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Public Companies : Telecommunications


Europhone Begins Distribution of International Unlimited Prepaid Calling Cards

Apr 10, 2008 - 11:36:01 AM

News Source MARKET WIRE

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PORT CHESTER, NY -- (MARKET WIRE) -- 04/10/08 -- Euro Group of Companies, Inc.'s(PINKSHEETS: EGCO) subsidiary company, Europhone USA, LLC, has began todistribute its Eugro branded International UNLIMITED Prepaid Calling Cards.

The International UNLIMITED prepaid calling card is a U.S. outbound callingcard to over 40 International countries worldwide. Available are weeklycards at $5.00 and monthly cards at $20.00. The card can be used fromeither a cell phone or any landline phone, and for less than 72 cents a dayyou get unlimited calling to selected destinations with no hidden chargesor fees. In addition to the unlimited prepaid calling card, Europhone alsooffers a variety of International Prepaid calling card programs.

Europhone USA will soon introduce and market another unique andrevolutionary service: the EUGRO WORLD SIM card, which allows any tribandGSM phone to be utilized in over 100 countries at low per minute rates. Italso allows the international traveler to receive free incoming calls andfree incoming SMS.

Europhone USA distributes and markets its products through a network ofnationwide distributors.

About Europhone USA, LLC:

The Europhone USA, LLC is an MVNO (Mobile Virtual Network Operator)involved in the wholesale selling of wireless hand sets, domestic andinternational prepaid cellular services. Europhone also provides domesticand international prepaid calling cards. In addition to the communicationservices, the company is a national agent for Verizon FiOS.

Euro Group of Companies, Inc. today is an operating company focused onthree distinct and separate businesses, communications products,transportations products, and consumer electronics and appliances, thatmanagement believes offer unusual opportunities for revenue and profitgrowth. Euro Group of Companies headquarters is located in Port Chester,New York and is a publicly traded company whose common stock trades underthe Ticker Symbol EGCO.

Safe Harbor Statement: From time to time, information provided by the EuroGroup, employee statements of information included in its filings with theSEC, may contain statements, which are so-called "forward-looking"statements within the meaning of Section 27A of the Securities Act of 1933,as amended, and Section 21E of the Securities Act of 1934, as amended whichare intended to be covered by the safe harbors created thereby. Withrespect to such forward-looking statements, Euro Group claims protectionunder the Private Securities Litigation Reform Act of 1995. The Company'sresults may differ significantly from those stated in any forward-lookingstatements. Forward-looking statements involve a number of risks anduncertainties, including, but not limited to, product demand, pricing,market acceptance, litigation, risks in product, and technologydevelopments, and other risk factors detailed from time to time in theCompany's Securities and Exchange Commission reports including, withoutlimitations, its Form 10-KSB and Forms 10-QSB.

Contact:
Euro Group of Companies, Inc.
Media Relations
181 Westchester Avenue
Port Chester, New York 10573
Email Contact
914-937-3900 x16
Fax 914-937-4100



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