Eurospeed, Inc. Introduces "Green" Vehicles

• Press Release
• Source: Euro Group of Companies
• On Tuesday December 2, 2008, 12:45 pm EST

SHANGHAI, CHINA--(MARKET WIRE)--Dec 2, 2008 -- Anastasios Koutsompinas, President of Euro Group of China, announced today that the Company's Eurospeed subsidiary will commence shipment of its environmentally friendly all-electric line of motor scooters to European customers this month and will begin importing the "green" motor scooters to dealers in the United States in early 2009. Mr. Koutsompinas also reported that the Company's line of all-electric automobiles and trucks will be introduced to the European market in first quarter 2009, and to the United States market just as soon as all the required US certifications and approvals have been obtained. "With the price of gas still at historic highs in Europe, we believe our all-electric line of automobiles and trucks is just what the European consumer is looking for," said Mr. Koutsompinas, "a quality line of all-electric transportation products that offers style and functionality."

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EGCO.PK	0.18	0.00

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Euro Group of Companies, Inc. (Other OTC:EGCO.PK - News) 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:
     Anastasios Koutsompinas
     President
     Euro Group of China
     Email Contact