GS Ventures signs strategic agreement with JG Kronenberger Fine Jewelry
~ Strategic partnership and Investment in on-line Jewelry Venture ~
EXTON, Pennsylvania, October 5, 2009 – GS Ventures, Inc., a company specializing in Social Commerce and Retail, announced a strategic partnership and investment into the online jewelry market with JG Kronenberger Jewelers. The partnership covers the creation and management of a new online jewelry retail venture, with robust social commerce features and a long-term revenue sharing program, poised to launch in the first half of 2010.
“This partnership creates an opportunity for GS Ventures to enter a market that is undergoing a significant shift toward online sales,” said Paul Elisii, GS Venture’s Founder and Managing Partner. “This is another important step in our early growth as we continue to build, purchase, and partner with existing retailers to bring the social commerce paradigm to online commerce.”
With over 25 years in business JG Kronenberger Jewelers provides GS Ventures with a strong regional partner in the mid-Atlantic market and access to exceptional suppliers in the diamond, bridal, and jewelry industry. “JG Kronenberger Jewelers has been a leader in their region in providing high quality jewelry products with outstanding customer service”, said Elisii.
“We are very bullish on the rebound of the jewelry industry in 2010 and beyond. We recognize that growth will require a strong on-line presence, said Jack Kronenberger, JG Kronenberger Jeweler’s Founder and CEO. “Partnering with GS Ventures provides us with the tools, capabilities, and capital backing to expand our business online. Now, we can successfully expand our business beyond our current geography and customer base.”
About GS Ventures, Inc
GS Ventures is a firm that specializes in Social Commerce and Retail. GSV seeks to create successfully social commerce retail properties by building organically, through acquisition, or through partnerships with existing successful retailers. All of our ventures seek to create commerce retail businesses that take advantage of emerging social commerce paradigms and technology.
For more information about GS Ventures, go to www.gsventures.com or contact ventures@gsventures.com.
About JG Kronenberger Fine Jewelry, Inc
JG Kronenberger Jewelers has served the mid-Atlantic for more than 25 years and has built a tremendous reputation for excellent customer service and value. JG Kronenberger specializes in bridal, diamonds, and fine jewelry products including watches, rings, pendants, and earrings. JG Kronenberger Fine Jewelry is also a leading dealer of fine table products such as Waterford Crystal.
For more information about JG Kronenberger Jewelers, go to www.jgkronenberger.com or contact info@jgkronenberger.com.