Thursday, April 06, 2006 8:50:10 AM
Thursday April 6, 7:58 am ET
GLASTONBURY, CT--(MARKET WIRE)--Apr 6, 2006 -- De Greko, Inc. (Other OTC:DGKO.PK - News), a holding company that specializes in consolidating revenue-generating companies, today announced that it intends to initiate steps to List on the Hong Kong Stock Exchange (HKEx).
PRESTIGE ASIA TO COORDINATE LISTING PROCESS
Prestige Asia will facilitate the steps involved to list on the HKEx. One of the company's objectives in retaining Prestige Asia was their expertise in the Asian Market. Prestige Asia has coordinated a number of listings on the HKEx and will be a valuable resource to De Greko in this venture.
MANY ADVANTAGES TO LISTING IN HONG KONG
The listing on the HKEx will enable the company to take full advantage in the following:
-- Gateway to Mainland China
-- Leveraging on Mainland China's Growth
-- Home Market Theory
-- Strong Legal System
-- International Accounting Standards
-- Sound Regulatory Framework
-- Free Flow of Capital and Information
-- Advanced Clearing and Settlement Infrastructure
Ms. Sutida Suwunnavid, President of Prestige Asia, stated, "We are pleased to be able to use our expertise in Asia for De Greko. Trading in Hong Kong will open De Greko to more Asian Investment and enable them access to the lucrative Asian Markets."
"As I have stated in the past, my mission is to create a global network for De Greko and its products," stated Fotis Georgiadis, CEO of De Greko. "Our new relationship with Prestige Asia will begin this global network with a listing in Hong Kong. This is a major step for our company as we will truly leverage our Asian relationships with new business ventures and capital."
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