
PMX Gold Engages Omnitech Automation; Detailed Gold ATM Prototype Design Delivery Due Early October
BOCA RATON, Fla., July 19, 2011 /PRNewswire/ -- PMX Gold, LLC ("PMX Gold"), a wholly-owned subsidiary of PMX Communities, Inc. (OTCBB: PMXO) (the "Company" or "PMXO"), confirmed today that it has engaged Industry Professional Omnitech Automation, Inc. (Omnitech) for the manufacture of the world's first Gold ATM Terminal designed to integrate seamlessly with the International Banking System.
The agreement calls for a Detailed Prototype Proposal to be delivered within 90 days from July 11. The detailed prototype proposal is to include final mechanical design, completed dispenser software development, estimated costs and lead-time estimates for manufacturer of the first prototype.
Omnitech is currently evaluating the selection of a large, reputable, established ATM manufacturer with a market leader position willing to customize their equipment to accommodate the PMX Gold Dispensing and Deposit Hardware already developed. With the assistance of Omnitech we hope to announce this partner within the next 8 weeks or sooner.
Omnitech Automation: PMX Gold Technology Partner
"We originally came to Omnitech to resolve key gold dispenser design and technology development; they came in under budget and ahead of schedule with the best solution possible. Their industry relationships and project management expertise has proven invaluable," said Michael Hiler, PMXO's President and CEO. "We are very excited about working with Omnitech; they bring us the reality of developing an internationally recognized co-branded Gold ATM Banking Network that will be scalable to the markets that we envision."
PMX Gold ATM Terminal: State of the Art Gold Banking
"The PMX Gold ATM Terminal is not a vending machine, but an actual ATM that allows customers to make conventional dollar based ATM transactions with their banking institution and also conduct a wide array of Gold Financial transactions through their PMX Managed Gold Bullion Account, including depositing or withdrawing serialized 999.9 Fine Suisse Gold, Silver and Platinum Bars directly to/from our ATM's. These serialized bars are the currency on which the gold banking network is to be based," continued Hiler. "By offering traditional ATM banking transactions, our expansion plans allow for quick introduction to US consumers and ancillary revenues from conventional ATM banking transactions with customer satisfaction assured by a fully reporting U.S. public company."
About Omnitech
Established in 1965, Omnitech Automation, Inc. (Emmaus, PA) develops custom automated equipment and provides engineering design and project management services. Omnitech serves a wide variety of industries and has a reputation for automating complex processes, delivering high quality equipment and providing exceptional technical services. Omnitech's customers include industry leaders Johnson & Johnson, Lutron Electronics, Deka Battery and Exide Technologies.
Omnitech Automation is a turnkey solutions provider with in-house mechanical design, programming, electrical wiring, fabrication and assembly resources. Further information about Omnitech can be found at www.oai-automation.com.
About PMXO and PMX Gold
PMX Communities, Inc. (PMXO), through its wholly owned subsidiary, PMX Gold is currently developing the world's first PCI compliant PMX Gold ATM Terminal designed to integrate seamlessly with the International Banking System to capitalize on the emergence of gold as a parallel currency.
Further information about the Company can be obtained at our website, http://www.pmxgold.com which provides a link to the Company's public filings with the SEC located at www.sec.gov . Certain Company information is also available through Standard and Poor's.
Forward-Looking Statements
Certain statements made by the Company and its management on its behalf in this release and other periodic, oral and written statements, regarding the Company operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings, expectations, growth of the Company or of the market for its products and services, or general belief in the Company's expectations of future operating results are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to risks and uncertainties, including but not limited to product demand, market and customer acceptance, competition, pricing, working capital considerations, and as otherwise discussed in the Company' s SEC filings. Such forward-looking statements are subject to change at any time, and the Company's actual results may differ materially from anticipated results. The Company undertakes no obligation to update or revise any of such statements to reflect subsequent events or circumstances.
Shareholder Relations: 561-210-5349, email [email protected]
SOURCE PMX Communities, Inc.
Share this article