SOURCE: NYMET Holdings Inc.

NYMET Holdings Inc.

September 28, 2009 08:18 ET

NYMET Holdings Inc. (NYMH) Engages a Top Accounting Firm to Commence Audit

NEW YORK, NY--(Marketwire - September 28, 2009) - NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetholdings.com), an innovative metal and mining company headquartered in Port Jefferson, N.Y., announced today that it has engaged Bagell, Josephs, Levine & Company, LLC (www.bagelljosephs.com) to begin the process of completing the Company's audited financials.

James Gardner, Senior Vice President of NYMH, stated: "We are proud to inform our shareholders that the Company has engaged a top accounting firm for the purposes of completing a full audit, as well as to complete the required disclosure documents to be filed with pinksheets.com. Both of these components are vital for NYMET to become eligible to graduate to a higher exchange, which is one of the company's many future objectives."

ABOUT BAGELL, JOSEPHS, LEVINE & COMPANY, LLC

Bagell, Josephs, Levine & Company is a registered CPA firm that requires compliance with the standards and regulations as set forth by the Public Accounting Company Oversight Board. Bagell, Josephs, Levine & Company has over 60 years of combined experience in the field. Their Public Companies/SEC team offers services including: annual audits, quarterly reviews of financial statements, pro forma financial statements, management, discussions and analysis, knowledge of emerging task force issues, internal controls/compliance with Sarbanes-Oxley, and reviewing replies to SEC comment letters. Bowman's Accounting Report named Bagell, Josephs, Levine & Company one of America's top four fastest growing auditors based on total public companies audited in 2005-2004. The Company has also gained national recognition as one of the top CPA Firms in the nation and is currently ranked number 70. Managing Partner Carl H. Bagell stated: "We are very proud to be named on America's Top Auditors list. No firm achieves this distinction without attracting and retaining exceptional clients through providing valuable services."

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

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.

Contact Information