SOURCE: De Greko, Inc.

April 12, 2006 06:00 ET

De Greko, Inc. Announces 2006 Stock Buy Back Program

GLASTONBURY, CT -- (MARKET WIRE) -- April 12, 2006 -- De Greko, Inc. (OTC: DGKO), a holding company that specializes in consolidating Greek themed revenue-generating companies, today announced that its board of directors has approved the company's 2006 stock buy back program.

The company's program will include the buy back of an undisclosed amount of Shares over the next 3 months. The purchase of the shares will be on the open market and will conform to SEC Regulations as pointed out in Rule 10b-18. The Rule requires an issuer to use a single broker or dealer (per day) to bid for or purchase its common stock. Pursuant to this rule, the stock buyback will be done by Spartan's Securities in Florida, MM symbol MICA.

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. (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 revenue-generating companies. 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.

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