© 2009 NMC, Inc. All rights reserved. Site last updated: 3/2/09.
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A Nevada Corporation  |
Corporate Office
909 Sunset Ridge Drive
Franklin, TN 37069
Phone (615) 400-1099
Fax (615) 472-8280

NMC, Inc.
Statement to Shareholders
January 4, 2009

The recent reaction to our revised website has been positive and I personally have been blessed to be able to gauge the pulse of several hundred shareholders via their personal emails and calls since placing my personal contact information on the website. While many expressed frustration and even anger over the low PPS, lack of press releases, and difficulty selling our assets; by the end of our conversation they gained a better understanding why NMC, a non-reporting company, had to be so quiet and that the PPS is reflective of market manipulation, lack of revenue, and suspicious trading activity resulting in the subsequent global lock of our stock securities.

As you may know, commodity prices have decreased the “pre-extraction value” of our assets by approximately 50% in the last year as the financial crisis is truly global. It is still our mission to sell our assets or enter into a joint venture agreement with another company that has the financial wherewithal to process and sell our ore. At the moment, we have only turned down one offer for a joint venture, of which, was with a firm that wanted a stock swap. On the other hand, our board has approved an offer from a prospective buyer that has completed their own core drilling and custodial assays, however, due to the Bear Sterns debacle, had their loan canceled by the bank. They remain interested but have not yet obtained financing which is true of other prospective buyers as well.

On a more positive note, we have been able to reduce our operating expenses from several hundred thousand per month to less than $15,000 per month, and we were successful in our negotiations with our creditors to reduce our monthly payments until we sell our assets. Our Accounting firm reduced their invoices by 50%, and for the first time since 1995, we have filed our taxes for the years 1996 through 2005 and hope to complete 2006 and 2007 shortly. Our 2007 financials were completed and posted on our website.

Recently, I attended the MINEXPO 2008 and followed up with sixty-nine personal letters incorporating the NMC, Summation Offering. One of the firms I met with was Rio Tinto who unfortunately has recently announced that they were laying off 14,000 workers and cutting their capital expenditures budget by over 50%. Yes, these are the worse of times for selling major assets, but I remain undaunted in our efforts to continue to do the right things, the right way, in our quest to maximize the return on your investment.

Your continued patience and prayers are appreciated.
In Your Service,

Michael Sheppard, President