HOUSTON , TX , October 1, 2004 - TKO Holdings Limited ("TKO") today announced that it has acquired all of the outstanding shares of Linex International Corporation, a privately held fitness equipment provider. This acquisition will enable TKO to capitalize on the synergies between the fitness and boxing markets, capturing a broader client base with an expanded product line in a multi-billion dollar industry.

Massachusetts-based Linex will move operations to TKO's expanded facilities in Houston, where its cardiovascular and strength training equipment will be distributed under the names "TKO" and "Linex by TKO", leveraging brand awareness.  The product line, which includes exercise bikes, elliptical trainers, weights and weight benches, complements TKO's existing offering, appealing to both fitness and boxing clientele.

"The integration of Linex, a supplier to TKO, is part of our measured growth strategy to expand into the multi-billion dollar fitness industry," said Garry Kurtz, President and CEO. "TKO has acquired a business with projected 2004 sales of US$5 million. In addition to the inherent revenue growth, TKO is now positioned to attract a broadened retail and consumer base, increasing our competitive advantage by offering distinctive fitness equipment in addition to our existing line of boxing accessories."

The purchase agreement involves an exchange of all outstanding shares of Linex International Corporation for 4,250,000 common shares of TKO, valued at US$850,000. In addition, Steve Yang, CEO of Linex, has been appointed as TKO's Chief Operating Officer, responsible for Operations, Engineering and Product Development.

"We're pleased that Steve Yang will join the Company. His experience will be a tremendous asset to TKO," added Kurtz. "Going forward, our strengthened team will continue to consider prudent acquisition opportunities that meet our overall business objectives and are accretive to investors."

Founded in 1996, TKO is a growth-oriented manufacturer in the fitness and boxing markets of the sporting goods industry. With 500 retail and commercial clients - and growing - the Company provides products-of-choice for elite boxing events including the National Golden Gloves competition, IKF kickboxing tournaments and the International Female Boxing Association. Through its e-commerce capability, TKO also offers a complete line of boxing, fitness and lifestyle equipment direct-to-consumer at www.tko.com . TKO Holdings Limited is quoted for trading on the Pink Sheets under the symbol TKHL.

For further information, please contact:

Garry Kurtz
President & Chief Executive Officer
Tel: 713-895-9270
Fax: 713-895-9078
gwkurtz@tko.com

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.