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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