Exhibit 99


ChampionLyte Holdings, Inc. To Review Strategic Options Presented By Investment
Banking Firm MIAMI, March 8, 2005 -- ChampionLyte Holdings, Inc. (OTC Bulletin
Board: CPLY) today announced that it is currently reviewing several strategic
options presented by its investment banking firm. In late January the Company
engaged Miami-based Knightsbridge Capital to explore various options in an
effort to maximize shareholder value.

"Knightsbridge has presented us with several viable options that include some
very attractive merger opportunities," said David Goldberg, president of
ChampionLyte Holdings, Inc. "Each merger candidate represents a mature business
that would have a positive impact on the valuation of the Company."


Goldberg said that the ChampionLyte Holdings board of directors is currently
reviewing each option and he anticipates a final determination within the next
few weeks.

ChampionLyte Holdings, Inc. recently announced it had obtained $20 million in
committed equity capital in the form of a Standby Equity Distribution Agreement
(SEDA) with an institutional investor. Under the terms of the SEDA, the investor
has committed to provide up to $20 million of funding to the Company over a
24-month period to be drawn down at the Company's discretion by the sale of its
common stock to the investor.

The Company also announced that Eli Greenstein has resigned as a director.
Additionally, the Company said it was moved from its Pompano Beach office and
has taken temporary space until it determines the outcome of its strategic
initiative.


About ChampionLyte Holdings, Inc.


ChampionLyte Holdings, Inc. is a fully reporting public company whose shares are
quoted on the OTC Bulletin Board under the trading symbol CPLY. Its beverage
division, ChampionLyte Beverages, Inc., a Florida corporation, manufactures,
markets and sells ChampionLyte(R), a completely sugar-free entry in the
multi-billion dollar isotonic sports drink market. Its The Old Fashioned Syrup
Company subsidiary manufactures, distributes and markets three flavors of
sugar-free syrups. The products are sold in more than 20,000 retail outlets,
including some of the nation's largest supermarket chains. The Company recently
established a low-carb subsidiary, Be-Lyte(R) Foods.


The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to
events, the occurrence of which involve risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by
various factors. Information concerning potential factors that could affect the
Company is detailed from time to time in the Company's reports filed with the
Securities and Exchange Commission.

     Peter Nasca (pnasca@pnapr.com)
     (305) 937-1711