UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                       ----------------------------------


                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): February 22, 2007

                                   ----------


                              Z TRIM HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

             Illinois                     000-27841              22-3768777
(State or other jurisdiction of   (Commission file number)    (I.R.S. employer
  incorporation or organization)                             identification no.)

            1011 Campus Drive
           Mundelein, IL 60060                          60060
 (Address of principal executive offices)             (Zip code)

       Registrant's telephone number, including area code: (847) 549-6002


                           Circle Group Holdings, Inc.
          (Former name or former address, if changed since last report)


- --------------------------------------------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))






Item 8.01     Other Events.

On February 22, 2007, we issued the press release attached hereto as Exhibit 99.


Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

No.           Description

99            Press Release dated February 22, 2007



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

Date:    February 22, 2007


                                   Z TRIM HOLDINGS, INC.


                                   By:  /s/ Greg Halpern
                                   ------------------------
                                   Name: Greg Halpern
                                   Title:  CEO







                                INDEX TO EXHIBITS

No.      Description
- -------- --------------------------------------------------------------
99       Press Release dated February 22, 2007