Nymet Holdings Inc. (fka NYMH)

[flyonawall]

quix, please read the last PR from PRGL. No Gold No Radio No TV No Nothing. Just an FYI. This is NOW NYMH NO LONGER PRGL

SANTA ROSA BEACH, FL, Feb 27, 2009 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PRGL) today provided a corporate update to address recent shareholder inquiries regarding its various initiatives.

What is the status of our company's IRS Excise Tax Certification to sell Biodiesel?

Our company did not obtain Excise Tax Certification to sell Biodiesel.

What is the status of the Opp, Alabama Biodiesel Refinery?

As a result of factors such as the depressed national economic conditions our company will not operate the Opp Biodiesel Refinery. The land and main building should revert back to the City of Opp in an agreement reached between our company and the City. Operational permits should be returned to the appropriate regulatory agency if necessary, or not be renewed. Any remaining building onsite and equipment may be used in an effort to reduce or eliminate debt relating to construction or other costs; or other applications in the best interests of our company.

What is the status of our company?

Obviously, our company has been severely affected by the downturn in the national economy. In view of the severe national economic conditions and other factors, as with many other companies nationwide, our company has drastically reduced its overhead and has been reviewing its options to reduce its debt and outstanding liabilities to survive and operate.

What are our company's debts and liabilities?

Our company owes legal, accounting, engineering and corporate fees; debts to vendors or contractors relating to the Biodiesel refinery; rents, permit / governmental fees, accrued compensation, shareholder loans and a note payable for the radio stations. Most of these liabilities were personally guaranteed by shareholders who are members of management.

What is the status of the radio stations?

WCMA is currently being operated under a License Management Agreement by a non-profit organization and has a Mortgage Lien on it relating to payment of company legal fees for securities work. WTKN received a fine for FCC broadcast violations and is currently being reformatted.

Does our company have active mining operations?

Our company does not have active mining operations at this time.

What are our company's plans to move forward?

Our company is considering several possibilities, by obtaining available data and analyzing it to ascertain which, if any of these scenarios may provide a higher probability of success in today's environment. Our company's research includes, but is not solely limited to the acquisition of revenue producing assets or companies and / or the liquidation of assets to reduce or eliminate debt and liabilities.

What has happened to the current management and why was our company not successful to date?

While some members of the management team and / or their immediate families have undergone life threatening medical illness or conditions over the past year, they have continued to utilize all available time, energy and resources towards our company's and shareholders well being. Additionally our company, such as many others nationally has not been immune to the effects of national economic conditions. At present, our company is reviewing all options, including the possible appointment of replacement or additional management members.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development and management of strategic commodity reserves and assets in the energy and natural resource markets.

Website: http://www.perihelionglobal.com