CXN Circle Grp. Holdings

MUNDELEIN, Ill., May 2 /PRNewswire-FirstCall/ -- Circle Group Holdings (AMEX:CXN), announced Monday that shortly following its special shareholder meeting to seek approval to change its name to Z-Trim Holdings, the company will issue a "D-Share" to shareholders. "The D-Share is intended to provide future rewards to legitimate shareholders of record who retain their ownership interest," explained Greg Halpern, Chief Executive Officer. Strictly speaking, the D-Share will be a newly-issued Series D Preferred Stock. The Company's Board of Directors has the ability to issue the D-Share without shareholder action. The new D-Share will only be issued to shareholders who present the new Z-Trim stock certificate directly to the Company. Importantly, however, Company insiders will not be entitled to D- Shares. "The D-Share concept will reward our legitimate public shareholders and disincentivize continued trading of "phantom" stock by naked short sellers," explained Halpern. "To demonstrate our genuine intent to reward our loyal shareholders, we are announcing today that management will not be eligible to own D-Shares." Holders of the D-share will receive a pro-rata cash dividend from 10% of the after-tax profits from future licensing of the Z-Trim process to global food manufacturers for as long as the shares are held by the original holder -- but the D-share will dissolve immediately upon sale or transfer of the associated ZTM share. The record date for the D-Share and other specifics of the plan will be released at a later date. 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, and 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 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 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: DATASOURCE: Circle Group Holdings CONTACT: Steve Cohen of Circle Group Holdings, +1-847-549-6002, Web site: http://www.crgq.com/ http://ztrim.com/

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