MUNDELEIN, Ill., Feb 4, 2003 /PRNewswire-FirstCall via COMTEX/ -- Fiber Gel Technologies, Inc., a wholly owned subsidiary of Circle Group Holdings, Inc. (OTC Bulletin Board: CRGQ), announced today that it had partnered with Hyacinth Resources, to leverage Hyacinth's existing commerce relationships in Indonesia to generate Z-Trim production and new distribution opportunities in Asia.

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Hyacinth shall assist Fiber Gel with such issues as business introductions and facilitation of exclusive manufacturing rights in Indonesia.

"We believe Z-Trim represents a major breakthrough in functional food ingredients and could revolutionize the Asian food market," said Hyacinth's President - Douglas Morris.

"Hyacinth is in the unique position of having access to substantial prime business commerce relationships in Indonesia," said Gregory J. Halpern, Fiber Gel's CEO. "This largely untapped market paves the way for Z-Trim manufacturing opportunities in Indonesia and distribution to the Asian Market."

About Fiber Gel Technologies

Fiber Gel owns the worldwide rights to Z-Trim for all fields of use. Licensed from the United States Department of Agriculture (USDA) Z-Trim is a patented, zero calorie, multi-functional, fiber food ingredient that lowers calories in most foods without affecting taste.

For more information about Fiber Gel Technologies, visit https://ztrim.com/ .

About Circle Group

Founded in 1994, Circle Group is a funding and consulting source for emerging companies. Through its wholly owned NASD-Registered broker-dealer, CGI Capital, Circle Group offers companies various funding solutions. Circle Group also offers in-house digital design services and business consulting solutions. Circle Group was the first company to complete an entire end-to-end capital raising campaign over the Internet without assistance from the traditional investment banking community.

    For more information about Circle Group, visit https://crgq.com/ .

This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.

    CONTACT:  Greg Halpern of Circle Group, +1-847-549-6002, [email protected]

SOURCE Circle Group Holdings, Inc.

Greg Halpern of Circle Group, +1-847-549-6002, [email protected]

https://www.crgq.com/

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