Eline Entertainment Completes 1st Phase of Due Diligence to Acquire Through Its Subsidiary CTD Holdings, Inc., Cyclolab Research & Development Laboratory, Ltd.

    KNOXVILLE, Tenn., Oct. 17 /PRNewswire-FirstCall/ -- Eline Entertainment
 Group, Inc. (OTC Bulletin Board:   EEGI) announced today that it has completed
 its first phase due diligence process in evaluating the acquisition of a
 majority interest in Cyclolab Research & Development Laboratory, Ltd. of
 Budapest, Hungary.
     As part of the process, consultants to Eline as well as Rick Strattan,
 president and CEO of CTD Holdings, Inc. (OTC Bulletin Board:   CTDH), visited
 the facilities and reviewed with management the audited financial information
 of the company.
     CyloLab has been recognized as a leader in the European manufacturing of
 cyclodextrins and CD complexes on a pilot plant basis. Cylodextrins are
 contributing significantly to the practical commercial applications of
 nanotechnology. Recently, there has been an explosion of interest in
 nanotechnology, the manipulation on the nanoscale. The recent interest in the
 nanoscale has produced, among numerous other things, materials used for and in
 drug delivery. Nanoparticles are generally considered to be solids whose
 diameter varies between 1-1000 nm. As a result of intensive research and
 advances in enzyme technology, cyclodextrins and their chemically modified
 derivatives are now available commercially, generating a new technology:
 packing on the molecular level.
     Mr. Strattan said, "We were not disappointed during our recent visit to
 Budapest. The opportunities to jointly develop new and useful commercial
 products using CDs in nanotechnology may be limitless." He went on to further
 state, "We believe that this acquisition will not only consolidate our joint
 efforts but will enhance our ability to develop proprietary products to
 further enhance shareholder value."
 
     About CTD Holdings
     CTD Holdings sells cyclodextrins (CDs) and provides consulting services in
 the area of commercialization of cyclodextrins applications. CTD Holdings is a
 considered to be a leading consultant in determining manufacturing standards
 and costs for CDs. CDs have applications in the areas of biotechnology,
 cosmetics, foodstuffs, pharmaceuticals, and toxic waste treatment, among
 others. CDs help bring together oil and water and have potential applications
 anywhere these materials must be used together. CDs can improve the solubility
 and stability of a wide range of drugs, as many promising drug compounds are
 unusable or have serious side effects because they are either too unstable or
 too insoluble in water.
 
     This press release contains forward-looking statements, some of which may
 relate to CTD Holdings, Inc., and which involve numerous risks and
 uncertainties. Actual results, performance, or achievements could differ
 materially from those anticipated in such forward-looking statements as a
 result of certain factors, including those set forth in CTD Holdings, Inc.'s
 filings with the Securities and Exchange Commission.
 
 
     About Eline Entertainment
     Eline Entertainment Group, Inc. provides manufacturing solutions through
 the design, fabrication, sourcing and distribution of specialty materials,
 systems and related supplies for use in industrial, commercial and residential
 applications. Through its Industrial Fabrication and Repair subsidiary, the
 company provides machining, welding, specialty design, fabrication and
 component sales for custom applications, including systems used in the
 movement of raw materials, finished goods and supplies in its customers'
 manufacturing processes. The company's Storm Depot International subsidiary
 distributes hurricane protection products, including its proprietary E-Panel,
 a lightweight translucent hurricane panel, through a network of licensed
 dealers and independent retailers. The company's dealer outlets offer the
 public and the contracting trade a one-stop shopping solution for a broad
 range of hurricane protection and preparedness products. Eline Entertainment
 Group has recently announced that its Board of Directors has approved changing
 the corporate name to Grande International Holdings, Inc.
 
     This press release contains forward-looking statements, some of which may
 relate to Eline Entertainment Group, Inc., and which involve numerous risks
 and uncertainties. Actual results, performance or achievements could differ
 materially from those anticipated in such forward-looking statements as a
 result of certain factors, including those set forth in Eline Entertainment
 Group, Inc.'s filings with the Securities and Exchange Commission.
 
     CONTACTS:
 
     CTD Holdings, Inc.
     C.E. Rick Strattan
     President & CEO
     (386) 454-0887, ext. 22
 
     Eline Entertainment Group
     Barry A. Rothman
     +1-215-895-9859
 
 

SOURCE Eline Entertainment Group, Inc.

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