Nymet Holdings Inc. announced that it 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.

NYMET Holdings Inc. announced the Successful completion of initial purchase order and receipt of second purchase order from Bayou Steel, Inc. The company is looking at acquisition and merger opportunities. NYMET’s Senior Vice President, Edward R. Gulmi stated: "NYMET's overall mission remains focused on the expansion of its sales to larger steel consumers across the world. Furthermore, NYMET aims to align itself with top companies as we target additional acquisition and merger opportunities."

NYMET Holdings Inc. announced the commencement of sales of non-ferrous metals from the Reed Saw Mill Project, located in California. The company ready to announce that the demolition portion of this Project has been completed. Furthermore, the waste stream separation of the non-ferrous metals has commenced, which will increase the Company's revenue. In addition to scrap steel being sold from the site, NYMET has also received its first purchase order for non-ferrous metals. NYMET received their first purchase order for non-ferrous metals on September 18th from Top Dollar Scrap, a local recycling yard. Top Dollar is under contract to pick-up 10 truckloads of aluminum scrap derived from the demolition of the saw mill facility. NYMET anticipates the completion of this Project to be within 45 days. Furthermore, NYMET, as of, has successfully delivered and had accepted over 45 truckloads, containing 1,000 tons of scrap steel, to the La Place facility in Louisiana, thus completing the first purchase order between NYMET and Bayou Steel. Additional purchase orders from Bayou Steel are anticipated in the near future for additional amounts of material.