Euro Group Announces Clear Choice International Calling Program

Euro Group of Companies, Inc. (Pink Sheets: EGCO) announced today that Europhone, the Company’s telecommunications products and services subsidiary, has introduced its Clear Choice international calling program, offering dramatically lower per minute rates for worldwide calls from the United States.

The Company has entered a marketing agreement with Blackstone Calling Card, Inc. to market the Clear Choice $0.89 per minute rate for calls from the USA to Cuba. The new Cuba rate is being introduced in advertising banners on the city bus fleet and in bus shelters, and on Spanish language television, in Miami, Florida, the US home of many Cuban nationals. The Clear Choice calling card is a “clean” card, with no activation fee, no connection charges, and no other hidden fees or charges. Currently available calling card rates for calls to Cuba are generally in the range of $1.25 to $1.60 per minute, and there are millions of minutes of telephone traffic between the US and Cuba each week.

Blackstone Calling Card is the industry’s pre-eminent marketer of prepaid telecommunications products, with thousands of retail locations and agents and distributors nationwide, to support the Company’s marketing effort. Point-of-sale (POS), the marketing of calling cards and calling plans though local merchants, is critical to the sale of telecom services, and Blackstone has created the most innovative point of sale system, integrating the processing of all major credit cards (Master Card, Visa, AMEX and Discover) and ATM/debit/EBT cards with the sale of prepaid products into one easy to use POS terminal.

Euro Group of Companies, Inc. headquartered in Port Chester, New York, with offices in Shanghai, China and Athens, Greece, is an operating company focused on three distinct and separate businesses – telecommunications products, transportation products and consumer electronics and appliances- that management believes offer unusual opportunities for revenue and profit growth.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: From time to time, information provided by the Euro Group of Companies (including but not limited to this releases), statements made by its employees, or information included in its filings with the Securities and Exchange Commission 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, which are intended to be covered by the safe harbors created thereby. With respect to such forward-looking statements, Euro Group claims protection under the Private Securities Litigation Reform Act of 1995. The Company’s results may differ significantly from those stated in any forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including, but not limited to, product demand, pricing, market acceptance, litigation, risks in product and technology developments, and other risk factors detailed from time to time in the Company’s Securities and Exchange Commission reports including, without limitations, its Form 10-KSB and Forms 10-QSB.