Exhibit 99

Z Trim Holdings Inc. Releases Letter to Shareholders From CEO

Thursday June 22, 9:30 am ET

MUNDELEIN,  Ill., June 22 /PRNewswire-FirstCall/ -- Z Trim Holdings, Inc. (Amex:
ZTM - News; Former name Circle Group Holdings, Inc.) (Amex: CXN - News):

June 22, 2006

Dear Valued Shareholder,

Today marks the dawn of a new era for our company.  We are now Z Trim  Holdings,
Inc. and our AMEX trading  symbol has been changed to ZTM.  Going  forward,  our
focus will be solely on Z Trim and Z Trim related products. There have been many
exciting  developments  over the past few months  leading up to the company name
change.

South America  looks to be very  promising for us. Based on success we have been
having in  Columbia,  Chile,  Brazil and  elsewhere  in the  region,  Z Trim was
recently  selected as one of the top five new ingredients at the Food Ingredient
South  America  (FISA) show in Sao Paulo,  Brazil.  Dr.  Triveni  Shukla,  VP of
Technology for Z Trim Holdings,  and Rick Harris, VP of Sales, will represent us
at FISA, one of the largest food shows in the world.

Now, Z Trim is also being used in several other  countries for a variety of food
applications by manufacturers,  processors, and food service companies in Japan,
the UK,  Australia and the Philippines,  as well as the United States.  Interest
everywhere  is on the rise,  and our  manufacturing  facility  has gone to three
shifts, five days a week.

Our R&D team of Dr. Shukla,  and Eric and Dari Carre of Amazing Food  Creations,
have been working closely with our existing and potential customers to develop a
variety of new and  creative Z Trim  applications,  enabling  us to advance  our
markets with a multi-faceted approach.

In the coming  months,  we will  endeavor to meet  increasing  market  demand by
aggressively building and growing customer relationships and marketing alliances
throughout the food industry. As we look forward to the successes ahead, we wish
to express  our  sincere  appreciation  to you for sharing in our vision and for
supporting it throughout.


    Best regards,


    /s/ Gregory J. Halpern
    -----------------------
    Gregory J. Halpern
    Chairman & Chief Executive Officer


About Z-Trim(R)

Z-Trim, http://ztrim.com/ is a natural zero calorie fat-substitute made from the
hulls of corn,  oats,  soy,  rice, and barley that lowers 25% to 50% of calories
from fats in most foods without  negatively  affecting taste or texture.  Z-Trim
generally  can't be detected by consumers  when  formulated  correctly in dairy,
dressings,  dips, sauces,  baked goods,  processed meats, snack foods,  cookies,
pies,  cakes,  icings,  brownies,  bars,  ice cream,  milk shakes and many other
foods.  It improves  texture  significantly;  makes meats  juicier,  baked goods
moister,  dips  creamier.  Z-Trim  lets  you to eat more of the  foods  you love
without fear of weight gain and allows you to lose weight  without giving up the
foods you love.  Z-Trim adopts the flavor and mouth feel of most recipes and has
been proven in studies  that a majority of  consumers  prefer  Z-Trim foods over
their full-fat  counterparts.  Z-Trim can substantially reduce harmful Trans and
saturated fats and adds healthy insoluble and soluble dietary fiber which can be
beneficial to heart patients and diabetics. Z-Trim can improve digestion without
any  negative  side effects  sometimes  associated  with other fat  substitutes.
Z-Trim has been  featured  on Fox News "Your World w/ Neil  Cavuto";  USA Today,
Chicago Tribune, as well as local affiliates of NBC, FOX and CBS.

Forward-Looking Statements and Risk Factors

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