SOURCE: De Greko Inc.

May 05, 2006 07:53 ET

De Greko Inc.'s Positioned for 'Up and Coming' VOIP Sector

GLASTONBURY, CT -- (MARKET WIRE) -- May 5, 2006 -- De Greko, Inc. (OTC: DGKO), a holding company that specializes in consolidating Greek themed revenue-generating companies, today announced that it is realigning its business to focus on the communications division. "We've realized the there is a huge opportunity in VOIP," stated CEO Fotis Georgiadis. "VOIP services, applications and security is slated to be one of the biggest growth sectors," he continued. Part of technology behind the company's Clixme service is based on VOIP.


A recent eMarketer study ( stated the market value will crest $300 billion. With companies like Skype reaching over 100 million VOIP users (, it is becoming clear why this industry is getting so much attention. Skype just recently agreed to pay around $27 million in stock for Sonorit Holding SA, a provider of voice technology for the Internet. "The landscape is forming quickly, and the larger players are coming in to swallow the niche technologies," said Mr. Georgiadis. VOIP companies are also making waves on Wall Street. "Look at Vonage, the largest provider of Internet phone services is preparing to debut on Wall Street in an IPO worth almost $500 million. Great ideas get respect," continued Mr. Georgiadis. (


Companies like Microsoft, Cisco, and AT&T also see the forest through the trees when it comes to VOIP. ( All three companies have re-focused themselves on integrating VOIP solutions into their product and service offerings. "When companies like Microsoft take notice in technologies like VOIP, you can be assured that they see the potential there," stated Mr. Georgiadis. "Clixme is just part of the bigger picture for Degreko. We have already begun focusing on the VOIP service part of the market," he continued.

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 Communications (OTC: DGKO)

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