SOURCE: TidalWave Holdings, Inc.

November 18, 2008 08:45 ET

TidalWave Holdings, Inc. Executes Letter of Intent to Acquire NYMET Industrial Solutions, Inc.

PORT WASHINGTON, NY--(Marketwire - November 18, 2008) - TidalWave Holdings, Inc. (PINKSHEETS: TWVH) today announced that the company has signed a binding letter of intent to acquire the New York-based commodities trading firm, NYMET Industrial Solutions, Inc. NYMET's founders have more than 25 years' experience in the trading of various commodities. From its New York offices, NYMET provides a complete and efficient logistics package to corporate clients sourcing a diverse array of commodities including products ranging from industrial materials including Scrap Steel HMS 1 & 2, scrap lead, manganese ore, iron ore, tin ore, chrome ore, steam coal, gold, silver, titanium sponge, e-scrap and waste paper.

NYMET has developed an extensive presence in South America mining sector and several other emerging countries which has resulted in securing several contracts with both governmental and private sector manufacturers and mineral rich land acquisitions. NYMET is proficient in ISO, HACCP, and ICC rules. While the acquisition remains pending the execution of definitive agreements, it is expected to add more than $6,000,000.00 in revenue in 2009.

TidalWave CEO Mark Klok stated, "NYMET's market presence enables the company to have a significant competitive edge in both the sourcing and sale of any material. Additionally, NYMET's full time logistics department is capable of competitively securing production and shipping arrangements across their global network of ship owners and port management operations specialists. This acquisition is completely in line with our targeted growth and will perfectly complement our developing mining projects and processing operations."

NYMET's President, Mr. Edward Gulmi, stated, "The Mining Projects are successfully underway in South America. The mining project will have a synergistic value with the merger of our companies." Mr.Gulmi further stated that the opportunity to combine the experience and networking of both companies would add substantial value to both TidleWave and NYMET. "We look forward to finalizing the merger according to our binding letter of intent before years end."

About TidalWave: TidalWave Holdings, Inc. is a diversified holding company with strategic interests across the metals exploration, recovery and processing industries. This vehicle will enable NYMET to unfold their strength in the mining sector of South America and further assist TidleWave in sales and customer procurement for their production of precious and non-precious minerals. Under new management since 2008, TidalWave Holdings is pursuing a vision of growth marked by cost-effective, targeted acquisitions and project development that are accretive to overall company earnings and shareholder value. Its subsidiaries include Noble Metals Processing, LLC, a precious metals recovery plant in Mariposa County, CA and leaseholder of the nearby Mother Lode gold claim, the "Triumph Mine."

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Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.

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