Universal Coin & Bullion Acquires 1st Capital Reserve
Universal Coin & Bullion broadened its numismatic footprint with its acquisition of 1st Capital Reserve, a private Texas company that had been serving the numismatic community for the last three and a half years. The acquisition went into effect in the beginning of January 2007.
Beaumont, Texas (PRWEB) February 9, 2007 -- Universal Coin & Bullion broadened its numismatic footprint with its acquisition of 1st Capital Reserve, a private Texas company that had been serving the numismatic community for the last three and a half years. The acquisition went into effect in the beginning of January 2007.
Universal Coin & Bullion, a trusted name in the rare coin and precious metal industries clearly possesses the creative management and advanced technology to offer more services and benefits to its newly acquired clients. Their emphasis on competitive pricing, customer service and client education provides a diversified environment that should please both 1st Capital's occasional coin buyer and even their most sophisticated professional. Universal Coin & Bullion offerings primarily include collectible gold, silver, and platinum coins.
Mike Fuljenz, president of Universal Coin & Bullion felt that the acquisition would benefit 1st Capital's Clients because of his company's buying ability and stronger name recognition. He said, "There are many synergies between these two companies that make this acquisition a compelling strategic fit and a value-adding transaction to our combined client base. We will build upon both companies' operating excellence and community commitment. We have retained the 1st Capital account representatives to continue servicing their existing clients. We will continue the transition until all 1st Capital's clients are unified under the Universal Coin & Bullion name. We welcome the opportunity to introduce 1st Capital's clients to the full range of Universal services. Our highest priority is to ensure that the merger is smooth for our clients and that they are comfortable and confident with our strategy of service continuity. This merger is a major milestone in our strategy to evolve into a stronger provider to the numismatic community."
Established in 1994, Universal Coin & Bullion is headquartered in Beaumont, Texas, and is a leader in the precious metal markets and numismatic community. It serves tens of thousands clients with expert consultation and assistance in the acquisition of American numismatic rarities and gold, silver and platinum bullion. It employs over fifty local residents on a full-time basis who serve a nationwide clientele of elite coin collectors. Universal Coin and Bullion is also a member of both the Southeast Texas Chapter of the Better Business Bureau and the Better Business Bureau online and supports numerous local organizations including the L.L. Melton YMCA, Lamar University, The 100 Club of Jefferson & Hardin County and The Garth House. Its president, Mike Fuljenz has received 24 Numismatic Literary Guild (NLG) Awards, including three NLG Book of the Year awards, and eight awards for his investment newsletter, Investor's Profit Advisory. Mister Fuljenz has also previously served as the committee chairman for the American Numismatic Association's grading service and received a prestigious 'American Numismatic Presidential Service Award.' "
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