Euoko Group Inc.
OTC Bulletin Board : EUOK

Euoko Group Inc.

March 12, 2008 11:33 ET

Euoko Group Inc. Completes Reverse Acquisition of Luxury Skin Care Brand Euoko

TORONTO, ONTARIO--(Marketwire - March 12, 2008) - Euoko Group Inc. (OTCBB:EUOK) announced today that on Friday, March 7, 2008, it completed its long-anticipated acquisition of Euoko Inc. (Canada), a developer and marketer of scientifically-advanced luxury skin care products, as well as the owner of the luxury skin care brand, Euoko.

This transaction was completed pursuant to an Amended and Restated Share Exchange Agreement dated July 23, 2007 entered into between Euoko Group Inc. (formerly Vita Equity Inc.), Brandon C. Truaxe, Julio Alexis Torres Lopez and CMMG Finance Inc.



As per the terms of the agreement, all parties have acknowledged that:

(a) Brandon Truaxe, founder of Euoko Inc. (Canada), has acquired
10,504,000 common shares of Euoko Group Inc. from certain previous or
current shareholders, representing approximately 30% of the company's
capital stock.

(b) Julio Alexis Torres Lopez has acquired 1,755,000 common shares of
Euoko Group Inc. from certain previous or current shareholders,
representing approximately 5% of the company's capital stock.

(c) CMMG Finance Inc. has partially advanced to Euoko Inc. (Canada) a
loan of up to $3,000,000 Canadian funds on terms contained in a
Finance Agreement dated October 2006.

Also pursuant to the agreement, in consideration for the shares of
Euoko Inc. (Canada), Euoko Group Inc.

(1) will pay CMMG Finance Inc. US$110,000, Brandon Truaxe US$28,000 and
Julio Alexis Torres Lopez US$7,000.

(2) has issued 12,285,000 preferred shares to Brandon Truaxe, with each
preferred share carrying the voting power of 500 common shares,
effectively giving Brandon Truaxe control of the management and
direction of Euoko Group Inc.

(3) has issued 1,500,000 stock options to various individuals designated
by Brandon Truaxe and Julio Alexis Torres Lopez.


As a result of this transaction, the officers of Euoko Group Inc. consist of Brandon Truaxe as President and Chief Executive Officer, Julio Alexis Torres Lopez as Chief Innovations Officer and Michael D. Basler as Chief Financial Officer.

"Our entire team is excited to face this new chapter in our continuing growth toward establishing Euoko as a hallmark global brand of luxury skin care," said Brandon Truaxe, President and CEO.

As of the closing date, the address of the headquarters of Euoko Group Inc. has been changed to: Suite 535, 67 Mowat Avenue, Toronto, Ontario, Canada M6K 3E3. The main office telephone number of the company has been changed to 416-657-3456.

Inquiries about this transaction, Euoko Group Inc. or this news release should be directed to Carmela Tassone at 416-657-3456, extension 326 or via email to ir@euoko.com.

About Euoko Group Inc. (www.euoko.com):

Euoko Group Inc. (OTCBB:EUOK) is an emerging luxury brand that develops, markets and distributes scientifically-advanced skin treatments. Euoko's current portfolio consists of 24 products spanning five treatment collections that target aging, dull skin tones, skin protection, uneven pigmentation and blemishes. This product line offers comprehensive solutions to such skin concerns as wrinkles, fine lines, under-eye dark circles, dark spots, acne, oxidation, environmental exposure and skin fatigue. Combined with innovative products for basic daily cleansing and facial priming, Euoko offers a complete line of synergistic formulations that target the most demanding luxury consumer. Euoko's well-appointed, understated primary and secondary packaging communicates innovation, science and modern sophistication, while reflecting the prestige positioning of the portfolio. Euoko sells its product line through premium distribution channels in more than ten countries and territories. Retail partners of the brand include such premium department stores as Bergdorf Goodman in New York City (USA), Printemps in Paris (France) and La Rinascente in Milan (Italy). Euoko's products are also sold globally through the company's internally-operated, multicurrency, multilingual website (www.euoko.com).

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding our ability to market Euoko's products successfully, to achieve distribution in retail channels or to be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward looking statements. We will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

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