VEGA ALTA, Puerto Rico , Sept. 21 /PRNewswire-FirstCall/ -- Margo Caribe, Inc. (Nasdaq: MRGO) today announced that, on September 14, 2006 , it was advised by Deloitte & Touche LLP, the Company's independent registered public accounting firm, that Deloitte had resigned and the client-auditor relationship between the Company and Deloitte had ceased. Because of Deloitte's resignation, the Company did not make the decision to change accountants, and therefore the decision was not recommended or approved by the Company's Board of Directors or Audit Committee of the Board of Directors.

The Company is undertaking a search for a new independent registered public accounting firm.

On September 20, 2006 , the Company filed with the Securities and Exchange Commission, a Current Report on Form 8-K with additional information regarding this matter. The Form 8-K can be accessed through the SEC's website at www.sec.gov.

About Margo Caribe

Margo Caribe, Inc. is currently engaged in the business of growing and distributing a wide range of both indoor and outdoor tropical foliage and flowering plants in Puerto Rico and the northeast Caribbean. The Company is also engaged in the sale and manufacturing of lawn and garden products throughout Puerto Rico , the northeast Caribbean and the Southeast United States . In addition, the Company is in the process of securing permits for a residential project in Arecibo, Puerto Rico .

Forward-Looking Statements

This press release contains certain 'forward looking statements' concerning Margo Caribe's economic future performance. The words 'expect,' 'anticipate,' 'hope' and similar expressions are meant to identify 'forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995.

Margo Caribe cautions readers not to place undue reliance on any such 'forward looking statements,' which speak only as of the date made and to advise readers that various factors, including regional and national economic conditions, natural disasters, competitive and regulatory factors, and legislative changes, could affect Margo Caribe's financial performance and could cause Margo Caribe's actual results for the future periods to differ materially from those anticipated or projected.

Margo Caribe does not undertake and specifically disclaims any obligation to update any 'forward looking statements' to reflect occurrences or unanticipated events or circumstances after the date of such statements.

CONTACT: MR. JOSE VAZQUEZ

             Telephone: (787) 883-2570
             Extension:  1041

SOURCE Margo Caribe, Inc.