LOS ANGELES, May 13, 2014 (GLOBE NEWSWIRE) -- PMX Communities Inc. (OTCQB:PMXO) cannabis expansion targets California.
The LXIV Bud Box cannabis terminal's first foray into medical marijuana dispensaries will be into California. March brought the shutdown of numerous illegal dispensaries in the city of Los Angles and surrounding areas and the regulators have done a superb job creating a more litigious arena. Proposition D passed last spring clearly outlines the city's marijuana guidelines. As in Colorado, we will make certain our terminal will be compliant to all laws in all cities in California.
"Entering the industry both in Colorado and California will enable the marijuana Bud Box to become a versatile terminal. California dispensaries in Los Angeles are very forward thinking and we feel the Bud Box will help medical dispensaries better serve the needs of their patients with the ability to increase their varied product line inventory in the terminal," 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.