Company's Research Yields New Opportunities for Broader Range of Global Corporate Joint Venture Partners
MUNDELEIN, Ill., Sept. 23 -- FiberGel Technologies, Inc., a wholly owned subsidiary of Circle Group Holdings, Inc. (BULLETIN BOARD: CRGQ) , has expanded its global offering of marketing partnership opportunities in response to significant product developments.
Last month the company successfully completed its Z-Trim prototype manufacturing optimization program with achievements in two major areas by developing a wider range of fiber based product formats and additional intellectual property -- including gel, emulsion and powder -- for its corn based Z-Trim functional fat substitute as well as the same array of formats for an important new Z-Trim fat replacement product directed to manufacturers of oat based goods.
Since April, FiberGel Technologies has been responding to industry inquiries and initiated exclusive partnership discussions with major domestic and international companies representing several food applications. As a result of new Z-Trim product developments presented by the company's technology team, led by Triveni P. Shukla, Ph.D., Vice President of Technology Development, the company now has been able to expand the scope of its marketing partnership programs to include numerous applications under the following major SIC classifications:
311.200 Grains and oil seeds
311.300 Sugar and confectionary
311.400 Fruits and vegetables
311.500 Dairy products
311.600 Processed meat
311.800 Bakeries and tortillas
311.900 Others - flavors and seasonings
"These expanded product lines allow us to take our commercial fat substitute technology to a much wider corporate community," said Dr. Shukla. "It is important to us that we remain committed to the companies with whom we already have been presenting and consulting, and now we are able to offer the superior Z-Trim advantages with a favorable cost equation to companies that we had not considered earlier in their quests for replacing fats in their products."
Circle Group CEO Gregory Halpern indicated that FiberGel's corporate presentations to major domestic food manufacturers have been extremely well received. "We found a great degree of interest in Z-Trim that exceeded our highest expectations from technical and marketing groups across the country," said Halpern. "This was not just because companies are seeking better methods for responding to consumer desires and regulatory pressures for healthier foods but because we were presenting to them a product line that demonstrated the best solutions to their needs for replacing fats with a superior ingredient without affecting taste or mouth feel characteristics of their valued brands."
Z-Trim is an all-natural, zero calorie fat replacement product originally developed by the United States Department of Agriculture (USDA) Agricultural Research Service. It can be used by manufacturers to decrease fat and calories and increase insoluble fiber in a variety of products, including cheeses, baked goods, meat products, dressings, confectionary products and a wide range of other prepared foods. By using Z-Trim, these products maintain desirable tastes and mouth-feel properties similar to those of full-fat foods.
FiberGel Technologies, Inc. is providing potential domestic and international marketing partners with product samples of Z-Trim and research consultation along with limited exclusivity within their market specific segments.
About FiberGel Technologies
FiberGel owns the worldwide rights to Z-Trim for all fields of use. Developed by 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 or texture.
For more information about Fiber Gel Technologies, visit http://ztrim.com/ /.
About Circle Group Holdings, Inc.
Circle Group Holdings, Inc. (OTC Bulletin Board: CRGQ; www.crgq.com/), 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.
This press release and prior releases are available on the Company's web site at www.crgq.com/HTML/breakingNews.html .
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.