Dutton Associates Announces Investment Opinion: George Foreman Enterprises Strong Speculative Buy Rating in Update Coverage by Dutton Associates.

EL DORADO HILLS, Calif. -- Dutton Associates updates its coverage of George Foreman Enterprises (OTCBB:GFME) maintaining a Strong Speculative Buy rating and a 12-month $5.50 price target. The 6-page report by Dutton senior analyst Gerald LaKarnafeaux, CFA, is available at www.jmdutton.com, and at First Call, Bloomberg, Reuters, Zacks, Knobias, and other leading financial portals.

We believe there is a potential of appreciation of 60% from the current market price within a 12-month time frame, based on the track record of Foreman and Holtzman. Our rating is a Strong Speculative Buy, with a 12-month target price of $5.50 per share, a slight a reduction from our previous target of $6.00. On November 28, 2005, the Company entered into a preliminary letter of agreement with Circle Group Holdings (Circle), a company that owns the exclusive rights to the product Z-Trim(TM). The final agreement with Circle was extended several times and the definitive agreement was to have become effective on April 28, 2006. In a surprising turn of events (in Foreman's opinion), the document executed by Circle differed materially from the November 28 preliminary agreement. The differences were described by Foreman's attorney in a letter dated May 3, 2006. The attorney's letter states that litigation is inevitable if Circle maintains its position. The Z-Trim transaction is now problematic. However, based on our observation of the Company's deal flow, we believe that if the Z-Trim agreement falls by the wayside, as now seems very likely, another candidate should be forthcoming.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 29 senior analysts, primarily CFAs, have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 130 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in the Dutton Associates one-year continuing research program is US $35,000 prepaid from the Company for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $33,000 from Borse Inside Verlag AG for 4 Research Reports with coverage commencing on 12/13/2005. Dutton Associates does not accept payment of any of its fees in company stock. Its principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures, and analyst background at www.jmdutton.com before investing.