Circle Group has acquired Fiber-Gel Technologies, Inc., a wholly owned subsidiary of UTEK. Fiber-Gel owns the exclusive, worldwide licensee to Z-Trim - an all-natural, carbohydrate-based fat replacement.

       "Z-Trim is a terrific opportunity for Circle Group and its shareholders," said Circle Group CEO & Chairman Gregory Halpern, about the acquisition, which was a result of Circle Group's strategic alliance with UTEK. "We have always taken an opportunistic viewpoint to our investments, and Z-Trim is quite possibly the best opportunity we have seen to-date. I am very excited about Z-Trim's potential and its marketability. I think Circle Group has the legs needed to make this product run."