Circle Group Holdings to Change Company Name to Z-Trim

MUNDELEIN, Ill., Feb. 6  /PRNewswire-FirstCall/ -- Circle Group Holdings (AMEX:CXN), announced today that their Board of Directors have approved a change of the company name from Circle Group Holdings, Inc. to Z-Trim Holdings. This change is subject to shareholder approval. Immediately following shareholder approval the trading symbol will be changed from CXN to ZTM, the cusip number will be changed and new certificates will be issued to replace all existing shares. "In keeping with our efforts to build Z-Trim into a major force in the fight against global obesity, we are positioning our company to focus all our resources on Z-Trim," said Greg Halpern CEO, Circle Group Holdings.

About Circle Group Holdings

Circle Group Holdings, Inc. ( http://www.crgq.com/ ) is a pioneer of emerging technology companies. Circle Group Holdings provides small business infrastructure, funding and substantial intellectual capital to bring important and timely life-changing technologies to market through all early phases of the commercialization process. FiberGel Technologies, a wholly owned subsidiary of Circle Group Holdings, owns the worldwide rights to Z-Trim for all fields of use. Invented over many years by Outstanding Senior Research Scientist Dr. George Inglett at the United States Department of Agriculture, Z-Trim is protected by three issued U.S. and International patents with more than 54 additional patents pending. Circle Group Holdings' press releases are available at http://www.crgq.com/HTML/breakingNews.html . Circle Group Holdings has signed a new partnership with George Foreman Enterprises, Inc. (GFME.OB), the lifestyle brand company created to harness and leverage the George Foreman brand name, to promote and market Z-Trim to major food companies, QSR and restaurant franchises, the health and wellness community and the consumer market.

About Z-Trim(R)

Z-Trim is a natural zero calorie fat-substitute made from the hulls of corn, oats, soy, rice, barley that lowers 25% to 50% of calories from fats in most foods without negatively affecting taste or texture. Z-Trim generally can't be detected by consumers when formulated correctly in dairy, dressings, dips, sauces, baked goods, processed meats, snack foods, cookies, pies, cakes, icings, brownies, bars, ice cream, milk shakes and many other foods. It improves texture significantly; makes meats juicier, baked goods moister, dips creamier. Z-Trim lets you eat more of the foods you love without fear of weight gain and allows you to lose weight without giving up the foods you love. Z-Trim adopts the flavor and mouth feel of most recipes and reduces aftertaste in most foods. It has been proven in studies that a majority of consumers prefer Z-Trim foods over their full-fat counterparts. Z-Trim can substantially reduce harmful Trans and saturated fats and adds healthy insoluble and soluble dietary fiber which can be beneficial to heart patients and diabetics. Z-Trim can improve digestion without any negative side effects sometimes associated with other fat substitutes. Z-Trim has been featured on Fox News "Your World w/ Neil Cavuto"; USA Today, Chicago Tribune, as well as local affiliates of NBC, FOX and CBS.

Forward-Looking Statements and Risk Factors

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

  Contact:  Steve Cohen
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DATASOURCE: Circle Group Holdings, Inc.



CONTACT: Steve Cohen of Circle Group Holdings, Inc., [phone],

 



Web site:  http://www.crgq.com/

http://www.crgq.com/HTML/breakingNews.html 

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