SOURCE: Asgard Holdings Inc.

October 30, 2006 16:19 ET

Asgard Holdings Inc. Welcomes Top Flight Radio and Television Sportscaster Mr. Jeff Deforrest to Advisory Board

Radio Appearance to Address Long Range Plans and Cutting Edge Technology

ESCONDIDO, CA -- (MARKET WIRE) -- October 30, 2006 -- Asgard Holdings Inc. (PINKSHEETS: AGHG) is pleased to announce it has launched an aggressive national media campaign. This campaign includes their most recent radio interview which will be aired TONIGHT on "Your Money is Worth" and Fortune Market Financial Network (www.fmfn.net). This financial show is part of the popular Money Talk Radio, hosted by Mixter. He is a longtime broadcaster with over 25 years in the broadcasting and media industry.

During this airing AGHG CEO, Virgil Williams will discuss in detail the overall long range plans for the company as well as their part in creating cutting edge technology for NASA. Virgil will also discuss the newest member of their advisory, South Florida's premier sportscaster, Jeff "Defo" Deforrest. Mr. Defforest brings 25 plus years of broadcasting, television production and radio show experience to the company. Mr. Deforrest will assist AGHG with media relations.

Mr. Deforrest is a top flight radio and television sportscaster who has worked with HBO-PPV boxing, was a former play by play man of the Miami Hurricanes and Dolphins, and has covered over 100 title fights and worked with the biggest names in sports casting in America. He also covered the Los Angeles Dodgers, Marlins, and many other events including 18 super bowls.

His radio show was recently (10-24-06) ranked number one in its market and time slot in South Florida and is joined on his present station, www.790theticket.com, with former Dolphins great Dan Marino, Former "IMUS" Show co-host Sid Rosenberg and so many other top names in the field of sports casting on THE TICKET. Mr. Deforrest also has a Saturday Trivia show that is in its tenth year and typically tops the charts on Saturday MORNINGS.

"I like to work with companies who produce products which have a definite effect on the environment or saving lives," Mr. Deforrest said. "High rise fires and all these uncertain times and the problems firefighters have getting to the public trapped in high rises lead me to accept this company's offer to participate and assist them in some small way to bring their product to the forefront," Mr. Deforrest added.

For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: http://www.asgard-holdings.com.

About Asgard Holdings, Inc.:

Asgard Holdings retains fifty percent interest in Super Thermal Systems Management Group, Inc (STSM). STS co-founder, Dr. Don Gier, CEO, holds a Ph.D from Iowa State University and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a Ph.D in aerospace engineering. Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP (Super Critical Air Mobility Pack) was born as a self-contained breathing apparatus and cooling system suit with applications designed for Fire Fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.

Asgard Holdings Inc. is more than just an early stage venture capital firm. We provide the infrastructure and guidance. Asgard makes possible the achievement of your company's goals and facilitates your business to find its common ground. Asgard focuses on companies that are beyond incubator startups, giving our portfolio companies a strong resource of business intelligence from which to utilize.

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Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

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