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Interactive Website Allows Customers to "Accept or Decline" Cash Offers Online and in Real-Time

ADDISON, TX--(MARKET WIRE)--Apr 30, 2009 -- Precious Metals Exchange Corp. (Other OTC:PRMX.PK ) today announced that the Company will publicly launch www.CashOutMyGold.com, its premier online gold buying website, where customers can "accept or decline" a cash offer online and in real-time, on May 18, 2009.

Garrett Vogel, President of PRMX, said, "After months in development, we are pleased that we will be publicly launching what we believe to be the only fully interactive gold-buying website in this market space. The Company has partnered with the world's largest CRM (Customer Relationship Management) software developer to create a fully interactive experience between PRMX and prospective sellers of gold and other precious metal items. Our proprietary fulfillment and customer logging system should allow us to handle customer requests, assessments and payments faster and more efficiently than any of our competitors. It's also important that our CRM partner's open-ended software architecture and robust redundant server capacity will allow us to handle and process millions of customer contacts efficiently, from day one."

PRMX customers will have the ability to track their "Priority Gold Kits" online and in real-time through the entire process, with automated email alerts at each step. Customers submit their data on the Company's website and a kit is automatically prepared with a unique identifier for mail-out. An automated e-mail notification is sent when their gold kit is received at the processing facility, and then again when they can access the cash offer. The website also permits customers to use their unique username and password to gain full access to information about their valuables, including gold content and karat weight, through the Company's secure customer portal. Customers can then "accept or decline" the cash offer, online and in real-time. If PRMX's cash offer is accepted, a check is immediately processed and sent to them. If the customer chooses to decline the cash offer, their items will be immediately sent back at no charge.

Mr. Vogel continued, "Our CRM partnership allows us to cut administrative expenses and overhead so that, unlike our competitors, we can use trained professional jewelers to assess the precious metal content of customers' jewelry and other valuables. Because so much of the customer's experience is automated, we can provide excellent service and accurate assessments at a cost that will allow us to increase customer payouts and still capture a profit. We're certain that customers will also appreciate that we don't hold their valuables for hostage, requiring minimum package contents or charging as much as $25.00 for returns after rejected offers."

PRMX also distinguishes itself with its state-of-the-art in-house electronic marketing tools. The Company's Volume Contact division (www.volumecontact.com) allows PRMX to use the power of modern direct marketing, including voice broadcasting and e-mail transmissions, in eligible states to qualified potential customers. The Company's lead generation system permits them to use timely direct marketing in geographical areas where likely customers live and may need these services. In addition, the Volume Contact equipment interfaces with CRM facilities, and in using both of them to identify and retain customers. For example, once a potential customer requests a Priority Gold Kit, the CRM system will provide "tickler" e-mail alerts and Volume Contact will make reminder phone calls. As with the CRM partnership, the Company expects that automation of this two-fold approach to customer identification and retention will reduce costs and improve profitability.

Mr. Vogel also stated, "In addition, the Company also intends to use traditional broad market advertising. As we launch television, radio, newsprint and magazine advertisements across the nation informing potential consumers of the interactive abilities of our online gold buying service, we truly believe CashOutMyGold.com will soon become the website of choice for consumers across the nation wanting to sell precious metals online."

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 www.preciousmetalsexchangecorp.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.

For further information on Precious Metals Exchange Corp., please view www.pmecusa.com.

Contact:

     Investor Relations Contact:
     The Eversull Group, Inc.
     Jack Eversull
     972-378-7917
     972-378-7981 (fax)
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