SOURCE: Military Resale Group, Inc.

November 09, 2006 10:38 ET

Military Resale Group, Inc. Updates Recent Progress

NEW YORK, NY -- (MARKET WIRE) -- November 9, 2006 -- Military Resale Group, Inc. (PINKSHEETS: MYRG) announces recent business updates from the newly appointed Chairman Nick Kontonicolas; who has changed the focus of MYRG to establish new wholly owned subsidiary companies with significant and new growth potential., our new website, is up and running.

Mr. Kontonicolas stated the company has been successful the past few months in changing its course from a regional distributor of food items to

1) Planned expansion to service the 12 Commissaries in the North East.
2) Market new products that will enhance the companies' profit margins.
3) Expand into retail operations which will mirror the original Military
   Resale Group wholesale operations.
The company has recently made a board of director's decision to obtain NOBOS reports and shareholder ledgers on a regular basis. The company is making all necessary steps to grow the company and keeping a strong insight to the shareholders positions in the company. This year, Military Resale Group, Inc., secured sufficient private capital to help advance their efforts to grow the company into the new directions.

About Nick Kontonicolas

Nick Kontonicolas, the recently appointed Chairman of the Board, is also President of C. TradeUSA, Inc., a privately held company with extensive National and International business relationships, which is part of the C. Trade Group of Companies. The C. Trade Group of Companies has extensive holdings in the United States as well as in China, Latin America, Greece, and Bangladesh. C. Trade's portfolio of companies specializes in biotechnology, environmental remediation, water purification and remediation, and automotive consultation services. Nick Kontonicolas is an experienced, well-seasoned professional investor. He constantly seeks out new and revolutionary technologies, which can be seamlessly integrated, within his network.

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 MYRG.

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