SOURCE: NYMET Holdings Inc

NYMET Holdings Inc

November 23, 2009 09:39 ET

NYMET Holdings, Inc. (NYMH) Announces Agreement With All Agro American, SA

NEW YORK, NY--(Marketwire - November 23, 2009) - NYMET Holdings, Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., is pleased to announce the execution of a Joint Venture Agreement between NYMET Holdings, Inc. and All Agro American, SA, a South American based commodity company.

Mr. Edward R. Gulmi, Senior Vice President of NYMET, stated, "Consummation of the agreement between NYMET and All Agro American, SA provides NYMET with an instant presence in South America, as well as opens the door to vast amounts of material available in that region for export. This exclusive agreement includes NYMET developing a sales program for the export of various commodities such as lead, zinc, and manganese."

South America is rich with several different types of commodities, but has yet to develop successful sales and export programs for the materials. NYMET has already begun to use its extensive resources and client base to market the various materials to our clients in Asia. NYMET expects sales to commence during the first quarter of 2010. Further, the Agreement was executed in the United States and has been recognized and approved by both the Chilean and Bolivian Consulates.

About All Agro American SA:

All Agro American, SA is a Corporation based in Chile that was established in 1996 as All Agro American, LLC in Chile and Godde Int'l, Inc. in the United States. All Agro American's client base in South America has been successfully developed over the past several years and operations have been mainly focused in merchandise, produce, and commodities within the South American marketplace. The combination of All Agro American's network and NYMET's resources should prove to be a good match, with both Companies focusing on increasing revenue streams and profit margins.


The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings, Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings, Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings, Inc. undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in NYMET Holdings, Inc.'s expectations.

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