BOCA RATON, Fla., Dec. 15, 2010 /PRNewswire/ -- PMX Gold, LLC ("PMX Gold"), a wholly-owned subsidiary of PMX Communities, Inc. (OTC Bulletin Board: PMXO) (the "Company" or "PMXO"), confirmed today that PMX Gold's retail Gold Bullion sales operations are targeted to commence imminently in South Florida. Details of such strategic entry into the retail Gold Bullion markets are planned to be released as soon as final testing of certain imported technology has been completed.
"PMXO previously entered into a preliminary agreement for the purpose of developing proposals for licensing and franchise agreements for German engineered, unmanned point-of-sale technology and to conduct exclusive test marketing in the State of Florida," said Michael Hiler, the Company's President and CEO. "Since that time, we have secured prime, high traffic retail mall space, obtained legal advice regarding exemption from Florida state sales tax issues, acquired newly minted Credit Suisse .9999+ pure gold bars and developed the initial infrastructure to commence retail Gold Bullion sales. Upon satisfaction of final equipment testing and security details, we plan to start operations."
About PMXO and PMX Gold
PMX Communities, Inc. (PMXO) is a development stage company with diverse interests focused on certain performance based sectors of the economy. PMX Gold focuses on the development of leveraged opportunities within the international precious metals and mining markets. PMX Gold is committed to developing retail Gold Bullion sales channels that provide investors access to retail ownership of Gold Bullion with customer satisfaction assured by a fully reporting US public company.
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 ,or by calling our shareholder relations department at 561-210-5349. Certain Company information is also available through Standard and Poor's.
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.
SOURCE PMX Gold, LLC