PRH Vitacube Systems Hld

DENVER, March 5 /PRNewswire-FirstCall/ -- VitaCube Systems Holdings, Inc., d/b/a/ XELR8 Holdings, Inc. (AMEX:PRH), a provider of functional foods, beverages and nutritional supplements, today announced that it has raised gross proceeds of $2 million in a private placement transaction with accredited individual and institutional investors. Completion of the private placement is subject to the Company receiving shareholder approval of the related issuance of stock and warrants. The Company will host its Annual Meeting of Stockholders this week, Wednesday, March 7, in Denver, at which time shareholders will vote on this and other corporate matters, as described in the proxy statement filed with the SEC and mailed to Company shareholders. (Logo: http://www.newscom.com/cgi-bin/prnh/20050926/FLM015LOGO ) The shares of common stock to be sold have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction. About XELR8 Holdings, Inc. VitaCube Systems Holdings, Inc., d/b/a/ XELR8 Holdings, Inc., is a provider of nutritional foods and beverages designed to help enhance physical health and overall performance. XELR8 has developed a comprehensive line of nutritional supplements and functional foods designed in systems that are easy to take, simple to understand, and conveniently fit within a lifestyle. XELR8's commitment to quality, science, and research has earned them a loyal following of over 350 world-class athletes and an elite list of endorsers, such as five-time Cy Young Award Winner Randy Johnson; Super Bowl Champions Mike Alstott, Lawyer Milloy and Head Coach Mike Shanahan; professional football superstar Cadillac Williams; Olympians Briana Scurry and Caroline Lalive; Stanley Cup Winner Blake Sloan; and PGA Tour Professional Tom Pernice, Jr. XELR8 products are only available through independent distributors located throughout the nation. For more information about XELR8, please visit http://www.xelr8.com/. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including prospects for XELR8's distribution network. Actual results may differ from those discussed in such forward-looking statements. These forward-looking statements include risks and uncertainties that include the Company's ability to attract and retain distributors; changes in demand for the Company's products; changes in the level of operating expenses; changes in general economic conditions that impact consumer behavior and spending; product supply; the availability, amount, and cost of capital for the Company; and the Company's use of such capital. More information about factors that potentially could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year ended December 31, 2005 and all subsequent filings. Certain statements in this release regarding the Company's agreements are in accordance with the guidelines established by the Federal Trade Commission for endorsements in advertising. Company Contacts: VitaCube d/b/a XELR8 Holdings, Inc. John Pougnet, CEO/CFO (303) 316-8577 Elite Financial Communications Group, LLC Dodi Handy, President and CEO (407) 585-1080 http://www.newscom.com/cgi-bin/prnh/20050926/FLM015LOGODATASOURCE: VitaCube Systems Holdings, Inc. CONTACT: John Pougnet, CEO-CFO of VitaCube dba XELR8 Holdings, Inc, +1- 303-316-8577, , or Dodi Handy, President and CEO of Elite Financial Communications Group, LLC, +1-407-585-1080, Web site: http://www.xelr8.com/

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