NMC Nimbus Grp.

Nimbus Group, Inc. Announces Late Filing of Financial Statements AVENTURA, Fla., Nov. 21 /PRNewswire-FirstCall/ -- Nimbus Group, Inc., , a developer of upscale brand fragrances, cosmetics and skincare products, announced today that it will be unable to timely file its quarterly results for the three-month period ended September 30, 2003, and audited results for the six-month transition period ended June 30, 2003. The preparation and filing of the financial statements were delayed as a result of internal and external timing issues resulting from the recent changes in the Company's auditors. Nimbus Group, Inc. anticipates filing the financial statements and its second quarter financials by the end of November 2003. The Company anticipates that results for the impending filing will not be materially different from the prior period ended March 31, 2003. About Nimbus Group Nimbus is a developer of fragrance and skin care products. The Company continues to develop its wholesale distribution of fragrances and skin care products, both proprietary and licensed. 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 future results, 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. Contact: Investor Relations, DATASOURCE: Nimbus Group, Inc. CONTACT: Investor Relations, +1-305-692-3732, Web site: http://www.nimbusjets.com/

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