Exhibit 99.1
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July 5, 2001
Sea Shell Galleries Changes Name and Trading Symbol to Improve Brand Awareness
and Visibility
HAUPPAUGE, NY - Sea Shell Galleries, Inc. (OTCBB: SSGL) is pleased to announce
today it has changed its name to Cyfit Wellness Solutions, Inc. An OTCBB trading
symbol change to CYFT accompanies this change.
"We're pleased to accommodate our growing base of shareholders with this
new name and trading symbol," stated Eugene Fernandez, Jr., President and CEO.
"The change coordinates our corporate name with our trade name and will improve
overall public awareness."
Cyfit Wellness Solutions, Inc. is developing an interactive, subscription-based
product (http://www.cyfit.com) focused on enhancing and improving its members'
wellness. Cyfit seeks to provide its members with "real-time" one-on-one
nutrition and fitness counseling, individualized in-depth assessments,
performance and health portfolio tracking, on-demand streaming video, and links
to health and fitness content. Cyfit's approach incorporates complementary
services in the health and wellness community that allow for a variety of
partnerships.
"We are very excited to have the opportunity to change the listing to better
reflect our brand name," stated Edward Gulmi, Vice President. "It will provide
customers, partners and investors the ability to easily track Cyfit as it gains
increased visibility in the business-to-business and business-to-consumer
markets."
Cyfit's management team outlined a set of milestones by which investors can
track the Company's progress:
o Launch of first phase of interactive program by July 31, 2001
o Completion of the selection of an investor relations firm to continue
to build a strong, long-term shareholder base and achieve exposure for
the Company's stock
o Continued review and consideration of both existing and new merger and
acquisition candidates
According to Mr. Fernandez, the new name will be coupled with an aggressive
marketing campaign, which will demonstrate how Cyfit's product will enable
businesses, unions and groups, especially those which are self-insured, to
improve their bottom line primarily through reductions in health-care related
claims and administration costs.
Forward-Looking Statements
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This press release contains forward-looking information within the meaning of
the safe harbor provisions under the Private Securities Litigation Reform Act of
Exhibit 99.1
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1995. These statements are based on current expectations and prospects and there
is no guarantee that these results will actually occur or will occur in the
manner currently anticipated.
Inquiries:
Edward Gulmi
Vice President
Cyfit Wellness Solutions, Inc.
225 Oser Avenue
Hauppauge, NY 11788
631-851-7000
631-851-7094 FAX
Egulmi@cyfit.com
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