SOURCE: Military Resale Group, Inc.

December 06, 2006 10:19 ET

Military Resale Group, Inc. Forms New Distribution Subsidiary

NEW YORK, NY -- (MARKET WIRE) -- December 6, 2006 -- Military Resale Group, Inc. (PINKSHEETS: MYRG) announced today that it has formed a subsidiary company, Military & Specialty Distributors, Inc. ("MSDI"). MSDI will focus on the planned expansion to service Commissaries through out the DeCA system, and the 13.7 million Patrons who purchase $5 Billion in products each year. MSDI have identified numerous new products that will enhance the companies' profit margins.

Chairman Nick Kontonicolas stated, "We have attracted interest via our present corporate divisions and partnerships to further enhance the operations and profits of the newly formed subsidiary of MYRG. We hope to establish a credit facility and commence both retail and wholesale operations."

Mr. Ed Whelan, CEO, states that, "We want to thank all of our shareholders for their support and advice during this time of strategic change and focus."

Military Resale Group, Inc. has recently announced its success in the past few months in changing its course from a regional distributor to a national distributor. The company will market numerous new products that will enhance the companies' profit margins. The company has also begun to expand its retail operations which now mirror the expanded MYRG wholesale operations.

About Military Resale Group

Military Resale Group, Inc. has a solid track record as a specialist in military distribution. Following the acquisition of Pittock Distributors in 1997, MYRG's aggressive growth strategy resulted in a nine-fold sales increase. For more than five years, the company has been growing servicing military commissaries for six military bases in Colorado, Wyoming and South Dakota. MYRG has recently this year obtained the necessary elements to allow for the success of this aggressive expansion and this included internal funding, new management, new facilities and new profitable and in demand products. MYRG has now opened their new office to service the North East from Boston to Washington, DC. Military Resale Group, Inc. has had a successful history selling annually as much as $5.3 million in revenue as only a regional distributor of grocery and household items to the military market. MYRG has been distributing a wide variety of items, including fresh and frozen meat and poultry, seafood, frozen foods, canned and dry goods, beverages, dairy products, paper goods and cleaning and other supplies. More information on Military Resale Group can be found at their website,

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of MYRG.

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