SOURCE: Feelgoods International Ltd

October 17, 2005 06:00 ET

Feelgoods International Ltd. Engages Galileo Asset Management SA as Its Investment Banking Consultant

Relationship Provides Greater Access to Capital

ZURICH-KLOTEN, SWITZERLAND -- (MARKET WIRE) -- October 17, 2005 -- Feelgoods International Ltd. (OTC: FGDS), a company that integrates a complete health food/supplement store franchise within existing European Pharmacies, announces the engagement of Galileo Asset Management SA as Investment Advisor and Corporate Development Consultant. The agreement is for a period of three years. Under the tems of the agreement Galileo connects Feelgoods to its robust investment community network.

Accordingly, CEO Marcel Maurer states, "The financial and strategic connections that Galileo provides on an international level are neccessary for our corporate growth. Access to capital through their established relationships is a great combination to insure more rapid implementation of Feelgoods franchises into the vast European Pharmacy industry. We are excited about the Galileo relationship. We are confident that it strengthens our vision to place a Feelgoods in-store franchise in 500 European Pharmacies at top locations in five years."

About Feelgoods International Ltd. -- Based in Zurich-Kloten, Switzerland, Feelgoods deploys a unique franchise system. The system presents new a business opportunity for thousands of European pharmacies. The Feelgoods franchise integrates into existing floorspace at each pharmacy producing a self-contained business or shop within a shop. Feelgoods' focus is on products that complement the pharmacy's existing line. The complementary line includes alternative medications, nutriceuticals, lifestyle products and bio cosmetics. Baby foods and bio foods are also offered for special needs. The franchise concept is anchored by a highly trained, professional staff for on-site, expert education concerning healthy lifestyle choices that are enhanced by using Feelgoods' products. Feelgoods' turn-key solution seamlessly increases pharmacy sales significantly by generating revenue from the rapidly growing health foods and supplement market. www.feelgoodsint.com

About Galileo Asset Management SA: Based in Lausanne, Switzerland, Galileo is a Corporate Finance firm that is a registered member of the Swiss ARIF (Association Romande des Intermédiaires Financiers). Galileo manages assets for high net worth individuals and institutional clients. The firm developes corporations through mergers and acquisitions. Galileo provides access to capital from institutional and private investors worldwide for rapidly growing private companies or small public companies. Galileo has extensive international investment banking and brokerage community contacts. Galileo has established a reputation for sound banking strategies with timely performance. www.galileoam.com

Safe Harbor Statement

All statements other than statements of historical fact included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.

(OTC: FGDS)

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