BOCA RATON, Fla., Feb. 11, 2014 (GLOBE NEWSWIRE) -- PMX Communities Inc. (OTCQB:PMXO), a precious metals incubation company announces the diversification of their product line of dispensing machines with the introduction of the LXIV Marijuana terminal.
The LXIV will be similar in appearance to our precious metals terminal successfully tested in Florida 2013. PMX expects the first machine to be located in Colorado. The security features and touch screen technology will remain similar. The terminal will vend single products packaged in plastic opaque child resistant bags compliant with the new Colorado Marijuana Rules. The internal software will have the ability to monitor the products inventory remotely and record daily sales. The terminal reader will not accept credit cards or cash, but it will dispense with a swipe of a prepaid magnetic striped card. These loyalty cards will be sold in the Marijuana dispensary store, and can only be used in their programmed terminal.
"Making certain we adhere to the regulations detailed in the cannabis retail legislation and staying updated to any code changes will be our first priority. Commercializing a new product can be a difficult task, and we will conservatively and professionally launch the LXIV terminal in the same manner we did our first precious metals machine. We are hoping this new venture becomes a revenue stream for PMX," stated Lindsey R. Perry, JR, CEO of PMX Communities, 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. The MGIV gold terminal is the first US made specialty-dispensing machine that allows consumers to purchase varying denominations of fine gold bullion bars and coins with a touch of a screen and a swipe of their global credit and debit cards.
Forward-Looking Statements
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.
Shareholder Relations: (866) 525-4714, Interactive Business Alliance, Maxwell Farrell Company Information: (561) 210-5349, http://www.pmxgold.com
