SOURCE: Chelsea Management Group Inc.

February 20, 2008 11:39 ET

Chelsea Management Group Inc. Appoints New Transfer Agency

DENVER, CO--(Marketwire - February 20, 2008) - Chelsea Management Group Inc. (PINKSHEETS: CLMP) (GR: CS4) announced today that the company has appointed Global Sentry Equity Transfer Agency Inc. as Chelsea Management Inc.'s new transfer agent of record.

Please contact Mr. Terry Agrivos for any transfer related services at:

     92 Lakeshore Road East Suite 220   Mississauga  ON  L5G 4S2
            Telephone: 905-891-1515   Fax: 905-891-1565

About Chelsea Management Group Inc.

Chelsea Management Group is a start-up and early-stage venture capital firm focused on the health and life sciences industry. Formed in 2001, Chelsea searches for the winners of tomorrow -- entrepreneurs whose ideas and talents qualify them to pursue large market opportunities successfully. We seek opportunities across a broad spectrum, including biotechnology and pharmaceuticals, medical devices, services and healthcare/life sciences information technology. On a selective basis, we also consider later-stage health and life sciences investments where we can uniquely apply Chelsea's industry and capital markets experience.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

    Chelsea Management Group Inc.

    Gary Kelley
    (303) 657-2764