SOURCE: NYMET Holdings Inc.

NYMET Holdings Inc.

September 11, 2009 16:15 ET

NYMET Holdings Inc. (NYMH) Announces the Successful Commencement of Steel Shipments to Bayou Steel

NEW YORK, NY--(Marketwire - September 11, 2009) - NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announces the successful loading and shipment of steel to Bayou Steel.

As per the Purchase Order with Bayou Steel, NYMET has begun loading and shipping the material processed and on the ground at the Reed Saw Mill Property. NYMET, through Arkansas based J&K Trucking, has successfully delivered 40 truckloads of steel to the Bayou Steel facility located in La Place, Louisiana and anticipates the completion of the first 1000 gross tons of scrap metal to be completed shortly. Bayou Steel has acknowledged that all the shipments have been delivered as per the agreed specifications and all shipments have been accepted without any claims or discrepancies. A second Purchase Order from Bayou Steel is already under negotiation for September through October delivery.


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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