Precious Metals Exchange Corp.
(OTC: PRMX)
Company Overview
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 StrategyPRMX 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 StrategyPRMX 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 ProcessA 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.
OperationsPrecious 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.
Precious Metals Exchange Corp.
15305 Dallas Pkwy., Suite 300
Dallas, Texas 75001
Telephone Number: (972) 387-7420
Website: http://www.preciousmetalsexchangecorp.com/
08.08.2011 (288 Days Ago)
