PORT CHESTER, N.Y., March 3, 2010 (GLOBE NEWSWIRE) -- Euro Group of
Companies, Inc. (Pink Sheets:EGCO) announced today that Europhone, the
Company's telecommunications products and services subsidiary, has
entered into an agreement with Global Master Corp., a subsidiary of
Kingsway Trading Corporation, a New York company with over 25 years
experience in distributing products and services to pharmacies, to
market its EUGRO brand calling cards through a network of over 550
pharmacies in the Northeast.

The initial order for 200,000 calling cards, with face values of $2.00;
$5.00; $10.00; and $20.00, is valued at approximately $2,000,000. As in
the case of all calling card sales, Europhone recognizes revenue from
the sale upon activation of the card by the vendor. The Eugro calling
card is a "clean" card, with no hidden fees or charges, and offers very
attractive rates for international calling.

The international calling card industry accounts for over ten billion
dollars in sales each year, and continues to grow at a better than 10%
rate per annum.

Euro Group of Companies, Inc., headquartered in Port Chester, New York,
with offices in Shanghai, China and Athens, Greece, is an operating
company focused on three distinct and separate businesses --
telecommunications products, transportation products and consumer
electronics and appliances- that management believes offer unusual
opportunities for revenue and profit growth.

Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: From time to time, information provided by the Euro Group
of Companies (including but not limited to this releases), statements
made by its employees, or information included in its filings with the
Securities and Exchange Commission may contain statements which are
so-called "forward-looking" statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended, which are intended to be covered by
the safe harbors created thereby. With respect to such forward-looking
statements, Euro Group claims protection under the Private Securities
Litigation Reform Act of 1995. The Company's results may differ
significantly from those stated in any forward-looking statements.
Forward-looking statements involve a number of risks and uncertainties,
including, but not limited to, product demand, pricing, market
acceptance, litigation, risks in product and technology developments,
and other risk factors detailed from time to time in the Company's
Securities and Exchange Commission reports including, without
limitations, its Form 10-KSB and Forms 10-QSB.


CONTACT:  Euro Group of Companies, Inc.
          David Conway
          dconway@eugro.com