NEW YORK, NY, Nov 16 (MARKET WIRE) --
NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetholdings.com), 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.
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:
NYMET Holdings Inc.
www.nymetholdings.com
(631)-923-1400
Copyright 2009, Market Wire, All rights reserved.
-0-
