Monday, December 04, 2017 2:38:40 PM
Meso Numismatics Becomes Registered Dealer with NGC and PMG
LAS VEGAS, NV, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), the developer of multiple and diverse business ventures, relevant to Central America and the Caribbean, announced today that the Company's subsidiary, Meso Numismatics, has officially become a registered dealer with PMG and NGC, the Paper Money Guaranty and the Numismatic Guaranty Corporation, respectively.
"PMG and NGC are extremely important agencies in the numismatic industry, " stated Melvin Pereira, President and CEO of Pure Hospitality Solutions, Inc. "The Paper Money Guaranty (PMG) and the Numismatic Guaranty Corporation (NGC), are the recognized industry leaders, as well as the official grading services for the American Numismatic Association, PNG, eBay and SixBid.com, to name a few. To become a dealer with PMG and NGC is not easy. However, due to the amount of disruption we have caused in the numismatic marketplace already, in particular within Latin America, our application was quickly approved."
As a registered dealer, Meso Numismatics now has access to additional products, services and discounts that it did not have before as just a regular client. With the Company's newfound designation as a dealer, management anticipates increased profits associated with discounted grading rates, as well as the ability to submit inventory on behalf of other collectors.
"There is one key advantage that we have over others in the industry," continued Pereira. "We are one of the only registered dealers in the Latin American Region with a first mover, on-the-ground advantage. We intend to use this to our advantage, as a means to educate the numismatic community.
Compared to many other countries around the world, Latin America has a relatively small presence in numismatics. However, considering that the population of Latin America has over 626 million people, the time is ripe to teach the community while simultaneously securing more market share to continue growing our business."
As of this moment, management reported that nearly 75% of the Company's inventory is already graded by either PMG or NGC. By the second quarter of 2018, nearly 100% of Meso's inventory is expected to be graded and sold either online or at physical numismatic auctions.
Pereira concluded, "2018 is poised to be a very special year for Pure Hospitality Solutions. By participating in new global auctions, as well as certifying our remaining inventory, revenues are expected to climb, with continued month-over-month gains. We will continue to acquire new inventory regularly while scaling the business. We're certainly on the right path to become an industry leader in no time."
About PMG
Paper Money Guaranty (PMG) was founded in 2005 as a fully independent third-party paper money grading service. PMG is the world's largest third-party paper money grading service with more than 2,000,000 notes certified. PMG grades US and world paper money on the internationally recognized scale of 1 to 70. For more information, please visit www.pmgnotes.com.
About NGC
Established in 1987, Numismatic Guaranty Corporation (NGC) is the world's largest and most trusted third-party grading service for coins, token and medals. Since its inception, NGC has graded more than 39 million coins. NGC has invested more than $1 million in the development and creation of the most advanced protective holder, used by the Smithsonian and other museums around the world. For more information, please visit www.ngccoin.com.
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