Circle
Group Holdings Enters Into A Strategic Consulting Relationship with
Leading Greek Businessman
Stavros Papageorgiou Makes
Investment in Conjunction with Distribution and Marketing Agreement
MUNDELEIN,
IILLINOIS. Circle Group Holdings, Inc. (Amex: CXN),
has entered into a strategic consulting agreement and closed a private
placement of common stock with Greek business tycoon Stavros Papageorgiou,
the major shareholder and Founder of Sanyo Hellas Holding S.A., a leading
Greek conglomerate. Under the agreement, Mr. Papageorgiou will assist
Circle Group in marketing and distributing its products in Greece, forming
relationships with leading distribution partners and making introductions
to leaders in the Greek and international business communities. In
connection with the agreement, Mr. Papageorgiou has made a $1.5 million
investment in the Company.
“Mr.
Papageorgiou has been highly successful during the past 35 years in
building one of the leading companies in Greece,” said Greg Halpern,
Circle Group Holdings’ CEO. “We are very pleased with his involvement
in Circle Group and believe that his outstanding track record of success
and strong relationships in the European markets will enhance the
distribution of our products.”
“I am gratified with the signing of an agreement with Circle Group Holdings,” said Mr. Papageorgiou. “Economically and philosophically, Circle Groups products should be very well received in Greece as well as other European markets that we plan to penetrate.”
Stavros Papageorgiou and Greg Halpern at Circle Group Holdings headquarters
About Mr.
Stavros Papageorgiou
Mr.
Papageorgiou is the Founder and major shareholder of Sanyo Hellas Holding
S.A. (ASE: SANYO), which is an
exclusive representative of Sanyo, Japan, headquartered in Athens, Greece.
Sanyo HH is a large Diversified Holding Company consisting of 27
subsidiaries and affiliates, engaged in a wide range of industries
including: consumer electronics and appliances, information technology,
telecommunications, real estate, construction materials, hospitality,
health care, financial services & investments, insurances,
communications, advertising, corporate training, furniture and
supermarkets.
About
Circle Group Holdings, Inc.
Circle Group Holdings http://crgq.com/ is a pioneer of emerging technologies. Focusing on two increasingly vital business sectors - health and security, 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. Current Circle Group products have the potential to improve the food industry by conquering obesity and provide solutions to some of the challenges facing the country's Homeland Security Department. The company has exclusive rights to market major technological breakthroughs invented by noted scientists at the U.S. Department of Agriculture and the Department of Energy's Brookhaven National Laboratory - Z-Trim, Mini-Raman Lidar, ThraxVac and Z-Bind (a byproduct of Z-Trim developed at FiberGel by Dr. Shukla). All Company press releases are available at http://crgq.com/HTML/breakingNews.html .
Forward-Looking
Statements
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.
Contact: Steve Cohen
Voice: 847-549-6002
Email: ir@crgq.com
