SOURCE: De Greko Inc.

May 02, 2006 16:20 ET

Clixme Draws Tremendous Interest on Launch

GLASTONBURY, CT -- (MARKET WIRE) -- May 2, 2006 -- De Greko Communication, a wholly owned subsidiary of De Greko Inc. (OTC: DGKO) a holding company that specializes in consolidating revenue-generating companies, today announced that the official launch of its Clixme "click to call" service to US businesses was an overwhelming success.

De Greko CEO Fotis Georgiadis commented on the first day's activities, "We were all very excited about the launch today. By the end of the day we had been contacted from companies all over the world who were trying out the service." Mr. Georgiadis also added that the company had received inquiries from companies in both Europe and Asia inquiring to the availability of the service in both regions. "We were pleased to see that large companies were signing up for the service as well. When GE Healthcare, a division of General Electric, signed up to use the service today we were sure that adoption of Clixme in the Enterprise market was assured."

"We were also contacted by several other large players in the communications industry," said Mr. Georgiadis. "We took a call from Net-2-Phone who expressed interest in using Clixme," he continued. Net-2-phone recently merged into a wholly owned subsidiary of IDT Corporation, a leading VOIP enabler for service providers.

CLIXME PRIMED FOR SUCCESS

The Company started to receive signups for the service as early as 30 minutes after the launch. "Companies were signing up the entire day," said Mr. Georgiadis. With the service launched, the Company is focusing on the next stage. It plans to deliver a transaction-processing component to the suite of services Clixme provides. Websites using the add-on service will give customers the option to have Clixme call them to accept their credit card information during the checkout process. After receiving the information, Clixme processes the customer's credit card and issues an approval to the transacting website through a special API being developed for the new service. Once the website receives an approval from Clixme that the card has been charged, it notifies the customer and completes the transaction.

WHAT IS CLIXME?

Clixme is a state of the art, "click to call" service that allows website visitors to request a call from a website owner or one of their departments by entering their telephone number in the Clixme box. Clixme then immediately calls the telephone number of the website owner alerting them and asking them to accept the call. When they accept the call, Clixme calls the website visitor's telephone number and immediately connects both parties in a live telephone call. "We can deliver customers to a vendor's phone in less than 30 seconds," said Mr. Georgiadis. Businesses can sign up and find out more about Clixme at http://www.clixme.com.

To date, Google, Inc. is still beta testing their version of a similar "click to call" service. Information about Google's service can be found at http://www.google.com/help/faq_clicktocall.html. Yesterday, De Greko became the only publicly traded company with this type of service. "The fact that we beat several of the larger players in the space to market shows that our team can act very quickly when opportunity presents itself," said Mr. Georgiadis when asked about how the company came across the idea for Clixme.

For all future De Greko investor relations needs, investors are asked to visit the De Greko IR Hub at http://www.AGORACOM.com/IR/DeGreko where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to DGKO@AGORACOM.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About De Greko Inc: http://www.DeGreko.com

De Greko, Inc. (OTC: DGKO) is the parent company of De Greko Foods, De Greko Communications and De Greko Entertainment. Founded in 1998 as De Greko, LLC, the Company plans to serve as a commercial hub for a variety of Greek themed businesses. De Greko's business philosophy combines the American entrepreneurial sprit with old-world charm and cutting-edge commercial innovation.

Note: All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results to differ materially from such statements, including, without limitation: (i) competition, (ii) fluctuations demand and supply of our target markets, including Internet based telephone operations (iii) risks associated with new business ventures. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.

De Greko Communication (OTC: DGKO)

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