TidalWave Holdings, Inc. Executes Letter of Intent to Acquire NYMET Industrial Solutions, Inc.admin
TidalWave Holdings, Inc. announced that the company has signed a binding letter of intent to acquire the New York-based commodities trading firm, NYMET Industrial Solutions, Inc. NYMET’s founders have more than 25 years, ‘NYMET has developed an extensive presence in South America mining sector and several other emerging countries which has resulted in securing several contracts with both governmental and private sector manufacturers and mineral rich land acquisitions. NYMET is proficient in ISO, HACCP, and ICC rules. While the acquisition remains pending the execution of definitive agreements, it is expected to add more than $6,000,000.00 in revenue in 2009.
TidalWave CEO Mark Klok stated, “NYMET’s market presence enables the company to have a significant competitive edge in both the sourcing and sale of any material. Additionally, NYMET’s full time logistics department is capable of competitively securing production and shipping arrangements across their global network of ship owners and port management operations specialists. This acquisition is completely in line with our targeted growth and will perfectly complement our developing mining projects and processing operations.”
NYMET’s President, Mr. Edward Gulmi, stated, “The Mining Projects are successfully underway in South America. The mining project will have a synergistic value with the merger of our companies.” Mr.Gulmi further stated that the opportunity to combine the experience and networking of both companies would add substantial value to both TidleWave and NYMET. “We look forward to finalizing the merger according to our binding letter of intent before years end.”