De Greko Communications

March 27, 2006 07:30 ET

De Greko Communications Expands Clixme Platform with Transaction Processing Capabilities

GLASTONBURY, CONNECTICUT--(CCNMatthews - March 27, 2006) - De Greko Communication, a wholly owned subsidiary of De Greko Inc. (PINK SHEETS:DGKO) a holding company that specializes in consolidating revenue-generating companies, today announced that its Clixme, "Click to Call" platform will be expanded to include Transaction Processing Capabilities.

The company is expanding the Clixme service to include the ability for websites to receive credit card payments through an IVR (Interactive Voice Response) system for consumers hesitant to put their credit card information on the internet when making purchases.


Websites using the 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.

As part of the development process, the company is building plug in modules for several of the more prominent e-commerce solutions being used on websites. Some of these include Miva Merchant by MIVA INC (NASDAQNM:MIVA), Yahoo Store by Yahoo! Inc. (YHOO), and the bcentral shopping cart from Microsoft Corp. (MSFT) MSN business service. Combined, these companies provide a market of over 1 million online store owners for the Clixme service. Additional modules are planned for several other prominent e-commerce solutions.

"This value added service to Clixme was a natural progression for its e-trade capabilities," stated Fotis Georgiadis, CEO of De Greko. "The Research and Development team at De Greko thought it prudent to add this application to the suite of services we would offer with Clixme. In addition to Clixme's personal approach to e-trade, it was still necessary to find a safe, offline method for people to complete their transactions. With more and more stories of online fraud and theft the Clixme transaction solution will be a welcome alternative to standard transaction processing methods presently available in the market."


The new service will provide an additional revenue base for the company as well. Through an agent agreement it is seeking with FIRST DATA CP (NYSE:FDC), the company will earn a percentage of all money transacted through the new service.

"In addition to creating a safe way to complete transactions, the company will also add to our bottom line with another residual income stream that piggybacks our Clixme service", said Mr. Georgiadis.

With Clixme slated to launch in mid-April, this new service will be tested and become live shortly thereafter. The above mentioned development team is presently investigating alternate offline applications for the Clixme service as well.

For all future De Greko investor relations needs, investors are asked to visit the De Greko IR Hub at 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 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:

De Greko, Inc. (PINK SHEETS: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: Certain statements in this news release may contain ''forward looking'' information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. 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.

Contact Information