SOURCE: Precious Metals Exchange Corp.

May 12, 2011 09:00 ET

Precious Metals Exchange Corp., dba Legends Food Corporation, Names CEO and Clarifies and Defines Stock Issue and Availability

DALLAS TX--(Marketwire - May 12, 2011) - Precious Metals Exchange Corp. (PINKSHEETS: PRMX), dba Legends Food Corporation, today announced that it welcomes Ty Gerot to the Company as Chief Executive Officer. The Company is also conducting an immediate accounting of all stock due to recent inquiries from shareholders and the public.

Mr. Gerot holds a BA degree in Organizational Communications from Creighton University and attended the University of Nebraska's Graduate School for Communications. He has food industry and restaurant experience which includes TGI Fridays and Copelands and has extensive experience in new store openings.

The Caritas plant now is capable of producing millions of pounds of meat monthly and the Company will immediately expand to bring the Legends brand to Caritas' existing locations, including Sam's Club and Costco. The Company will begin to market directly to consumers through its new and user-friendly website. The marketing of its gift items, tailgate party supplies and home bar-b-q products can be shipped overnight fresh and ready to eat. The flavor and quality are locked in with the Company's vacuum-sealed, deep frozen system that makes the product superior to any other on the market today. Regional promotions are planned and a larger web campaign will be initiated this summer covering a worldwide distribution.

As of May 10, 2011, there are 43,431,000 issued shares of stock of which 14,546,000 shares are available for trading at this time. This is commonly called the float.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). 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, Inc.
    214-469-2361 fax
    Email Contact