SOURCE: Euro Group of Companies, Inc.

October 08, 2008 14:33 ET

Europhone Announces Retail Store Opening

PORT CHESTER, NY--(Marketwire - October 8, 2008) - Europhone USA, LLC, the telecommunications products subsidiary of Euro Group of Companies, Inc. (PINKSHEETS: EGCO) today announced the signing of a lease for the launch of the Company's first retail outlet in Astoria, New York. This first store, in densely populated Queens County, New York, will begin retail operations later this month, and will offer the Company's full line of "Eugro" brand products, such as Full high definition LCD 1080p flat screen televisions, laptop computers and digital cameras, as well as the Company's domestic and international telecommunications services, and the full range of Verizon FiOS services.

The Company expects that this first retail location will make a positive contribution to its Fourth Quarter results.

Europhone USA, LLC is a wholesale marketer of wireless handsets, domestic and international prepaid cellular services, domestic and international prepaid calling cards, and consumer electronics products.

Euro Group of Companies, 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 -- communications 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 (including but not limited to this release), 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.

Contact Information

  • Contact:
    Aris Constantinides
    Phone: 914-937-3900
    Fax: 914-937-4100
    Email: Email Contact