Precious Metals Exchange Corp. (PRMX.PK)

Posted: Wed Nov 18, 2009 11:26 am

Precious Metals Exchange Corp. operates within the precious metals refining and recycling sector of the precious metals industry. The company’s core business is collecting unwanted and/or broken jewelry and other precious metal items, specifically targeting the U.S., Canada and Latin America markets.

Utilizing direct marketing to identify potential customers, Precious Metals Exchange leverages a highly automated fulfillment process to ensure satisfaction through high payouts and quick service. The company recycles jewelry and other items for gold, platinum and silver content, avoiding the risks and environmental costs of mining.

Record gold prices combined with the economic downturn, high unemployment, and global economic uncertainty has led to a dramatic increase in the number of people wanting to cash in their gold or other precious metal scrap. Capitalizing on these conditions, Precious Metals Exchange offers a fair and fast option to redeem unwanted jewelry into cash currency.