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Taylor Madison Signs Definitive Agreement to Buy Controlling Interest in French Company Fragex Taylor Madison Corp. Closed on Its Previously Announced Intention to Buy 51% Of Fragex AVENTURA, Fla., March 29 /PRNewswire-FirstCall/ -- Nimbus Group Inc. d/b/a Taylor Madison Corp. today announced the signing of a definitive agreement with Royaume Du Parfums International (RPI) for the acquisition of French developer of cosmetics and fragrances, Fragex SARL. The definitive agreement has been approvedby the boards of directors of both Fragex and Taylor Madison, and follows the letter of intent signed by the two companies on January 27, 2004. Under the terms of the agreement, 51% of existing shares of Fragex stock will be exchanged for up to 1.155 million shares of Nimbus' restricted common stock. In addition, Taylor Madison has secured an option to purchase the remainder 49% from Fragex' principals, at anytime, for a predetermined price of US$1.5 million in cash or 1.5 million shares of common stock of Taylor Madison. The option can be exercised when the stock of Taylor Madison trades for at least $1.50 for 3 days prior to exercising the latter option. ABOUT TAYLOR MADISON. Taylor Madison specializes in licensing and developing fine fragrances and Skincare cosmetics and cosmeceuticals worldwide. We currently license and market brands such as Phantom(R) fragrances and Cara Mia (TM) cosmeceuticals total skin care system. ABOUT FRAGEX Fragex is a French developer of cosmetics and fragrances for major international brands based in Paris. The Company owns proprietary designs and tools and specializes in providing a turnkey product to brand owners worldwide. Safe Harbor Statement This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among other things, statements concerning the Company's outlook for 2003 and beyond, the Company's expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee futureresults, levels of activity, performance or achievements. The forward-looking statements in this press release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For information about risk factors relevant to the Company, please see the Company's filings with the Securities and Exchange Commission. The Company does not intend and disclaims any duty or obligation to update or revise any industry information or forward-looking statements set forth in this report, to reflect new information, future events or otherwise. DATASOURCE: Nimbus Group Inc. d/b/a Taylor Madison Corp. CONTACT: Taylor Madison, +1-305-692-3732, or Web site: http://www.nimbusjets.com/

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