BOCA RATON, Fla., May 6, 2014 (GLOBE NEWSWIRE) -- PMX Communities Inc. (OTCQB:PMXO) announces that our LXIV Bud Box cannabis terminal was introduced to the Colorado Marijuana Enforcement Division ("MED").
iComply, LLC, our compliance consultants, met on behalf of PMX with the MED in Colorado to present our cannabis terminal, and take the next steps in placing the machine in a dispensary in Colorado. The MED understands that the LXIV Bud Box is a novel product entering a commercializing industry and that compliance is of the utmost importance with this new technology.
More sophistically designed than the ZaZZZ American Green Machine, a marijuana vending machine produced by Tranzbyte Corporation, it was concluded that as long as the PMX terminal stays compliant to MED regulation and continues to have the technical ability to modify to future changes in legislation the PMX LXIV Bud Box cannabis terminal is ready to launch.
"Our marijuana Bud Box is sure to soon be recognized as the 'Gold Standard of Cannabis.' From the review conducted on our terminal and our pioneering technology, we believe we can meet compliance with Amendment 64 and feel the terminal should bring a new revenue stream to the company and our shareholders," stated Meris Kott, of PMX Communities Inc.
PMX Communities Inc. is a precious metals incubation company, having launched the MGIV gold terminal that allows consumers to purchase varying denominations of fine gold bullion bars and coins with a touch of a screen and a swipe of a card. In 2014, PMX expanded their terminal product line with the introduction of the LXIV Bud Box cannabis terminal.
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.