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Flurida Group Inc. Announces Corporate Update; Revenues up 11%, Gross Profit up 40% for Past 6 Months in 2010

NEW YORK, Oct. 20, 2010 (GLOBE NEWSWIRE) -- Flurida Group, Inc. (OTCBB:FLUG), a global leader in circuit and refrigeration component manufacturing, is pleased to provide an update to shareholders on corporate developments.
/ Source: GlobeNewswire

NEW YORK, Oct. 20, 2010 (GLOBE NEWSWIRE) -- Flurida Group, Inc. (OTCBB:FLUG), a global leader in circuit and refrigeration component manufacturing, is pleased to provide an update to shareholders on corporate developments.

Chronology of Corporate Events

December 2009 -- Flurida signs R&D contract with Del Visionaries, Inc to develop an interactive learning device known as the "The Little Green Money Machine."

March 2010 -- Flurida signed an agreement with OEM Worldwide in SD to develop a Global Positioning Satellite (GPS) product. This product will be launched to American, Australian, Asian markets.

August 2010 -- Flurida announces quarterly earnings for period ending June 30, 2010. Company experiences record quarter for Revenues and Gross Profits.

September 2010 -- Flurida establishes R&D branch office in Los Angeles. This facility will function as an R&D center, warehouse, and supply chain manager for European and US Clientele.

About Flurida Group Inc.

Flurida Group Inc. engages in sourcing, distributing, and marketing appliance parts to refrigerator manufacturers. It offers a variety of products for automatic refrigerator build-in icemakers, refrigerator through-door ice water systems, electronic control systems; and shade pole motor and motor assembly for refrigerator or freezers. Headquartered in Carson City, California, Flurida has operations in North America, Europe, and China. For more information, please view us at

This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks, uncertainties and other factors, including our ability to continue to consummate repurchases under the share repurchase program due to changes in our stock price, corporate or other market conditions. The reader is cautioned not to rely on these forward-looking statements. These and other risks are described in detail in Flurida's Quarterly Report on Form 10-Q for the first and second quarters of 2010, as filed with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to Flurida and Flurida assumes no obligation to update any such forward-looking statements.

CONTACT: Pivo Associates, Inc. Investor Relations: Richard Oravec 212-924-3548 rick@vircomglobal.com