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FOR IMMEDIATE RELEASELas Vegas, Nevada (May 28, 2013): At their largest show ever in Las Vegas, the International Watch and Jewelry Guild (IWJG) announced a ground-breaking strategic partnership with WatchFacts for the guild's new watch exchange platform. The partnership will provide the IWJG's dealers with the safest way to transact business online. WatchFacts will connect the IWJG's 6,000 dealers in over 64 countries to bring more trust, transparency and security not only to the dealers themselves but domestic and international buyers alike. Joe Nelson, Executive Director of the International Watch and Jewelry Guild offers "The IWJG had been looking at various solutions for our membership, to supplement our 12 trade shows each year. WatchFacts provides the most security on a user friendly platform for the buying, selling and certification of high end watches that we found anywhere. Security is always a major consideration with the IWJG and we are proud to announce this alliance with WatchFacts." This strategic partnership represents a significant step for the entire pre-owned luxury watch market. The $40 billion pre-owned luxury watch industry is highly fragmented and will benefit from more standardization,thereby creating more transparency and trust in the distant buying process. “Our partnership with IWJG accelerates our goal of creating a new watch category…Certified Pre-Owned where buyers will have peace of mind knowing that the watch is as described, authentic and isn’t stolen” says John Cormier, CEO of WatchFacts. “We feel our platform will not only connect dealers all over the world, but also enable us to create a standard for trading watches via a more transparent and secure process,” says Douglas Geertz, Chairman of WatchFacts. About the International Watch and Jewelry Guild (IWJG) About WatchFacts ###
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