Automotive Capital Group Announces New Chairman, CEO/President

Scott Miller Brings Considerable Experience Serving on the Board of Directors of Numerous Public Companies Listed on Nasdaq, American Stock Exchange, and New York Stock Exchange

SCOTTSDALE, Ariz., July 23 -- Automotive Capital Group, Inc. today announced the appointment of the companies new CEO/President, Scott Miller.

Over the past 10 years Scott Miller has managed or co-managed over $1 billion of public company financings and transactions, including public offerings and private placements of equity and debt securities, leveraged buyouts, acquisitions divestitures and corporate turnarounds. Prior to joining the Company Mr. Miller was Managing Director of Beacon Capital Partners, LLC where he managed over $200 million of distressed corporate transactions wherein he gained considerable experience in corporate management. Mr. Miller has served on the board of directors of numerous public companies listed on Nasdaq, the American Stock Exchange and New York Stock Exchange.

One goal of the company is to increase shareholder value and move off the Pink sheet Markets to the American Exchange (AMEX.) The company announced this week the completion of the company's independent financial audit.

Automotive Capital Group, Inc. was established as a publicly traded automotive holding company seeking investment opportunities in all aspects of the automotive retailing business.