Monday, February 4, 2008

Celsius Teams Up With Cleveland Cavaliers, Lake Erie Monsters and Walgreens Ohio

Monday February 4, 10:52 am ET

Eight Month Promotion Kicks Off in 88 Walgreens Locations

DELRAY BEACH, FL--(MARKET WIRE)--Feb 4, 2008 -- Celsius Holdings, Inc. (OTC BB: CSUH.OB) announced today Celsius, Inc. has teamed up with the NBA Cleveland Cavaliers and AHL Lake Erie Monsters to promote an eight month promotion that will be executed in 88 Ohio Walgreens locations. All 5 flavors of Celsius, the first healthy calorie burning beverage that delivers sustained energy and great taste, backed by trusted science, will be placed in dedicated and customized display racks and in the cold grab-and-go cooler.

Celsius point-of-purchase displays at the Walgreens locations will feature an enter-to-win sweepstakes that will give customers the chance to win Cavaliers and Monsters prize packages that will include game tickets, gift bags, replica team jerseys and in-game recognition. (For more information, visit Cavs.com or LakeErieMonsters.com.)

"Teaming up with Celsius is an exciting multi-faceted partnership that has benefits for everyone including our fans," said Kerry Bubolz, executive vice president, corporate sales, broadcasting and minor league operations for the Cavaliers and Quicken Loans Arena. "Not only are we introducing them to a great new beverage that promotes a healthy lifestyle, we are also giving them the opportunity to win some great prizes!"

About Celsius Holdings, Inc.

Celsius Holdings, Inc. (OTC BB: CSUH.OB) manufactures Celsius through its wholly owned operating subsidiary, Celsius, Inc. Celsius Inc. is quickly gaining attention in the emerging $36 billion functional food and beverage industry, as the creator of the negative calorie beverage category and as a pioneer and leader in developing healthier beverage choices. Celsius, Inc. is building unique distribution strategies to gain broad penetration in all channels serving its consumer targets in all geographies. The continued mission of Celsius, Inc. is to create healthy refreshment through science and innovation and growth through passion and integrity. Celsius is available through multiple channels including grocery, drug, convenience stores, gyms and nutrition stores. Celsius is proudly carried by fine establishments such as Walgreens, Krogers, Vitamin Shoppe, Raleys, Hi-Health, Valero Corner Stores, Diamond Shamrock, Hannaford Supermarkets, Heinens, Sweetbay Supermarkets, Meijer, Discount Drug Mart, King Soopers, Dillions, Fry's, Smiths, Gelsons, Market Baskets, Bristol Farms and Central Markets. For more information about Celsius and Celsius, Inc., please visit http://www.celsius.com. For investor information, please visit http://www.redchip.com.

About Celsius®

Celsius is a dietary supplement that in multiple clinical studies has been shown to burn calories, boost energy and increase metabolism for up to 3 hours. In the most recent study conducted at the University of Oklahoma and released at the International Society of Sports Nutrition, Celsius was shown to burn more than 100 calories. Celsius contains a blend of ingredients including Green Tea with EGCG, Ginger, Calcium, Chromium, B Vitamins, and Vitamin C. Celsius contains none of the bad ingredients typically found in many drinks -- no sugar, no carbs, no preservatives, no high fructose corn syrup, no trans fats, and it has very little sodium. Celsius is available in 5 great-tasting flavors including Orange, Cola, Lemon-Lime, Wild Berry and Ginger Ale.

Forward-Looking Statements

This press release may contain statements, which are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of Celsius Holdings' future results of operations, financial position or state other forward-looking information. In some cases you can identify these statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. You should not rely on forward-looking statements because Celsius Holdings' actual results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations effecting our business, and other risks and uncertainties discussed in our reports Celsius Holdings files from time to time with the Securities and Exchange Commission. Celsius Holdings does not intend to and undertakes no duty to update the information contained in this press release.

For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com

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