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SAN DIEGO, California September 25, 2003 -- Point Group Holdings, Incorporated (OTCBB:PGHI) announced that it has acquired Veegeez.com, LLC of Santa Clarita, CA, an online video game rental company. Veegeez.com provides its subscribers video game rentals via the Internet similar to how NetFlix.com (NASDAQ: NFLX) provides DVD’s to its customers.



One and a half-year-old Veegeez.com provides the latest video games, as well as the older classics, for Xbox, PlayStation2 and Gamecube to the approximately 18 million owners of these machines on a monthly subscription basis for a flat monthly fee. The subscribers establish an account, build a queue/list of games they want, Veegeez ships the game by US Mail, and the customer enjoys the games as long as they like. When they finish with the game, they simply return it in the provide mailer to the company and the next games in the queue is mailed.



“No more late fees or due dates. ” states Mark Wiseman, co-founder of Veegeez.com, “Our subscribers enjoy the use of games they select knowing that they can exchange them at anytime without fear of missing the 3 or 4 day return date and being charged late or additional rental fees.”



PGHI and Veegeez.com have been working since early 2003 to bring this acquisition to this point. CEO/President John Fleming states, “We, PGHI are looking forward to the opportunity to bring Veegeez.com to its fullest potential. With Lance and Mark Wiseman, co-founders of Veegeez.com at the helm and the support management of PGHI’s consultants assisting the subsidiary, the new Team looks forward to the coming years.”



PGHI is planning on building the inventory of Veegeez.com to reach the many possible subscribers throughout the United States. As part of the business plan, PGHI is planning on raising two to three million dollars over the next year to fund this new subsidiary.



“When you review companies like NetFlix.com, and apply a similar model to Veegeez.com it is easy to see the potential of our new subsidiary.” Mr. Fleming continued, “We feel there is a great upside for our shareholders with this acquisition.”



Point Group Holdings, Incorporated is a holding company which, through its subsidiaries, provides management services to businesses that have an operating history or can substantiate future performance in their respective industries. The Company participates in companies in various fields of business by providing executive-level managerial assistance as well as arranging for and contributing capital investment.



For more information contact John Fleming, CEO PGHI at 001.619.269.8692 or e-mail [e-mail] or examine the following websites:



Point Group Holdings, Incorporated: http://www.pghi.biz

Veegeez.com, LLC: http://www.veegeez.com