Nymet Holdings Inc. (fka NYMH)

[jhstew1]

News...................

Perihelion Global Opp, Alabama Facility Begins Commercial Production of Biodiesel; Meets Latest ASTM Biodiesel Fuel Specification

Monday June 2, 7:45 am ET

OPP, AL and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jun 2, 2008 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the Company's Biodiesel product has met the latest ASTM D 6751 specifications required for US EPA registration and is now certified as fuel-grade Biodiesel. The Company further announced that its Opp, Alabama Biodiesel refinery is now online and producing Biodiesel.


Fuel-grade Biodiesel must be produced to the latest specifications of ASTM D 6751 and is legally registered with the US Environmental Protection Agency as a legal motor fuel for sale and distribution. The achievement of the ASTM D 6751 specification for the Company's multi-feedstock B100 Biodiesel allows Perihelion to begin commercial production, which will formally commence today, June 2, 2008.

Biodiesel, as defined in the latest ASTM D 6751 specification, is registered with the US EPA as a fuel and a fuel additive under Section 211(b) of the Clean Air Act and meets clean diesel standards established by the California Air Resources Board (CARB). Additionally, ASTM D 6751 Biodiesel has been designated as an alternative fuel by the Department of Energy (DOE) and the US Department of Transportation (DOT). Initial Company estimates outline the production of several million gallons of B100 Biodiesel during the first calendar year from Phase One of its Opp Biofuel Refinery operation.

"We are pleased that our Biodiesel has passed the latest comprehensive ASTM D 6751 specifications, which we consider to be more difficult for a multi-feedstock producer to obtain. We're excited about entering our production phase, and appreciate the support of the local Opp community and our shareholders as we faced and ultimately overcame several obstacles along the way," said John H. Beebe, Chairman, President & Chief Executive Officer. "As Biodiesel continues to gain market traction and prices for crude oil and diesel continue to set record highs, we believe that individuals, agricultural and commercial interests will continue to increase their use of this cleaner fuel. We're proud to help support our country meet its energy needs using non-feedstock, renewable sources."

United States legislation provides incentives of up to $1.10 per gallon of EPA-registered Biodiesel for production of up to 15 million gallons per year, and up to $1.00 per gallon for production of up to 60M gallons per year.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Perihelion Global's Energy Division is a full producing member of the National Biodiesel Board.

Website: http://www.perihelionglobal.com

Caution Regarding Forward-Looking Statements

This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.

These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:

-- General economic conditions, either nationally or in our market area, that are worse than expected;

-- regulatory and legislative actions or decisions that adversely affect our business plans or operations;

-- price competition;

-- inflation and changes in the securities markets that adversely affect the fair value of our operations; and

-- changes in our organization, compensation and benefit plans.

We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.


Contact:

Contacts:

John H. Beebe
Chairman, Chief Executive Officer & President
866-748-7610 (Toll Free)