Fuse Science Oversubscribes First Round of Seed Capital

AVENTURA, Fla., July 11, 2011 /PRNewswire/ -- Double Eagle Holdings, Ltd. (OTCQB: DEGH), the parent company of Fuse Science, Inc. (www.fusescience.com), announced today that it has successfully completed its first round of seed funding. Fuse Science, Inc. is the developer of new, patent-pending technologies poised to redefine how consumers receive energy, medicines, vitamins and minerals.

Brian Tuffin, Fuse Science president and chief operating officer, reported this morning that Double Eagle's initial funding round was oversubscribed, positioning the company favorably to fully execute its immediate-term strategy. A larger, second round of capital-raising is planned to fund the company's next phase of sales growth and business development.

"We are pleased to close this seed capital round in part with two significant New York-based funds. Both have also provided further indications of interest for future funding needs, setting the foundation for our ongoing capitalization," said Tuffin. "Our rapid completion of this funding round is further indication of the remarkable potential for Fuse Science's revolutionary technology. We have had no shortage of interest in the company, which is good for our ongoing capitalization efforts and ensures our ability to accelerate through each phase of our commercialization plan."

Fuse Science anticipates that it will begin its e-commerce direct-to-consumer sales efforts in the fourth quarter of 2011 and the first phase of broad retail distribution in the first quarter of 2012.

"This initial round completion is another key step on our way to building considerable value for shareholders and creating a market-leading company with global brand awareness," added Tuffin.

About Double Eagle Holdings

Double Eagle Holdings (Pink Sheets: DEGH.pk - News) is an innovative consumer products holding company and the parent company of Fuse Science, Inc. Based in Aventura, Florida, Fuse Science is the developer of patent-pending conveyance technologies poised to redefine how consumers receive energy, medicines, vitamins and minerals, delivering their benefits faster and more effectively than ever before. Information about Fuse Science is available online at www.fusescience.com or by calling 305-503-FUSE (3873).

Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the company's SEC filings. The company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

SOURCE Double Eagle Holdings, Ltd.