Company Displays Impressive Array of Foods Incorporating Z Trim Currently Available in Grocery Stores

New Director Elected, Shareholders Authorize 30 for 1 Reverse Split of Common Stock - Management Reports Progress on Growth Plan

MUNDELEIN, Ill., Jan. 6 /PRNewswire-FirstCall/ -- Z Trim Holdings, Inc. (OTC Bulletin Board: ZTMH) reported today the results of its December 30, 2008 annual shareholder meeting. With approximately 50 shareholders in attendance, the meeting featured frank discussion by President and Director Steve Cohen on the aggressive direction the Z Trim management team and board of directors are pursuing to advance Z Trim as one of the most important food innovations in recent history. Cohen discussed the Company's progress over the previous year and immediate planning priorities. He then addressed questions and comments from shareholders in attendance.

Demonstrating the unique attributes and versatility of Z Trim, the meeting featured a delicious presentation of prepared foods showcasing the multifunctionality of the ingredient, including meats, dips, soups, calzones, biscuits with honey butter and various desserts including cheesecake and cookies. All dishes were accompanied by displays featuring nutritional profiles and attributes printed on menus and tent cards. The calories from fat in common foods were reduced anywhere from 30% to 80% without compromising taste, while moisture control, volume extension, and fiber supplementation were listed among the many other attributes Z Trim brings to formulations across the spectrum of food categories presented. Also on display were items made by customers of the Company and currently available on the market, including a variety of salad dressings from Heinz, Ken's Foods, and Supreme Oil, respectively, egg frittatas by Hans Kissle, frozen entrees by Chef Papillote and a variety of dressings and sauces made by Walden Farms.

Shareholders listened intently to the presentations by board member Triveni Shukla, PhD, and Chief Financial Officer Brian Chaiken. At the conclusion of the meeting, the Directors, Management and staff of Z Trim made themselves available to carry on individual discussions with shareholders over the buffet sampling of foods made with Z Trim.

Five nominees were elected to the board to serve until such time as respective successors are duly elected. One of the five directors is new to the board. Elected to the board are: Triveni Shukla, PhD.; Mark Hershhorn, Steve Cohen, Brian Israel and Sheldon Drobny (see bios, below).

    Specific vote outcomes for the five directors were as follows:

    Name of Nominee                     Votes For (on a cumulative basis)
    Steven J. Cohen                               56,479,682
    Triveni Shukla                                56,472,822
    Brian S. Israel                               56,022,290
    Mark Hershhorn                                56,035,024
    Sheldon Drobny                                56,005,648

The shareholders considered also whether to amend the corporate By-Laws to eliminate cumulative voting provisions. There were 19,595,993 votes cast in favor, 2,293,805 votes cast against, 462,126 abstentions and 36,126,178 broker non-votes, which vote was not sufficient for approval and the measure did not pass.

In addition, the shareholders voted on whether to authorize the board of directors to effect a 30:1 reverse split of the Company's common stock on or before June 30, 2009. There were 53,029,478 votes cast in favor, 4,668,004 votes cast against and 780,619 abstentions, which vote was sufficient for approval and the measure passed with 68% voting 'for' and 6% voting 'against.'

'We are very excited about the changes and growth the future holds for Z Trim. The shareholders have demonstrated their vision by voting for a lean board and supporting an initiative that will allow the Company to effect a meaningful and value-driven capital structure that we expect will enhance the Company's growth,' said Steve Cohen, President and Director of Z Trim Holdings, Inc. '2009 will be an exciting year for Z Trim and its shareholders, and we look forward to working hard to build upon our successes and delivering value to our shareholders.'

BIOS OF THE MEMBERS OF THE BOARD OF DIRECTORS

STEVE J. COHEN, the Company's President has been employed by Z Trim since 2002 when he was hired as its director of investor relations. He was promoted to Vice President of Corporate Development in 2003 and to President in March of 2006 when he also began serving on the Board of Directors. In August of 2007 Mr. Cohen assumed the role of chief executive officer. Prior to joining Z Trim, Mr. Cohen had 25 years' experience at the Chicago Mercantile Exchange where he worked in various brokerage house positions as well as a trader. Mr. Cohen attended college at the University of Illinois and Oakton Community College. Mr. Cohen was a member of the U.S. Olympic team at the 1988 Olympics in Seoul and was a coach for the U.S. Olympic Team at the 2000 Olympics in Sydney Australia.

TRIVENI P. SHUKLA, Ph.D.