NMC Nimbus Grp.

Nimbus Group, Inc. Announces Further Delay in Late Filing of Financial Statements AVENTURA, Fla., Nov. 28 /PRNewswire-FirstCall/ -- Nimbus Group, Inc., a developer of upscale brand fragrances, cosmetics and skincare products, announced today that it will further delay its filing of quarterly results for the three month period ended September 30, 2003 and audited results for the six month transition period ended June 30, 2003 and will not file by the end of November 2003, as previously announced in the Company's press release dated November 21, 2003. "We had hoped that the preparation of the financial statements would have been ready to be filed by the end of this month. However, the recent changes in the Company's auditors and external timing issues associated with the transfer of information from the previous auditing firm and the compiling of financials of the Company's wholly owned subsidiary, Take To Auction.com, Inc. have caused the further delay in filing. The company's auditors, De Meo, Young, McGrath, (DYM) informed the Company that they are unable to give a firm filing date at this time." Nimbus' CEO Lucien Lallouz said. The Company's failure to meet its filing deadline of Friday November 21, 2003, has prompted the American Stock Exchange Listing Qualifications Department to halt trading of the Company's stock pending filing compliance by the Company. The Company anticipates that results for the impending filing will not be materially different from the prior period ended March 31, 2003. In other news, The Company, on November 22, 2003 launched its Cara Mia skincare Solutions in Puerto Rico to positive consumer response and better than expected sales results. Cara Mia Skincare Solutions will continue its launch nationally in January 2004. 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: Lucien Lallouz of Nimbus Group, Inc., or DATASOURCE: Nimbus Group, Inc. CONTACT: Lucien Lallouz of Nimbus Group, Inc., Web site: http://www.nimbusjets.com/

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