SOURCE: Feelgoods International Ltd.

May 10, 2006 08:00 ET

Feelgoods International Ltd. Retains Independent Auditor to Achieve Uplisting to OTCBB

ZURICH-KLOTEN, SWITZERLAND -- (MARKET WIRE) -- May 10, 2006 -- Feelgoods International Ltd. (OTC: FGNL) is pleased to announce that they have retained Moore and Associates as their independent auditor in an effort to audit the Company's financial statements and uplist to the OTCBB or a higher exchange such as the NASDAQ or the AMEX. Moore and Associates are registered with the Public Company Accounting Oversight Board (PCAOB).

Moore and Associates, a Nevada S-corporation, was organized and licensed to provide public accounting services in Nevada. The firm is a full service public accounting firm providing bookkeeping, accounting, audit, and tax services for its individual and business clients. Moore became registered with the PCAOB on October 5, 2004, making it one of less than 2,000 CPA firms so registered.

"We are excited to start this relationship with Moore and Associates as they begin the task of preparing our audited financial statements. Moore and Associates' professionalism and experience will help Feelgoods International Ltd. accomplish its goals of uplisting to a higher exchange," stated Marcel Maurer, CEO of Feelgoods International Ltd.

About Feelgoods International Ltd.

Based in Zurich-Kloten, Switzerland, Feelgoods International Ltd. 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.

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Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

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    Feelgoods International Ltd.
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