EGCO Looks interesting.... Surprised there isn't more eyes on this one. Appears to be thin to .30. Very nice recent new as of late.
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.
