Automotive Capital Group Agrees to Acquire Colfax Financial

Colfax has Been Profitable for 10-Years Financing Over $5 Million in Loans Annually with an Interest Rate of 29.9%

Merger Would Give AOCP .62 per Share in Cash Flowing Assets

SCOTTSDALE, Ariz., July 26 -- Automotive Capital Group today announced plans to acquire 10-year old Colfax Financial located Phoenix, Arizona. Colfax Financial has two automotive sales lots located in Phoenix and Tucson. The company currently sells and finances upwards of 100 cars each month at an average price of $8,000 per car. Colfax Financial also offers financing for other automotive dealers. Since conventional banks have ignored the sub-prime auto market, Colfax has focused on this market and made a very successful business out of it.

Automotive Capital Group has the ability with Colfax to sell $800,000 to $2,000,000 in automobile sales each month. These figures are based on the sales of their current lots without expansion. Automotive Capital Group will finance every car with rates of 29.9% to 35% depending on the buyer's credit and job.

Automotive Capital Group, Inc. will also be launching an E-commerce website to sell vehicles online across the country. The new websites will be available in both English and Spanish and allow buyers to buy an automobile, get financing, and purchase instant insurance coverage via the web. The launch of the new website is expected in mid-August. This website is believed to be one of the first 'Buy-here-pay-here' or as the company calls it, 'Click-Here-Pay-Here' e-auto lots.

Navicom, Opens GPS eBay Store

Automotive Capital Group also announced the opening of an eBay Store to further market the soon to be acquired division. NAVICOM's goal is to become the market leader of wireless security/anti theft solutions using Global Positioning System (GPS) technology for automobile, motorcycle, motor-home, and trucking companies.

Navicom GPS will offer finance companies asset collateral monitoring devices for the $25 billion dollar sub-prime automobile market. These solutions include automobile tracking, auto disable/enable capability through Internet, and point and click auto repossession. The company's website is www.NOWGPS.com and www.GPSStation.com.

The company announced last Friday the appointment of new CEO/President, Scott Miller. Over the past 10 years Scott Miller, CEO has managed over $1 billion of 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.

With this acquisition, the company plans to file for the American Exchange (AMEX). The company has completed the financial audit of Automotive Capital Group, Inc. and the company is in the process of preparing and filing the form-10.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.

We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.