SOURCE: Chelsea Management Group Inc.

August 24, 2007 13:27 ET

Chelsea Management Group Inc. Implements New Corporate Communication Liaison With Shareholders

DENVER, CO--(Marketwire - August 24, 2007) - Chelsea Management Group Inc. (PINKSHEETS: CLMP) has initiated a new corporate communication policy to relate the latest company and market developments to our shareholders and potential investors. In the next few weeks, Chelsea Management-registered shareholders will be receiving a detailed update package from company president Gary Kelley. The package will include information regarding the company's current and future business plans and goals. Part of the company's new communication policy is the appointing of an investor relations director who will be responsible for the day to day corporate and shareholder related inquiries. We encourage you to call the company direct at 303-657-2764 should you have any questions or concerns. We look forward to speaking with you and we are excited about the future developments of Chelsea Management Group.

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.

Our website is:

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