SOURCE: Military Resale Group, Inc.

June 30, 2008 13:01 ET

Military Resale Group, Inc. Announces Recent Progress and Updates

NEW YORK, NY--(Marketwire - June 30, 2008) - Military Resale Group, Inc. (PINKSHEETS: MYRL) announced today that the Company is in final negotiations to acquire two major food distribution contracts for the Northeast United States. These new product lines will initially be distributed by companies with existing relationships with MYRL and its subsidiaries. MYRL also announced that it is close to securing a significant credit facility which will enable the Company to further implement its growth plan.

Nick Kontonicolas, Chairman of MYRL, stated, "We have been working diligently to restructure the Company to be not only a distributor of food products to the U.S. Military commissary system but a significant distributor of specialty and ethnic foods and new products being introduced to the market." Mr. Kontonicolas added, "We will be happy to review and plan the distribution of any new and interesting food or beverage product that is presented to us. You can contact me personally at with your offers."

About Military Resale Group, Inc.

Military Resale Group, Inc. (MYRL) operated for over eight years as a specialist in military distribution. MYRL formed a new subsidiary company, Military & Specialty Distributors, Inc. ("MSDI"). MSDI will focus on the planned expansion as a national distributor to service commissaries and retail services throughout the DeCA system, and the 13.7 million patrons who purchase $5 billion in products each year. MSDI has identified numerous new products to market that will bring the company new revenues and better profit margins than in the past. The company has also begun to expand its retail operations which now mirror the expanded Military Resale Group wholesale operations. Military Resale Group historically sold a wide variety of grocery and household items.

This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of MYRLG.

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