News for 'PMXO' - (PMX Communities Signs Asian Partner)
May 23, 2013 (Close-Up Media via COMTEX) -- PMX Communities Inc. 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," said Meris Kott, Managing Director of PMX Gold Bullion
Sales, Inc., in a release.
"Our 10Q will be released early today and our profit margin is steady at 30
percent 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."
PMX Gold Bullion Sales, Inc. a 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 gold bullion bars and coins.
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