Nymet Holdings Inc. (fka NYMH)

[flyonawall]

LOL LOL LOL Kinda sorta wrong....heres the PR looks like they were going to buy it according to the PR. Guess there seems to be a problem with that as well. Good DD Avdave!

http://newsblaze.com/story/2007080613552300001.mwir/topstory.html


Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has signed an agreement to manage and acquire TV-25 in South Alabama. TV-25 is a fully operational, LP TV Station on Channel 25, currently serving Southern Alabama and the Northwest Florida Panhandle.

TV-25 is presently available over the air and is also carried by 5 cable companies. In addition, TV-25 has been granted approval by the FCC to increase its licensed broadcast power from 20,000 watts to the FCC maximum 150,000 watts. Perihelion plans to upgrade TV-25 for High-Definition (HD-TV) content in the future, increasing its market value, reach, and influence of content.

This agreement, along with the FCC-licensed broadcast radio stations previously acquired by Perihelion, will begin to form the cornerstone to the company's communications division. Under the agreement, Perihelion Global will take over the management and programming of the TV-25 from Silver Wings Broadcasting, Inc., as of August 1, 2007. Perihelion Global will file a formal application with the FCC to transfer ownership of the station in the coming months. Shareholders will be apprised when the FCC license transfer is completed.

Perihelion Global Chairman, President, and Chief Executive Officer John H. Beebe stated, "We're happy to have reached an agreement for TV-25 with Silver Wings Broadcasting, and we believe there is tremendous value in the broadcasting space. TV-25 provides us the opportunity to create new and exciting broadcast content, advertising opportunities, and broader revenue streams for Perihelion and its shareholders. We encourage residents in and around the Southern Alabama and Northwest Florida area to join in the development of the new TV-25 by sharing their thoughts and ideas about the programming and content."

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 the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.

Website: http://www.perihelionglobal.com