SOURCE: Winsted Holdings

October 31, 2005 08:45 ET

GaeaCare Founder Donates Entire Sale Proceeds to Public School

NEWPORT BEACH, CA -- (MARKET WIRE) -- October 31, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that Mr. Lee, the founding shareholder of GaeaCare Syndicate Partners Inc., has donated the entire proceeds from the sale of his 90% of GaeaCare Syndicate Partners, Inc. to a public elementary school in San Francisco. The dollars were used to purchase a number of enrichment items for classrooms ranging from Lakeshore Learning materials (science kits) to Childrcraft Learning materials (listening center and block sets). Essential items for the school included a steam rug cleaner, computer, copy machine and supplies for the Inclusion children (special education).

"Gaea is the goddess of earth and Mother Earth herself. She is the first goddess to be in Greek mythology," stated Winsted CEO Mark Ellis. "Taking care of Mother Earth and her children is part of what GaeaCare is all about. So when I heard that Mr. Lee donated the entire proceeds to a public school in San Francisco, I just had to learn more as to why he was so dedicated to our public school system. As it turned out, not only did he donate the entire proceeds, he donated twice that amount due to the greatness of the need. In addition to the enrichment items, he is also paying for a new sorely needed sound system for the school's auditorium."

Mr. Lee stated, "Unfortunately, as public education budgets continue to decrease, not only in San Francisco, many programs have been cut back or eliminated. Even worse, many of our classrooms have to make due without extra support and updating school hardware systems are a luxury item that most cannot afford. If children are our future, we have to take care of our future today. Volunteering and/or donating money to our schools is one of the most important responsibilities we have as adults. Even if only one child benefited from our contribution but had a profound positive effect on his or her direction in life, it would have all been worth it."

"A noted philanthropist and a father of 2 young children attending the recipient school, Mr. Lee has a long rich history as community supporter and dedicated parent. He has served as board member on the Board of Managers of the San Francisco Chinatown YMCA and on the Board of Directors of the San Francisco Chinatown Lions Club where he co-chaired the Miss Teen Chinatown Charity Gala (http://www.sanfranciscochinatown.com/events/missteenchinatown.html). Even though Mr. Lee owns and manages 2 companies, he still takes time from his busy schedule to chaperone every one of his children's field trips. We are honored to have done business with him and strongly encourage more people to follow his example by helping their local schools," Ellis concluded.

About GaeaCare Syndicate Partners, Inc.

GaeaCare Syndicate Partners, Inc., 90% owned by Winsted Holdings Inc. (OTC BB: WHLI), is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc. (OTC BB: SSWM), a U.S. Microbics company (OTC BB: BUGS), is a 10% equity holder. For more information on GaeaCare, visit http://www.ags-gaeacare.com/.

About Winsted Holdings, Inc.

Winsted Holdings Inc. (OTC BB: WHLI) is a Business Development Company (BDC) located in Newport Beach, California. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term medspa expansion.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of medspa and telecommunications regulations in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

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