SOURCE: Precious Metals Exchange Corp.

May 10, 2011 09:00 ET

Precious Metals Exchange Purchases Legends Bar BQ Inc.; Appoints and Will Announce New CEO Soon

DALLAS, TX--(Marketwire - May 10, 2011) - Precious Metals Exchange Corp. (PINKSHEETS: PRMX) today announced following the recent signing of a Letter of Intent to purchase Caritas Inc., its purchase of Legends Bar BQ, a retailer and wholesaler of BBQ beef and pork products. The Legends Bar BQ brand will be sold through direct internet marketing, conventional retail stores and offer gift selections.

Mark Ussery, Vice-President of PRMX, stated, "Legends Bar BQ is what Texas grilling food is all about. Its recipes and the skills needed will be melded into our new USDA approved facility allowing us the needed space and equipment to produce in quantity, and pack and ship our fine products direct to consumers nationwide. Our new product line makes a great gift for families and loved ones, a boss, and also a way to say thank you and will be packaged to suit the holiday and or event. It's also good eating to treat yourself to the best BBQ around. Our promotional events and national advertising campaign will feature stars from sports both from today and yesterday. We will also cater to those who consider themselves tailgaters, a serious business these days at stadiums nation-wide."

Legends will share the facility occupied by Caritas, and offer its ribs, brisket, beef, sausages and other assorted products via the web and direct into grocery chains nationwide. Its pre-cooked, ready to heat products are made with a special protected recipe that goes back many years and is considered the best BBQ in the region by many.

Legends' products are all made from choice beef and pork, cooked with the company's special spices and sauces to perfection, then vacuum packed and deep frozen to assure the highest quality. Orders are shipped overnight while frozen and then can be refrigerated or heated in the oven or on a grill and served.

The facility where the products are prepared is USDA approved with strict guidelines set forth by the government and the company. The company is seeking further expansion and is in negotiations with some major marketing firms as well as top sports athletes for an advertising and marketing campaign.

The company has now taken the initial steps to become fully reporting and list itself to the OTCBB and OTCQB in the coming weeks.

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