BOCA RATON, Fla., May 8, 2014 (GLOBE NEWSWIRE) -- PMX Communities Inc. (OTCQB:PMXO) diversifies marijuana terminals product line.
During the company due diligence process in states that are legalized to sell medical and recreational marijuana, PMX consultants noticed a lack of stores selling products directly associated with the commercializing cannabis industry as well as the growth of vaporizer kiosks in malls. The new PMX machines will be manned because of minimum age requirements and will dispense smoke shop items, such as pipes, smoking papers, and pen vaporizers. These terminals will not limit PMX to place them inside regulated dispensaries, as they will have no cannabis infused products.
"The commonplace paraphernalia store has ceased to exist with the influx of regulated dispensaries. We have never seen manned terminals like ours beforehand, and by placing them in additional venues we hope to become the leader in the space nationwide," stated Meris Kott of PMX Communities Inc.
PMX Gold Bullion Sales, Inc. is a precious metals 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.