FOR IMMEDIATE RELEASE
Contact: Media Relations, Scripophily.com
Tel: 703-579-4209; e-mail: firstname.lastname@example.org
Scarcity of Old Stock and Bond Certificates
Contributes to Scripophily.com’s Best Year Ever
New Delaware law is contributing towards elimination of Stock Certificates and Collector Supply Shortage
WASHINGTON, DC (January 4, 2006) - Scripophily.com ®,
the Internet’s largest buyer and seller of collectible stock and bond certificates,
has seen a 30% increase in sales and a 24% increase in website traffic during
the year ending December 31, 2005 compared the prior year. The increase in activity is primarily due to
the scarcity of certain certificates according to Scripophily.com’s
CEO and Founder, Bob Kerstein. “Obtaining
previously unseen stock certificates is becoming harder and harder to
accomplish” says Mr. Kerstein. “With the
change in the laws in
According to the Depository Trust & Clearing Corporation, paper stock certificates cost companies, investors, banks and brokers hundreds of millions of dollars each year to print, register, ship, examine, file and keep safe, even though they’re involved in only about one-tenth of one percent of all trades daily on U.S. markets. One recent study by the Securities Industry Association puts the annual cost of handling paper stock certificates at $250 million or more. This is why most companies want the physical certificates eliminated. This is contributing to the demand of Scripophily (Stock and Bond Certificates) as well as increased prices of harder to find items.
Scripophily [scrip-ah-fil-ly] is the hobby’s name of collecting old stock and bond certificates. Historical certificates which otherwise have no redeemable value as financial claims, are bought for their artistic and historical value by collectors. Values range from a few dollars to more than $100,000 for the rarest. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, museums and serious collectors.
Scripophily.com LLC, The Gift of History, is the internet’s leading buyer and seller of collectible stock and bond certificates and other old paper items. and has had items on loan for display in the Smithsonian’s Museum of Financial History in New York, been featured on CNBC, USA Today, Baltimore Sun, Washington Post and in many other media publications. The company offers an old stock research service at OldCompany.com and also offers high resolution scans for publications. Scripophily.com was founded by Bob Kerstein (bob.com) who has more than 25 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA).
Scripophily.com ® has experienced over 17.4 Million page views on its websites during the past 12 months. There are over 10,000 different selections including categories such as Frauds, Scandals, Bankruptcies, Dot Coms, as well as the more traditional areas such as Railroads, Telephone, Entertainment, Sports, Manufacturing, Mining, Utilities, Oil and Gas, Retail, Tobacco, Food, Banks, Insurance and others.
For more information on Scripophily.com®, visit www.scripophily.com, or call 1-703-579-4209.
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