EXHIBIT 99.1

PRESS RELEASE                                Source: Circle Group Holdings, Inc.

CIRCLE GROUP HOLDINGS ENTERS INTO A STRATEGIC CONSULTING RELATIONSHIP WITH
LEADING GREEK BUSINESSMAN Friday January 7, 9:05 am ET

STAVROS PAPAGEORGIOU MAKES INVESTMENT IN CONJUNCTION WITH DISTRIBUTION AND
MARKETING AGREEMENT

MUNDELEIN, Ill., Jan. 7 /PRNewswire-FirstCall/ -- Circle Group Holdings, Inc.
(Amex: CXN - NEWS), announced today that it has entered into a strategic
consulting agreement and closed a private placement of common stock with Greek
businessman 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."


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 change the food industry 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

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Source: Circle Group Holdings, Inc.