BOCA RATON, Fla., Aug. 19, 2013 (GLOBE NEWSWIRE) -- PMX Communities Inc. (OTCQB:PMXO), a precious metals incubation company, secures Indian joint venture partnership.
PMX has aligned with local Indian partners who will be working on their behalf to seal a lease before year end in Chandigarh for the first Indian gold dispensing terminal. Thereafter, PMX will target other prime Indian locations. The company will export their fine gold .9999 bullion products to India as the country has recently become the #1 consumer of physical gold globally. Further details cannot be disclosed because of the company confidentiality agreements.
"The deployment of a terminal will be the most exciting for me personally because of the high respect for gold that the Indian people possess. Regardless of global gold price fluctuations, Indians continuously buy gold for it has been a mainstay in their culture for centuries. The opportunities in this country are limitless," stated Meris Kott, Managing Director of PMX Gold Bullion Sales Inc.
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.
Forward-Looking Statements
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