Symmetry Holdings Inc. to Present at CIBC World Markets 2nd Annual Industrials Conference on October 2nd and 3rd



    NEW YORK, September 27 /CNW/ - Symmetry Holdings Inc. ("Symmetry") (AMEX:  
SHJ, SHJ-U, SHJ-WS) today announced that it is scheduled to present at the
CIBC World Markets 2nd Annual Industrials Conference in New York City on
Tuesday, October 2, 2007 at 9:00 a.m. ET. Symmetry's Chief Executive Officer,
Corrado De Gasperis, will also participate in the Steel Panel to be held on
October 3, 2007 at 12:00 p.m. (noon) ET.

    Interested parties may access the live-audio webcast of the Steel Panel
by visiting http://www.veracast.com/webcasts/cibcwm/industrials07/94206106.cfm
(due to its length, this URL may need to be copied/pasted into an Internet
browser's address field). Please connect at least 15 minutes prior to the
presentation to ensure adequate time for any software download that may be
required to join the webcast. An audio archive of the presentation will be
available at the web address listed above for 90 days, and the presentation
will be archived on Symmetry's website at www.symmetryholdings.com.

    About Symmetry Holdings Inc.

    Symmetry is a company formed for the specific purpose of acquiring
businesses that are in the basic industries sector. On June 21, 2007, Symmetry
entered into an Arrangement Agreement with Novamerican Steel Inc.
("Novamerican") (NASDAQ:   TONS), pursuant to which it plans to acquire all of
the outstanding common shares of Novamerican by way of a court-approved
statutory plan of arrangement under the Canada Business Corporation Act. For
additional information on Symmetry Holdings Inc., visit its website at
http://www.symmetryholdings.com.

    Not a Proxy Statement

    Symmetry has filed a preliminary proxy statement with the Securities and
Exchange Commission in connection with its proposed acquisition of
Novamerican. This press release is not a proxy statement or a solicitation of
proxies from the holders of common stock of Symmetry and does not constitute
an offer of any securities of Symmetry for sale. Any solicitation of proxies
will be made only by a definitive proxy statement of Symmetry that will be
mailed to all stockholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ
THE DEFINITIVE PROXY STATEMENT WHEN COMPLETED, WHICH SYMMETRY INTENDS TO MAIL
TO ALL ITS STOCKHOLDERS OF RECORD ON OR AFTER THE RECORD DATE BECAUSE IT WILL
CONTAIN IMPORTANT INFORMATION ABOUT SYMMETRY, NOVAMERICAN AND THE PROPOSED
ACQUISITION OF NOVAMERICAN. Once filed, investors and security holders will be
able to obtain a free copy of the definitive proxy statement and other
relevant materials, and investors and security holders may obtain free copies
of other documents filed by Symmetry, at the Securities and Exchange
Commission's web site at http://www.sec.gov.

    Forward-Looking Statements

    This press release contains forward-looking statements, which reflect
Symmetry's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual events could differ
materially from those projected herein and depend on a number of factors. In
some cases, you can identify forward-looking statements by terminology such as
"may," "should," "could," "would," "expect," "plan," "anticipate," "believe,"
"estimate," "continue," or the negative of such terms or other similar
expressions. The reader is cautioned not to rely on these forward-looking
statements. Symmetry disclaims any obligation to update these forward-looking
statements.




For further information:

For further information: Symmetry Holdings Inc. Karen G. Narwold,
646-429-1540 General Counsel Cell: 917-207-7924

Organization Profile

SYMMETRY HOLDINGS INC.

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