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Crivello Group, LLC announces financing of Palmetto State Wholesale, Inc.

By Anonymous

Pompano Beach, FL July 14, 2004 -- Frank Crivello, Managing Member, Crivello Group, LLC (“CG”) announced that its principals provided a working capital facility and fixed asset funding to Palmetto State Wholesale, Inc. (“Palmetto”). Palmetto is an innovative leader in the wholesale distribution of floral products to retailers. Given its state of the art transportation equipment, procurement and ordering systems, and distribution, Palmetto is able to deliver better quality products to its customers at a lower cost.

CG Managing Member Frank P. Crivello stated: “We were pleased to provide Palmetto with working capital and fixed asset financing. We have great faith in Palmetto’s current management team and its exciting business plan. In addition to this financing, we will provide strategic consulting services to Palmetto.”

About Crivello Group, LLC www.crivello.com:
CG is a strategic advisors and partners to distressed and emerging companies. CG’s solutions for distressed or emerging company that include:
•    Stabilization
•    Capital & Debt Alternatives
•    Staff, Boards, and Professionals
•    Divestiture & Dissolution
•    Plan of Restructuring or Reorganization

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the floral product market and that there will be no unanticipated material adverse change in CG's operations or business.

Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com

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