More on NYMH


I love it when opportunities knocks and NYMH may just be that opportunity. NYMH may see a massive surge as investor begin to take notice of NYMH future.

NYMH just reported today after the close, they have executed a joint venture agreement with Proinvest Consultants International for the Demolition and recovery of a sugar mill located in Louisiana.

NYMH has a division called NYMET Resources and Mining. Their primary focus is the production and sale of iron ore and other steel production based raw materials.

World production of iron ore increased to another all time high in 2009 at 1,480 million tonnes!

Crude steel production increased to 1,340 million tonnes, 7% higher from a year earlier!

NYMH has entered into a 1-year contract with a large multinational distributor of Iron Ore for the Chinese market and other Raw materials for the production of Steel.

The remaining fiscal 2010 contract for delivery of 250,000 Metrics ton of high grade Iron Ore, the contract will conservatively generate revenues of 30 million dollars for fiscal year 2010!

The 1-year contract provides for the export of approx 1 million metric ton of Iron Ore with revenues of 150 million per annum for the duration of the contract!

The Contract also provides mutual protection and eliminates the risk of price fluctuation while maintaining a consistent margin.

NYMH Executive Senior Vice President Edward R Gulmi stated, "The contract executed is a reflection of the new direction of our company. As a company, it is part of our corporate mission to utilize the best of the old with the best of the new, including best practices for logistics, processing, and inventory management."

Iron Ore rowth remains strong and the market consensus is that it will remain strong over the next five to seven years!

Some market analysts believe that this current cycle will duplicate the growth seen after the Second World War that continued until the 1973 oil crisis.

The 1946-1973 growth was driven by the USA and its population of some 250 million people. The current growth period is being driven by China and to a lesser extent India with a population totaling almost 3 billion.

Market analysts note the growth of what they refer to the "next billion," some 12 to 15 countries; including the Middle East, Indonesia, Philippines, Malaysia, Turkey, Poland, Chile, Argentina, etc.; that has been underestimated by the overall market.

Last month NYMH announced its agency alliance strategy for growth in China. NYMH has successfully acquired 100% of Vican Trading.

The acquisition will allow NYMH to expand its trading desk distribution network significantly increasing its client base.

In 2007 and 2008 Vican had revenues of over $190 million and $124 million respectively!!

"The acquisition of Vican Trading into NYMET Holdings will provide a strong financial platform to help develop strong agency alliances for growth in international markets, particularly in China," stated Lorne Kalisky, President of Vican Trading.

"Since the steep market decline in 2008, the metals recycling industry has been experiencing a collapse in confidence regarding credit and trust in trade. With the financial resources provided by NYMET Holdings and the strong relationships that Vican has developed in China, we are in advanced stages of discussion to become the exclusive agent for a large Chinese company. We will be using the same agency model with other large customers in China, as well as in other major international markets."

NYMH President and Chairman Benjamin Jennings commented, "We continue to aggressively pursue our goal of becoming a full service metals recycling company. The network and reputation that Vican Trading has developed in the international markets will help us reach our goal."

Since its inception in 2004, Vican Trading has grown into an industry leader with over $600 million of revenues!!

Vican Trading has developed an expertise in managing the logistics of metals of transport shipping over 50,000 containers since inception.

Vican Trading is a world recognized trading company for both ferrous and non-ferrous material!




For more information on NYMH make sure to visit their website at: www.nymetholdings.com

Please do your due diligence and consult with a financial professional.

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