EURO GROUP OF COMPANIES, INC. Files SEC form 10-K, Annual Report

Item 6. Management's Discussion and Analysis or Plan of Operations This Annual Report on Form 10-KSB contains forward-looking statements made as of the date hereof. We assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth in this report and the other information set forth from time to time in our Reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, including our reports on Forms 10-QSB and Current Reports on Form 8-K, each as amended. See "Forward Looking Statements" in the forepart of this Report for a non-exclusive list of risks and uncertainties that relate to the forward looking statements herein. The following discussion relates to the results of our operations to date, and our financial condition: General In 2002 the Company acquired the assets and the business of Europhone USA, Inc. and Europhone, Inc., Eurokool, and Eurospeed, and assumed the manufacturing and distribution agreements for long distance calling cards and related activities, and for air-conditioners and scooters. The Company has since expanded the product offering to include prepaid calling cards and sim chips, cell phones, other transportation products, such as motorcycles and ATVs, and consumer electronics products. The Company's goal is, and has been, to build its "Eugro", "Eurospeed" and "Euro" brand names. The Company is currently located in Port Chester, New York. The Company is an operating company whose subsidiaries operate its core business units: Europhone, Eurospeed and Eurokool. To satisfy future sales of transportation products we plan to purchase motorcycles and scooters from contract manufacturers located in the Peoples' Republic of China ("PRC") with whom we have contracted to produce Eurospeed...
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Euro Group Announces Clear Choice International Calling Program

PORT CHESTER, N.Y.--(BUSINESS WIRE)--Euro Group of Companies, Inc. (Pink Sheets: EGCO - NewsClear Choice international calling program, offering dramatically lower per minute rates for worldwide calls from the United States. Clear ChoiceClear Choice calling card is a “clean” card, with no activation fee, no connection charges, and no other hidden fees or charges. Currently available calling card rates for calls to Cuba are generally in the range of $1.25 to $1.60 per minute, and there are millions of minutes of telephone traffic between the US and Cuba each week.Blackstone Calling Card is the industry’s pre-eminent marketer of prepaid telecommunications products, with thousands of retail locations and agents and distributors nationwide, to support the Company’s marketing effort. Point-of-sale (POS), the marketing of calling cards and calling plans though local merchants, is critical to the sale of telecom services, and Blackstone has created the most innovative point of sale system, integrating the processing of all major credit cards (Master Card, Visa, AMEX and Discover) and ATM/debit/EBT cards with the sale of prepaid products into one easy to use POS terminal.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 s...
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EURO GROUP OF COMPANIES, INC. Files SEC form 8-K, Other Events

Show all filings for EURO GROUP OF COMPANIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for EURO GROUP OF COMPANIES, INC. 14-Oct-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not i...
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EURO GROUP OF COMPANIES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement

Show all filings for EURO GROUP OF COMPANIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for EURO GROUP OF COMPANIES, INC. 17-Sep-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inf...
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Eurospeed, Inc. Signs Exclusive Distributor for Colombia

PORT CHESTER, NY--(MARKET WIRE)--Feb 12, 2009 -- Euro Group of Companies, Inc. (Other OTC:EGCO.PK - News), announced today that Eurospeed, Inc., the Company's transportation products subsidiary, has entered a five year exclusive distribution agreement with LGTI, Inc. for the sale of Eurospeed products in Colombia. Under the terms of the agreement, Baldwin Park, California-based LGTI will make a non-refundable payment of $150,000 for the exclusive right to market Eurospeed products in Colombia, and is contractually obligated to purchase a minimum of 24,400 Eurospeed scooters and motorcycles over the term of the agreement. LGTI has placed its initial order for motor scooters, secured by an irrevocable, transferable letter of credit for $150,000. Gary DeFilippo, Vice President of Eurospeed Operations, said, "We are very pleased with the addition of LGTI as a distributor and we continue to interview well qualified distributor candidates for other countries in Latin America and South America."Eurospeed offers a full line of fuel efficient electric and gas-powered scooters, motorcycles, ATVs (all-terrain vehicles) and utility vehicles, imported from select contract manufacturers in China.Euro Group of Companies, 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 -- communications products, transportation products and consumer electronics and appliances -- that management believes offer unusual opportunities for ...
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EURO GROUP OF COMPANIES, INC. Financials

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Eurospeed, Inc. Introduces "Green" Vehicles

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." 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), s...
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EURO GROUP OF COMPANIES, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General The Company is actively marketing its telephone products and services, and transportation products and will commence marketing of consumer electronic products in 2009.. We will require additional capital in order to expand our operations and implement our business plan and we have no firm commitments for capital at this time. In 2002, the Company entered into an agreement for the purchase of the assets and the business of Europhone USA, Inc., Europhone, Inc., Eurokool and Eurospeed resulting in our assumption of manufacturing and distribution agreements for long distance calling cards and related activities, air conditioners and scooters. The Company has since expanded and modified the scope of its business and prospective business to include prepaid calling cards, e-pins and sim chips as well as cell phones, motorcycles as well as scooters and flat panel televisions. Moreover, the Company has begun deliveries of scooters and of prepaid calling cards. The goal has been and continues to be, the manufacture or assembly, and marketing of products under the "Eugro" and "Euro" brand names. We are currently located in Port Chester, New York. Euro Group of Companies is an operating company whose subsidiary companies market and sells the "Euro" and "Eugro" families of products. The Company operates in three separate and distinct business areas - we are currently marketing telecommunications products and services and transportation products, and plans to commence marketing of consumer electronics products in 2009. Additional information on these businesses can be found in the "Business" section of the 10-KSB report. To satisfy future sales of transportation products we plan to purchase motorcycles and scooters from contract man...
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