SOURCE: Feelgoods International, Inc.

August 24, 2006 08:30 ET

Feelgoods International, Inc. Announces Letter of Intent to Acquire Ladies Health and Fitness USA

ZURICH-KLOTEN, SWITZERLAND -- (MARKET WIRE) -- August 24, 2006 -- Feelgoods International, Inc. (PINKSHEETS: FGNL) announced today that they have signed a Letter of Intent to acquire Ladies Health and Fitness USA (http://www.ladieshealthandfitnessusa.com/) of Greenville, South Carolina. Ladies Health and Fitness USA cater their 30-minute fitness programs exclusively to women. They offer a complete range of circuit training equipment, including treadmills, recumbent bicycles, aerobic boards, elliptical trainers, and a full range of resistance machines.

"The relationship with Feelgoods International, Inc. will enable Ladies Health and Fitness USA to better implement our franchise strategy throughout the country," stated Jeff Sarvis, President of Ladies Health and Fitness USA.

"We are very excited to sign this Letter of Intent to acquire a wonderful company like Ladies Health and Fitness USA and to potentially gain access to the US fitness and health market. This coincides with our existing strategy to market our organic facial cosmetic line in the United States," stated Marcel Maurer, CEO of Feelgoods International, Inc.

Feelgoods International, Inc. recently announced that the Company has signed a Letter of Intent with Farfalla Essentials, Ltd. to secure the exclusive worldwide distribution rights to a new skincare product line produced specifically for Feelgoods International by Farfalla.

About Ladies Health and Fitness USA: Based in Greenville, South Carolina, Ladies Health and Fitness USA offers franchise opportunities for territory representatives. Ladies Health and Fitness USA helps franchisees find and support potential franchises. The Company's marketing DMA structure is designed to provide a solid foundation for growth.

About Feelgoods International, Inc.: Based in Zurich-Kloten, Switzerland, Feelgoods International, Inc. (www.feelgoodsint.com) offers a unique franchise business opportunity for thousands of European Pharmacies. The franchise system is designed to significantly increase the pharmacy's revenue by maximizing the revenue potential of a Pharmacy's existing customer traffic. The Feelgoods model is easily incorporated into a Pharmacy's existing floor space, producing a self-contained business or "shop within a shop." Feelgoods' focus is on products that complement the pharmacy's conventional inventory by introducing products such as alternative medications, nutriceuticals, lifestyle products and bio cosmetics.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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