NMC Nimbus Grp.

Nimbus Group, Inc. Announces Name Change To Taylor Madison The American Stock Exchange Symbol For The Company Will Remain As (AMEX: NMC) AVENTURA, Fla., Feb. 20 /PRNewswire-FirstCall/ -- Nimbus Group, Inc., today announced a name change for the corporation to Taylor Madison Corp. The trading symbol for the company, which is publicly traded on the American Stock Exchange, will remain as is, presently trading under NMC. This change will be effective as of this date and, going forward, the Company will be doing business as Taylor Madison. "The name change reflects the company's new focus on the cosmetics, fragrance development and licensing opportunities," said Lucien Lallouz, chief executive officer of the newly named company. "The Taylor Madison name will distinguish the company from its previous business and name," Mr. Lallouz added. The Company will also dispose of the Nimbusjets.com website, trademarks and trade names associated with its wholly owned subsidiary Nimbus Jets, Inc. Mr. Jack A. Smith, whom the company retained as its consultant earlier, is in the process of evaluating the possible sale of these assets to maximize shareholder value. About Taylor Madison. Taylor Madison specializes in licensing and developing fine fragrances and skincare cosmetics worldwide. We currently license and market brands such as Phantom(R) fragrances and the Cara Mia(TM) total skin care system. 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: DATASOURCE: Nimbus Group Inc. CONTACT: Investor Relations, Nimbus Group, +1-305-692-3732, or Web site: http://www.nimbusjets.com/

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