PMX GOLD Announces Asian Expansion
BOCA RATON, Fla., May 20, 2013 /PRNewswire/ -- PMX Communities Inc. (OTCQB: PMXO), a precious metals incubation company, today announced the signing of an NDA with an Asian Partner announcing the global rollout of the MGIV gold machine.
"The plan was to manufacture our own precious metals terminal and launch our own gold machine where we first began in 2010 in the USA. We were successful and going global was our next near goal, and we have decided to jumpstart our global footprint to Asia and be the first into the marketplace. We are very pleased to announce we have signed an Asia NDA followed by a memorandum of understanding and will announce further deployment details of our gold dispensing terminals in the next few weeks," stated Meris Kott, Managing Director of PMX Gold Bullion Sales, Inc.
"Our 10Q will be released early today and our profit margin is steady at 30% and sales are growing rapidly. Every machine deployed will be a mobile terminal and relocated if it is not a profit center for the company. We are excited that the American public is realizing that regardless of gold prices physical gold is an important investment commodity to have in every portfolio," continued Meris Kott.
PMX Gold Bullion Sales, Inc. a wholly owned subsidiary of PMX Communities, Inc. launched the MGIV gold terminal in Town Center, Boca Raton, in January 2013. It is a specialty gold dispensing machine from which consumers can purchase varying denominations of fine gold bullion bars and coins with a swipe of their global credit and debit cards. Pursuant to the first MGIV machine being placed, PMX hopes for a strong USA presence. Discussions are ongoing regarding the international rollout of further gold terminals in major cities around the globe.
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SOURCE PMX Gold