Spectrum Wine Auctions Announces Appointment of Amanda Crawford as President

IRVINE, Calif.--()--Spectrum Wine Auctions LLC, a subsidiary of Spectrum Group International, Inc. (SPGZ) and one of the world's leading fine wine auction houses, announced today that Jason Boland has resigned from the company in order to pursue other opportunities. Industry veteran Amanda Crawford will be assuming the role of President, effective immediately.

“We are delighted that Amanda has accepted the challenge of leading Spectrum Wine into its next phase of growth. She brings extensive experience and industry-wide credibility to the position and we believe she is a perfect fit for the role.”

Crawford, who has been with Spectrum Wine for two years as auction director and lead specialist, previously served in the wine department as assistant vice president and lead specialist at Christie’s New York. A frequent instructor on all things wine for trade and clients alike, she has served on the faculty of the French Culinary Institute in Manhattan. Her extensive wine related travels have taken her to Burgundy, Bordeaux, Germany, Piedmont, Napa, Oregon and Eastern Europe in addition to her work as a harvest intern in Tuscany. Prior to her tenure at Christie’s, Crawford was an assistant wine director at 'Inoteca and a manager of Astor Wines in New York. She graduated from Wellesley College.

Greg Roberts, CEO of Spectrum Wine Auctions, commented, “Jason helped to build Spectrum Wine into a force to be reckoned with in the industry. We are very grateful for his contributions to the company and wish him the best in his future endeavors.”

Mr. Roberts continued, “We are delighted that Amanda has accepted the challenge of leading Spectrum Wine into its next phase of growth. She brings extensive experience and industry-wide credibility to the position and we believe she is a perfect fit for the role.”

Spectrum Wine Auctions strategic advisor Kevin Swersey stated, “Amanda is a rising star in the rarefied world of fine wine and I am thrilled that she has agreed to take over the helm at Spectrum Wine Auctions. I look forward to working with her and the rest of our wine team as we continue to offer the absolute finest in collectible wine.”

Ms. Crawford said, “I am grateful for the confidence Greg has placed in me and am committed to establishing Spectrum Wine Auctions as a worldwide pre-eminent wine auction house. We will continue to place our clients first, offering buyers and sellers the best products along with the exceptional customer service they deserve.”

About Spectrum Wine Auctions

Following in the grand tradition of its sister auction companies, Spectrum Wine Auctions is a subsidiary of Fortune 500 Company Spectrum Group International, Inc. (SPGZ), a consolidated global collectibles network. The company is a leading auctioneer of coins and other memorabilia, targeting both collectors and dealers. Building a strong financial foundation, Spectrum Group International is also a merchant/dealer of certain collectibles and trader of precious metals. The company's collectibles offerings range from the modest to ultra high-end in value and span the globe. Spectrum Wine Auctions also conducts semimonthly online auctions through www.spectrumwine.com. The company offers competitive incentives for consignors, including no insurance charges, no tasting wine requirements, no hidden fees and 0% sellers fees for qualifying consignments and the ability to consign both highly-collectible and commonly found wines.

Backed by many decades of auction expertise and driven by a team of dedicated wine specialists and enthusiasts, Spectrum Wine Auctions is committed to offering buyers and sellers alike the most accessible and expansive auction opportunities of what is simply the world’s greatest consumable and collectible product—wine. For more information on Spectrum Wine Auctions, please call at 949.748.4845 or visit www.spectrumwine.com.

About Spectrum Group International, Inc.

Spectrum Group International, Inc. (together with its subsidiaries, “we,” the “Company” or “SGI”) is a global trading and collectibles network. We are a trader of precious metals and an auctioneer of coins and wine, serving both collectors and dealers. We are also a merchant/dealer of certain collectibles. Our collectibles offerings span the price spectrum from modest to ultra-high end. Furthermore, we offer loans to coin dealers, collectors and investors backed by their precious metals, rare coins, and other collectibles as collateral.

Our Trading business is conducted through A-Mark Precious Metals, Inc. (“A-Mark”) and its subsidiaries. A-Mark is a full-service precious metal trading company, and an official distributor for many government mints throughout the world. A-Mark products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain, and our services include financing, leasing, consignment, hedging and various customized financial programs. A-Mark’s subsidiary, Collateral Finance Corporation, provides financing on a wide array of bullion and numismatic products.

Our Collectibles business operates as an integrated network of leading companies concentrating on numismatic (coins) and rare and fine vintage wine. We have offices and auction houses in North America, Europe and Asia. In addition to traditional live auctions, we also conduct Internet and telephone auctions.

Spectrum Group’s Collectibles companies in the numismatics field include Stack’s Bowers Galleries (rare coin and currency auction house), Stack’s Bowers and Ponterio (world and ancient coins and currency auction house), Teletrade (online coin auctions), and Spectrum Numismatics International (wholesale rare coin dealer), all based in Irvine, California. Spectrum Wine Auctions is engaged in the sale by auction of rare and fine vintage wine.

SAFE HARBOR STATEMENT

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ are identified in our public filings with the Securities and Exchange Commission (SEC), and include the fact that we have disclosed that you should not rely upon our previously published financial statements and the fact that we have not filed all of our reports required by the Securities Exchange Act of 1934. More information about factors that could affect our business and financial results included in our public filings with the SEC, which are available on the SEC’s website located at www.sec.gov.

The words "should," "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Additionally, any statements related to future improved performance and estimates of revenues and earnings per share are forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Contacts

Spectrum Group International, Inc.
Paul Soth
Chief Financial Officer
949-748-4800
psoth@spectrumgi.com

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