Additional Revenue and Profit Outlook Offered by President and CEO of Automotive Capital Group, Inc.

SCOTTSDALE, Ariz., July 29 -- Scott Miller, President and CEO of Automobile Capital Group, Inc. stated, "Our company received phone calls and emails about the future outlook release sent out on Wednesday, July 28th. Investors wanted clarification on guidance of $0.30 EPS with a stock price of $0.45. The guidance was given to allow the company to openly discuss the future business with the general public.

"When I first met with Automotive Capital Group, Inc. it was to assist with merger negotiations of Navicom Inc. and Colfax Financial, a company that has been profitable for 10 years. Once I saw the business and its future possibilities, my interest changed from an advisor to join the company to help assist with growth.

"The business model is unlike many in the sub-prime automobile finance industry because the use of Navicom GPS technology which eliminates a great deal of the risk. The numbers provided yesterday (2005 EPS $0.30 and $5,000,000 in assets) are in line with the company's current day-to-day business sales and operations. The company's goal is to improve the current sale of 100 cars each month for an average price of $8,000 per car to 200 autos per month of an average sale price of $10,000 per auto. These sales are based on an increase in automobile assets without infrastructure expansion. The true value of the company is the infrastructure already built to sell 200 plus autos each month. We will be actively marketing our programs through eBay Motors, online advertising, and our new automobile website in Spanish and English. The website will offer `click-here-to-buy-here' options and is expected to launch early next month. The company also believes it is one of the first to offer this concept online.

"I do not intend to keep AOCP on the Pink Sheet Exchange because I do not feel we will ever get a fair valuation. This is evident with our future outlook price and valuation above our current stock price. However, I will publicly say with confidence that our Business Outlook looks very strong and we stand behind our guidance. It is important that shareholders understand this is a real company with real revenues and true profits. We have plans to cut costs and increase sales immediately. With automobile sales expected to exceed the Q3 sales target, we believe the company is well positioned for a strong start to fiscal year 2005."

Business Outlook

Automobile Capital Group, Inc. provided guidance for fiscal 2005 indicating that it currently targets revenue in a range of $8 to $10 million with earnings of $0.30 per diluted share.

The company invites interested individuals to stop by our auto lots located in Mesa and Tucson, or the corporate offices in Scottsdale, AZ.

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. The guidance above is depended on closing merger/acquisition of the above listed companies.

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