Maui General Store CEO to Retire 50,000,000 Shares of Common Stock to Treasury

New York, New York, UNITED STATES


HANA, Hawaii, Dec. 20, 2005 (PRIMEZONE) -- Maui General Store, Inc. (OTCBB:MAUG) announced today that CEO Richard Miller will retire 50,000,000 shares of Maui General Store Common Stock to Treasury Stock as part of its ongoing restructuring and its previously announced Definitive Agreement with Palmera Holdings, Inc. dba Trinity BioGenics. "We are moving purposefully towards a fair and equitable structure for all the shareholders of Maui General Store," stated Mr. Miller, "and the share retirement will work towards balancing ownership within current shareholders while effectively reducing the dilution of the outstanding shares."

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

The Maui General Store logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1128



        

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