Circle Group's Subsidiary Receives Increased Order From Nestle for Z-Trim Zero Calorie Fat Substitute

May 13, 2004, 01:00 ET from Circle Group Holdings, Inc.

    MUNDELEIN, Ill., May 13 /PRNewswire-FirstCall/ -- Circle Group Holdings,
 Inc. (Amex:   CXN) today announced today that its subsidiary, FiberGel
 Technologies, Inc. has received an increased purchase order from Nestle for
 its Z-Trim zero calorie fat substitute. Valued at $881,000, the order is for
 215,000 pounds of Z-Trim with deliveries beginning in May and continuing until
 December 2004.
     Z-Trim is a patented revolutionary all-natural, zero calorie fat
 replacement that reduces calories and increases healthy insoluble fiber in a
 variety of products, including cheese, baked goods, processed meats,
 dressings, confectionery and a wide range of other prepared foods. It has been
 well received by consumers as well as a number of major domestic and foreign
 food manufacturers as a mainstream ingredient for making healthier foods with
 fewer calories that don't sacrifice taste or texture. FiberGel owns the
 worldwide rights to Z-Trim for all fields of use, which was invented over many
 years by Outstanding Senior Research Scientist Dr. George Inglett
 ( ) at the United
 States Department of Agriculture (USDA). For more information about FiberGel
 Technologies, visit .
     About Circle Group Holdings, Inc.
     Circle Group Holdings, Inc. (Amex:   CXN) ( ), is a pioneer
 of emerging technology companies. The Company provides small business
 infrastructure, funding and substantial intellectual capital to bring
 important and timely life-changing technologies to market through all early
 phases of the commercialization process. All Company press releases are
 available at .
     Forward-Looking Statements
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 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

SOURCE Circle Group Holdings, Inc.