Circle Group Holdings Completes Private Placement Friday March 31, 2006, 9:05 a.m. ET
31 März 2006 - 5:59PM
PR Newswire (US)
MUNDELEIN, Ill., March 31 /PRNewswire/ -- Circle Group Holdings,
Inc., (AMEX:CXN) makers of Z-Trim, the revolutionary zero calorie
fat replacement ingredient, has completed a private placement of
unregistered common stock. Gross proceeds from the sale total
$5,133,298. "Globally, more than one billion people are overweight,
including almost two-thirds of U.S. adults and half of U.S.
Children. Z-Trim is a legitimate obesity solution that people are
now beginning to find out how it can solve one of their most
important health concerns," said Greg Halpern, CEO Circle Group
Holdings. "We plan to use a significant portion of the funding to
take our marketing of Z-Trim to a new level." About Z-Trim(R)
Z-Trim, http://ztrim.com/ 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 typically 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 to 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's proprietary process
turns worthless agricultural bi-products into a valuable and highly
functional food ingredient with significant economic and health
advantages over the fat it replaces. Z-Trim provides a competitive
industry advantage, reduces environmental management costs, and
delivers a novel and substantial profit center to manufacturers. Z
Trim is protected by an extensive intellectual property portfolio
with over four dozen patents issued and pending throughout the
world, as well as myriad associated trade secrets and know how,
copyrighted works and trademarks. 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: DATASOURCE: Circle
Group Holdings, Inc. CONTACT: Steve Cohen of Circle Group Holdings,
Inc., +1-847-549-6002, or Web site: http://ztrim.com/
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