VANCOUVER, WA--(MARKET WIRE)--Aug 26, 2008 -- Nettel Holdings, Inc. (Other OTC:NTTL.PK - News) reports progress on Tougi Scrap Metal Yard.

Tougi Metals, a fully owned division of Nettel Holdings, Inc., in the past month alone, was able to open 5 additional metal scrap yards in Puerto Rico, exceeding even our own expectations. Each yard is capable of producing 3500 MT per month independently, which translates to 4-6 containers per day per yard. As the demand for HMS 1 & 2 increase, our goal of opening new scrap yards to meet these demands have proved most profitable and an opportunity we could not overlook. Within the next 3 months, we would like to see a total of 10 yards capable of processing 30,000 to 35,000 MT/month which, essentially, would yield approximately 13.8 million dollars per month in sales. Our commitment to meet the demands of our clients have deemed it necessary for the CEO of the company to temporary relocate to Puerto Rico in order to help oversee this massive project and to ensure the profitability of each yard. Although the work is strenuous and there are many challenges along the way, the staff members hired by Nettel are very committed to ensuring the success of these projects.

Our goal each month is to open 5 new yards capable of processing 3,500 MT per yard. In addition, once efficiency is reached, it is realistic to be able to process 5000 MT per month. Based on our experience so far, the following points have aided us in our decision to continue with the model of supplying our own metals, by opening multiple yards, instead of using a broker:

1. Immediate profit is seen within the first week of opening every yard

2. Each yard capable of producing 3500 MT per month

3. Orders secured from multiple committed buyers for over 200,000 MT per month ($92 million dollars in revenue per month - most of our buyers will pay for metals once containers are loaded at the yard and shipping them directly to their buyers)

4. All yards owned and operated by Nettel Holdings (100% ownership of yards increases awareness, customer loyalty and yield higher profit margin).

In order to meet the demand of over 200,000 MT per month, our goal is to open a total of 50 yards in a period of 12 months. Based on our work thus far, we are very optimistic about the progress of Tougi Metals and the future of Nettel Holdings. We would like to be more informative in the future regarding the progress of these projects in Puerto Rico, Bahamas, Dominican Republic, and other locations by addressing all your questions and concerns through these press releases.

     Contact:
     Nettel Holdings, Inc.
     Investor Relations
     503-336-5098