SOURCE: De Greko Inc.

March 27, 2006 13:24 ET

De Greko Inc. Confirms Payout of 20% Stock Dividend on March 31, 2006

GLASTONBURY, CT -- (MARKET WIRE) -- March 27, 2006 --De Greko Inc. (OTC: DGKO), a holding company that specializes in consolidating Greek themed revenue-generating companies, reminds its investors of the 20% Stock Dividend to be paid out on March 31, 2006.

All transactions made this week will have the dividend built in; therefore, anyone selling shares between March 27, 2006, and March 31, 2006, will be selling the dividend as well. Conversely, investors can buy shares this week as well and receive the 20% dividend on March 31, 2006.

De Greko CEO, Fotis Georgiadis, stated, "The last week has been very exciting and hectic for the company. With the overwhelmingly successful launch of our 'Clixme' product, the Communications subsidiary continues to outperform our estimates. More than ever, we feel that we are bringing value to our shareholders, and this dividend is a further indication that we are building a successful company for today and the future."

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 spirit 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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