PMX Communities Inc. (OTCQB: PMXO), a precious metals incubation company focused on deploying gold dispensing terminals throughout the U.S. and internationally, recently signed a lease for its second gold dispensing terminal at The Galleria of Fort Lauderdale, Florida, complementing its first location at the Town Center Boca Raton mall.
Unlike popular gold mining and production companies or ETFs, like Goldcorp Inc. (NYSE: GG) and SPDR Gold Trust (NYSE: GLD), the company provides a unique way for investors to access consumer demand for gold. Investors can therefore benefit from increasing gold demand without exposure to the volatile yellow commodity.
PMX Communities Inc. (PMXO), a precious metals incubation company, announces the company has finalized and inked a lease with Galleria Mall, Fort Lauderdale, Florida for their second gold dispensing terminal.
“It has been a very busy week for us. The second machine means that we are satisfied with our prototype and ready to quickly actualize our American footprint. Our machine has the ability to dispense 49 diverse products, and the Galleria terminal will offer .9999 investment grade bullion gold for the time being,” stated Meris Kott, Managing Director of PMX Gold Bullion Sales, Inc.
The Galleria gold terminal location will be situated along the mall corridor that features the stores of Swarovski, Mayors, Williams-Sonoma and Neiman Marcus. The company hopes the placement of the MGIV will be complete in the next few weeks.
“While I wish that we could tweet our business plans to investors on a daily basis, the reality of being a public company is that there are stringent regulations that we follow and respect. The company has changed dramatically in the last year. Precious metals dispensing is a novel concept and we are excited to be trendsetters in this field,” continued Meris Kott.
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 .9999 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 precious metals terminals in major cities around the globe.
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