SOURCE: NYMET Holdings Inc.

NYMET Holdings Inc.

November 16, 2009 08:12 ET

NYMET Holdings Inc. (NYMH) Announces Credit Line Approval

NEW YORK, NY--(Marketwire - November 16, 2009) - NYMET Holdings Inc. (PINKSHEETS: NYMH) (, an innovative metals and mining company headquartered in Port Jefferson, N.Y., announced today that NYMET Holdings Inc. has obtained a credit line approval from a New York based factor and finance company.

The $900,000 credit line was approved as part of a working agreement for projects and material purchases associated with NYMET Holdings Inc. and its subsidiaries.

The credit line provides NYMET with funds to expand its revenue stream, as well as execute the company's current business development plan which has been formulated by management. Additionally, this approval allows NYMET the ability to factor its Letters of Credit, which NYMET will receive from clients overseas.


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 confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.

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