SOURCE: Precious Metals Exchange Corp.

January 26, 2010 16:15 ET

Precious Metals Exchange Corp. Enters Into Letter of Intent to Acquire Gold Amigo

DALLAS, TX--(Marketwire - January 26, 2010) - Precious Metals Exchange Corp. (PINKSHEETS: PRMX) announced today that it has signed a Letter of Intent to acquire Gold Amigo of Staten Island, New York. Gold Amigo has fully developed a total back-end software and advertising campaign (see to purchase Gold and Silver through mail orders and television sales.

Mark Ussery, Vice-President of Precious Metals, said, "By purchasing the assets of Gold Amigo, we will have another fully developed website and television advertising campaign to go immediately to the marketplace. Both sides are completing due diligence and the consideration will be a cash and stock exchange."

Precious Metals Exchange Corp. operates in the precious metals refining and recycling sector of the precious metals industry. The Company provides 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 recycles 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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including the fourth quarter revenue and future growth. Additionally, words such as "seek," intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies and the impact of competition. Precious Metals Exchange Corp. does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Contact Information

  • Investor Relations Contact:
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    Jack Eversull
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