Europhone Begins Distribution of International Unlimited Prepaid Calling Cards

PORT CHESTER, NY, Apr 10 (MARKET WIRE) --
Euro Group of Companies, Inc.'s (PINKSHEETS: EGCO) subsidiary company,
Europhone USA, LLC, has began to distribute its Eugro branded International
UNLIMITED Prepaid Calling Cards.

The International UNLIMITED prepaid calling card is a U.S. outbound
callingcard to over 40 International countries worldwide. Available are weekly
cards at
$5.00 and monthly cards at $20.00. The card can be used from either a cell
phone or any landline phone, and for less than 72 cents a day you get
unlimited calling to selected destinations with no hidden charges or fees. In
addition to the unlimited prepaid calling card, Europhone also offers a
variety of International Prepaid calling card programs.

Europhone USA will soon introduce and market another unique and
revolutionary
service: the EUGRO WORLD SIM card, which allows any triband GSM phone to be
utilized in over 100 countries at low per minute rates. It also allows the
international traveler to receive free incoming calls and free incoming SMS.

Europhone USA distributes and markets its products through a network of
nationwide distributors.

About Europhone USA, LLC:

The Europhone USA, LLC is an MVNO (Mobile Virtual Network Operator) involved
in the
wholesale selling of wireless hand sets, domestic and international prepaid
cellular services. Europhone also provides domestic and international prepaid
calling cards. In addition to the communication services, the company is a
national
agent for Verizon FiOS.

Euro Group of Companies, Inc. today is an operating company focused on three
distinct and separate businesses, communications products, transportations
products, and consumer electronics and appliances, that management believes
offer unusual opportunities for revenue and profit growth. Euro Group of
Companies headquarters is located in Port Chester, New York and is a publicly
traded company whose common stock trades under the Ticker Symbol EGCO.

Safe Harbor Statement: From time to time, information provided by the Euro
Group, employee statements of information included in its filings with the
SEC, 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.
Media Relations
181 Westchester Avenue
Port Chester, New York 10573
Email Contact
914-937-3900 x16
Fax 914-937-4100

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