NYMET Holdings, Inc (NYMH)
NYMH still on Alert from yesterdays email alert,let's see what the A.M brings us.We might see a quick bounce at the bell after today's down trend.
For the 6 months of 2010 NYMH had sales that exceeded $43 Mill for their Vican subsidiary alone!
NYMH anticipates meeting or exceeding $100 Mill in revenues by the end of the fourth quarter in 2010 and on track to achieve over $200 Mill in revenue in 2011.
These are pretty extraordinary numbers for a penny stock!! You won't find many companies reporting these kind of numbers.
NYMH is in the metal business.
NYMH's primary focus is the sale, both domestically and internationally, of commodities, which include, but are not limited to, ferrous metal scrap, non-ferrous scrap metals and a variety of types of ore.
NYMH has successfully developed working relationships across the scrap metals industry as well as in the steel production industries including several mines located in the Uyuni region in Bolivia that have supplies of lead and manganese ore.
In addition, the company has contracts with several scrap metal facilities located in the Dominican Republic, Puerto Rico, Trinidad, St. Lucia, New Jersey, New York, Texas, Canada, Atlanta Georgia, Detroit, Indiana, and Louisiana. The company is also in the business of metals recycling.
Company Overview
NYMET Holdings Inc. (herein after referred to as "Nymet") is a NY based metals and mining holding company founded in November 2006. Nymet has successfully developed working relationships for the sale of commodities both domestically and internationally and holds strategic alliances across the metals recycling and processing industries through its wholly owned subsidiary Nymet Industrial Solutions, Inc.
NYMET Industrial Solutions, Inc.
Nymet Industrial Solutions Inc. (herein after referred to as "Nymet Industrial" or the "Company"), through its trading desk, has successfully developed working relationships across the scrap metal industry and steel production sectors. These relationships include several scrap metal processing facilities located in the Dominican Republic, Puerto Rico, Trinidad, St. Lucia, St. Croix, New Jersey, New York, Texas, Canada, Atlanta Georgia, Detroit and Louisiana. The Company has also developed relationships with several domestic steel mills such as Bayou Steel and Gerdau Ameristeel Steel as well as internationally with Accerlor Mittal and Hyundai having facilities located in Taiwan, India, Bangladesh, Thailand, Singapore and China. These regions are the world's largest steel producers and as such require a large amount of scrap feedstock. Scrap metal is currently the most cost effective feed stock used to produce steel products. It should be noted that with the advancements in steel production, utilizing scrap metal now reduces carbon emissions by approximately 30% compared to the traditional production process of smelting iron ore. Nymet Industrial is currently selling material primarily to Asia and the Pacific Rim countries. The supply of material is met from stockpiles located in the USA, Europe, Caribbean and South American countries.
Otcshub was not compensated for the profile of NYMET Holdings Inc.
