Automotive Capital Group, Inc. Offers Shareholder Update

PHOENIX, Oct. 6, 2004 -- The past thirty days have been an exciting time for Automotive Capital Group, Inc. and we believe this is a good time to update our shareholders. There have been many important and exciting activities taking place that provide us with the confidence that Automotive Capital Group, Inc. will move forward with an excellent chance for success, here are a few highlights.

  (1)  We acquired Navicom, Inc., maybe the most exciting company in the
       vehicle tracking market today.  Navicom uses GPS technology to track
       vehicles 24/7.   Not nearly as limited as our competition, our unit
       covers 98% of North America and Mexico.  And unlike our competitors,
       Navicom customers track their vehicles via the Internet, making it
       the most user-friendly system available. That's great, but can we
       sell the units?  Well, since we acquired the company we have
       increased the number of units in operation by almost 40%, and that's
       in just 30 days.  We think we're just scratching the surface right
       now, and we expect tremendous things from Navicom.

  (2)  We acquired two buy-here-pay-here lots in the greater Phoenix area.
       The lots have great exposure and have proved to be strong sellers.
       Our intent is to double monthly sales within the next twelve months.
       How will we do that? We have been remodeling the lots to match our
       corporate identity, began sales training procedures, established
       additional wholesaler relationships, added new product lines and
       initiated our new Web sites (more on that later).

  (3)  We're building a management team and Board of Directors that
       reflects our "Build Shareholder Value" approach.  Our board members
       have over 70 years combined experience in the auto industry.  Our
       management team has considerable operating and finance experience.
       We're shareholders along with you, and are dedicated to building the
       value for you and our investment.

  (4)  We're formalizing our shareholder reporting systems to effectively
       communicate to you and the capital markets.

  (5)  We have created not one, but three Web sites. See what we're doing
       by visiting http://www.nowauto.com/, http://www.nowgps.com/, or
       http://www.autocapitalgroup.com/. Very soon we will be adding
       http://www.pezgordo.com/ for our Spanish-speaking customers. Now
       customers can review our inventory, select a vehicle and apply for
       financing over the Web.  We believe this is an industry first.

  (6)  We have begun development of our next generation of portable Navicom
       tracking unit, seeking to increase battery life and make the unit
       easier to attach to the vehicle. We believe this could significantly
       expand our customer base for the Navicom portable units.

  (7)  We remain on track for filing the paperwork necessary to become a
       fully reporting public company (form-10) within this fourth quarter.
       This of course aligns with our Build Shareholder Value mission by
       providing timely financial and operating performance results to you
       and the capital markets.

The accomplishments above hopefully show that we are a fast growing business with plenty of opportunities. The Company will be providing these updates from time to time so keep this letter as a reference point and see how we're doing in reaching our goals.

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.

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