Precious Metals Exchange, Corp., a Nevada corporation (PRMX), domiciled in Addison, Texas, was originally formed to facilitate the purchase of unwanted or broken jewelry and other items containing precious metals from customers in the U. S. , Canada, and Latin America. Because of a unique niche in the market place and the availability of new technology at a reasonable price, PRMX is embarking on a business plan and model henceforth unavailable in the market place. PRMX is implementing an aggressive business plan and model that will allow its customers to use the PRMX facilities for not only buying and selling precious metals, watches, precious stones, and other valuable commodities, but will allow customers to deposit for safekeeping these items and receive a certificate verifying ownership that is redeemable in US dollars or any world currency requested by customer at any PRMX location. PRMX will use a high tech, ATM type machine that assays, evaluates and then dispenses a currency of the customer’s choice in exchange for the precious commodity. PRMX is destined to become a leader in the precious metal exchange business because of the company’s ability to offer safekeeping of any amount of gold, silver, copper, nickel, or other metal commodities and assure the safety of the commodity as well as insuring the deposited commodity for the market value of the property through a AAA rated insurance company. The ability to issue fraud proof gold certificates, silver certificates, stock certificates, and safekeeping certificates will allow PRMX to expand into US markets and to bring new products to the precious metal market. Precious Metals Exchange Corp. has merged with as old line gold and silver plating and repair company that will allow PRMX to manufacture and resale the purchased metals on a retail basis. PRMX has a recognized brand CASHOUTMYGOLD to market the purchasing of unwanted and broken jewelry and use the electronic communication system VOLUME CONTACT to contact millions of potential customers directly in their homes or via cell phones nationwide through Broadcasting, Email, and SMS text messaging technologies. A central vault and armored car service will insure customer satisfaction with the highest degree of safety for their investments or safekeeping. The ability to produce a counterfeit proof certificate opens many markets for the safety minded customer. PRMX has developed a proprietary customer relations management system in partnership with the largest US online provider. The customer interface on WWW.CASHOUTMYGOLD.COM allow a customer to order a Priority Cash for Gold Kit online, track their items online, and then receive a cash offer which the customer can either accept or decline online. The PRMX customer's experience is far superior to any competitor and is unlike any known within the industry.
Marketing Strategy
PRMX has contracted with a national firm to do extensive advertising on television and the internet as well as newspapers and financial periodicals that educate the prospective customer of the services and safety available with PRMX. The new technology that permits a 20 second evaluation and assay of any item will be offered to PRMX customers and implemented in every major city in the US. Because of the company’s unique position in the market place, no competition for the services offered is available to the public which requires that PRMX merely get the word out to the public precious metal market.
Operating Strategy
PRMX will operate from a central vault with satellite locations in all major cities in the USA to accommodate the huge market for the services offered by the company. Included in the satellite operations will be the gold and silver plating plant as well as a repair and manufacturing facility. The ATM type machines for instant assay and payment facilities can be set up in as little as 25 square feet for maximum safety and convenience. Full service will be offered 24 hours a day. The remote currency exchange and credit card applications will make the ATM’s an immediate success.
Product Sales Fulfillment Process
A coordinated advertising program that educates the public as to the convenience and safety of their services including the currency exchange services which will be noted in all the various media groups and will be used to inform their potential customers.
Investor Highlights
PRMX is one of the only publicly held companies in the online precious metals recycling sector of the precious metals industry. PRMX expects to become a major producer of gold, silver and platinum in the U.S., Canada and Latin America.
PRMX costs associated in direct marketing to potential consumers in the U.S. are expected to be less than $0.01 cents per customer or household with use of the company’s Volume Contact™ division.
47% or 90 tons of the U.S. annual gold consumption is derived from recycling. Recycling of precious metals is a major industry, and growing rapidly.
Never ending supply of unwanted and/or broken jewelry. Another unavoidable fact: Over the lifetime of an individual consumer, 100% of their precious metal items purchased will be passed to another party or sold.
2007: $9.85 billion gold market in the US alone, and growing annually due to high prices of precious metals and economic displacement. $7.88 billion is purposed for making jewelry annually in the U.S...
Company is a producer of gold, silver and platinum, but without the risks of mining, large capital costs or the attendant environmental and political hazards.
The Internet brings a new level of procuring new customers; guaranteed web traffic, search engine optimization, banner ads and opt-in email marketing provide new markets on a global scale.
The ONLY KNOWN interactive Gold buying service on the internet today!
Highly experienced management team with precious metals, printing and direct mail marketing experience bringing proven track records of a number of successful early-stage development ventures; 35-years' experience with online and offline direct marketing.
Over USD $4 billion annualized in the U.S has established recycling as the next medium of mining for years to come.
Their Refining Partner is one of the most respected in the industry.
Operations
Precious Metal Exchange, Corp. has the facilities to refine, plate, mint, and assay all precious metals as well as a central vault for storage and safekeeping of valuables. In addition to using secured internet delivery, the Company has a courier service to facilitate the exchange process for precious metals and currency. High tech computerized kiosks will be located at an anticipated 50 locations in Texas and the Company is planning the expansion of these kiosks on an as needed basis throughout the world.
Dallas Silversmiths, an old line plating and refining company has signed a letter of intent with PRMX and is expanding its operation to facilitate the additional refining being generated by PRMX. All aspects of the precious metal business are available at the Dallas Silversmiths location in Dallas.
Ken Dougherty, a well known expert in asset preservation, has recently been elected Chairman of the Board and President of the Company and he joins Mark Ussery, a noted expert in developing the precious metal certificates as well as other unique applications used in this novel approach to asset protection.
The PRMX chart is experiencing what appears to be a double bottom breakout during the last two trading days. The chart below shows the double bottom formation and the breakout above the 13 day moving average and the sharp increase in trading volumes.
Also, the MACD indicator histogram has crossed above the zero line and is on a bullish upswing and the stochastics indicator is also on a bullish upswing as well during the last 4 trading days.
From the technicals it appears as there is no sign of price or technical reversals in the near future so we believe that PRMX has more room to run so put it on your watchlist and do your homework on PRMX quickly.
Recent PRMX News:
March 30-
Precious Metals Exchange Corp. Names Head of Business Development Department
Precious Metals Exchange Corp. (PINKSHEETS: PRMX) announced today the hiring of Jason Ford to head the business development department for PRMX. His duties will involve the coordinating of the move to the new Precious Metals Exchange location and completing the first phase of the Company's unique business plan.
Ford attended Northwood University in Dallas, Texas and graduated Magna Cum Laude with a BBA in Business Administration. While attending Northwood on a baseball scholarship, he earned Division I Baseball All American honors and still holds numerous league and school records including the Division I Triple Crown with a single season record batting average of .456. He was also elected to the All Conference Team each season of his playing career and was chosen Most Valuable Player for each season he participated while maintaining a perfect 4.0 GPA. Ford is listed in Who's Who in America.
Ken Dougherty, Chairman and President of Precious Metals, said, "We look forward to Jason coming on board. Jason's past working experience will be an asset to the company's Business Development Department."
Ford has been involved with Caritas Ranch BBQ since 1994 working in all phases of the Boerne, Texas meat packing plant. His business career also includes Territory Manager for Martin Fletcher & Associates in Dallas, as well as the Salad Bowl franchise operation headquartered in Dallas, TX. He is a Licensed Insurance Agent representing Benefit Architects and is in the process of obtaining his Broker-Dealer Certification.
Ford stated, "People need an option for asset protection and PRMX offers the only game in town. The response to PRMX's business plan has been overwhelming and I look forward to perfecting a product that is truly a capital preservation company with the least risk in the market place. PRMX is able to offer services previously unavailable to the consumer. People who are looking for the ultimate protection in these troubled times will find that PRMX has the products that they are looking for and every American needs."
Precious Metal Exchange Corp. (PINKSHEETS: PRMX) is a publicly traded company that is pink sheet listed and has a novel approach to gold and silver trading that offers the added convenience and safety of "high tech" bearer certificates. The company has smelting, minting, and plating facilities as well as high tech assay capabilities. Precious Metals Exchange Corp. is in the precious metals refining and recycling sector of the precious metals industry. The Company will provide a convenient, secure and efficient method for customers to sell items containing precious metals. Targeted direct marketing is used to identify potential customers, and a highly automated fulfillment process to ensure their satisfaction through high payouts and quick service. The Company will recycle customers' broken or unwanted jewelry and other items for gold, platinum and silver content, avoiding the risks and environmental costs of mining. For more corporate information, please visit http://www.pmecusa.com.
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