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FOR DISTRIBUTION – August 4, 2003

CHARLES FLORA CONSUMER PRODUCTS, LLC HIRES HBC INDUSTRY VETERAN AS EXECUTIVE VICE PRESIDENT OF SALES AND MARKETING.

Rich Goldschmidt joins personal care consumer products manufacturing company.

Los Angeles - August 4, 2003. Charles Flora Consumer Products, LLC a manufacture of health and beauty products, including “Color Smash™” an award winning teen focused hair color product today announced its hiring of Rich Goldschmidt a 20 veteran of personal care consumer products sales and marketing as the company’s new executive vice president in charge of sales and marketing operations reporting directly to Bruce M Friedman, President and CEO. Mr.Goldschmidt joins industry veteran Gerald Bundy, Executive Vice President of Operations as an addition to the growing senior management team being assembled at Charles Flora.

Mr. Goldschmidt, for the last year has served as a consultant to Charles Flora. Mr. Goldschmidt is directly responsible for much of the early success enjoyed by Charles Flora with “Color Smash™”. He will focus on positioning Charles Flora’s expanding line of personal care products, including licensed and orphan brands into the mass retail market. Mr. Goldschmidt will work with the company’s established national broker network.

“Charles Flora has a solid business foundation and model to generate revenues, and growth. The company is dedicated to building a line of health and beauty consumer products by combining the cross leveraging of licenses into the HBC category and the acquisition of orphan brands,” said Rich Goldschmidt. “I would have never left serving as an industry consultant for a ‘new company’ if I was not 100% convinced that Charles Flora will be a leader in its industry.”

Previous to consulting, Mr. Goldschmidt had over 20 years of experience in the health and beauty industry holding various management positions at Johnson & Johnson, Unilever, Revlon (where he served as team leader for Wal-Mart) and Tsumura (where he was responsible for negotiating licensing). Mr. Goldschmidt holds a BA in English.

“It is a great honor and testament to Charles Flora’s accomplishments to attract a person of Rich’s caliber, success record and heritage from some of America’s premier companies as our new executive vice president,” said Bruce M Friedman, President and CEO of Charles Flora, “We are extremely pleased to have him on board.”

About Charles Flora Consumer Products, LLC.
Charles Flora Consumer Products, LLC. Is a manufacturer and distributor of personal care products. The company has as its core strategy targeted products to specific segments of the consumer marketplace. The company is actively seeking opportunities for JV/Licensing of brand names in the areas of entertainment, fashion, pet and food to create lines of products in the health and beauty market segment. The company is also seeking to acquire orphan brands that may no longer be of prime focus to their larger parent companies. Through strategic relationships established by its senior management team, the company’s capabilities include, formulation, design, graphics, production, sales and distribution. The company is the winner of Teen People Magazine’s Hot Pick 2003 in Hair care for Color Smash™. Color Smash™ is a protected Trademark of Charles Flora Consumer Products, LLC. More information can be obtained on the company’s website at www.charlesflora.com.

© 2004 Charles Flora Consumer Products, LLC. All rights reserved.