Circle Group Holdings to Change Company Name to Z-Trim
07 February 2006 - 2:06AM
PR Newswire (US)
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 Voice: 847-549-6002 Email: First Call Analyst:
FCMN Contact: DATASOURCE: Circle Group Holdings, Inc. CONTACT:
Steve Cohen of Circle Group Holdings, Inc., +1-847-549-6002, Web
site: http://www.crgq.com/
http://www.crgq.com/HTML/breakingNews.html
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