SOURCE: Precious Metals Exchange Corp.

March 04, 2010 09:00 ET

New CEO Named for Precious Metals Exchange Corporation

DALLAS, TX--(Marketwire - March 4, 2010) -  Precious Metals Exchange Corp. (PINKSHEETS: PRMX) announced today Kenneth Dougherty has been named Chairman of the Board and President, effective immediately. Dougherty, a longtime independent businessman from Houston, Texas, has been involved with multiple types of commerce including retail, wholesale, high tech, and high dollar investments since 1971. He is a graduate of Texas A&M University with a degree in Business Administration. Dougherty has been a financial adviser specializing in long term investments with low risk attributes. His systems have proved successful and his customers are generally high net worth individuals seeking to preserve their wealth and eliminate the risk factors found today in investment markets. Dougherty's systems have been tested in the marketplace through every kind of economic condition and have stood the test of time. He is intimately familiar with the various markets and investment opportunity for the individual interested in capital preservation and seeks a low risk asset that will weather these bad times. His knowledge and background will bring the necessary leadership to the Precious Metals Exchange Corp.

Garrett Vogel has resigned as President to devote more time to his ongoing business. He will continue as a consultant to Precious Metals and assist with other special projects.

Precious Metals Exchange Corp. has a novel approach in the precious metals refining and recycling sector of the precious metals industry. The Company will provide 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 will recycle 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 http://www.pmecusa.com.

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:

    Jack Eversull
    The Eversull Group
    972-571-1624
    Email Contact