Nymet Holdings Inc. (fka NYMH)

[eagleye]

sandis, am I reading this correct? NYMH was to have or exceed 100,000,000.00 is sales by the end of the fourth quarter in 2010? WOW a whole lot of bananas!! That is some serious coin for a pink sheet company

http://finance.yahoo.com/news/NYMET-Holdings-Inc-NYMH-iw-1286287008.html?x=0&.v=1

NYMET Holdings Inc. (www.nymetholdings.com) is the parent company of Vican Trading Inc. (www.vicantrading.com), a Canadian and New York based scrap metal brokerage firm, and NYMET Industrial Solutions, a New York based scrap metal company.

Previous revenues for NYMET 2009 were approximately $3,500,000 with revenues now on a consolidated basis for fiscal 2009 $73,000,000. This increase represents well over a 1800% increase in sales. For the 6 months ended 2010 sales have already exceeded over $43,000,000 for the VICAN subsidiary alone. NYMET anticipates meeting or exceeding $100,000,000 in revenues by the end of the fourth quarter in 2010 and on track to achieve over $200,000,000 in revenue in 2011.

"The recent acquisition of VICAN as a wholly owned subsidiary has increased our top line revenues exponentially. This increase in revenues for NYMET elevates the company to compete with some of the top Scrap Trading companies in the World. We intend to continue our strategy of acquiring and consolidating additional complementary companies that will build NYMET into a fully diversified metals recycling company with a global presence," said T. Benjamin Jennings, President and Chairman.