Global Capacity Announces International Success with 'GCPrice'

LONDON, and LISBON, Portugal, Oct. 30 /PRNewswire-FirstCall/ -- Global Capacity (parent: Capital Growth Systems, Inc. (OTC Bulletin Board: CGSY)), the world's leading telecommunications information and logistics company, today announced the initial successful results of last week's launch of GCPrice, the global source for automated tariff pricing information.

GCPrice is the newest product in Global Capacity's portfolio of SAAS (software as a service) applications. It accelerates the sales cycle with accurate pricing and automated quotes. GCPrice also improves margins by reducing back-office cost per quote.

Global Capacity is capturing the attention of the telecommunications market with GCPrice. Within nine days of its launch, 15 companies and regulators have subscribed to GCPrice and others have given verbal intentions to commit.

"In such a complex environment where there is little pricing visibility, the telecommunications market needs a source of global pricing information that is easy to use, accurate and cost effective," said Elisabeth Simao, Vice President and Director of Knowledge Management at Global Capacity.

GCPrice also has created impact in the global media. "Just nine days after the launch of GCPrice, we have garnered significant attention for this innovative model from prospective customers, analysts and media all over the world," said George King, Vice Chairman and President of Global Capacity. GCPrice media

Interest in GCPrice is global. New subscribers are from Belgium, Germany, Poland, Qatar, Singapore, United Kingdom and the United States. GCPrice has new subscribers from three continents: Asia, Europe and North America.

"Global Capacity's reach with GCPrice is a demonstration of our global capabilities," Simao noted. "Our multilingual team has developed relationships around the world which support our knowledge engine. GCPrice is a globally accepted application by telecommunication companies, regulators and enterprises." GCPrice empowers customers to be more competitive in the market place and accelerates a cost effective quotation process.

About Global Capacity
Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom information and logistics company providing a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity is headquartered in Chicago, IL, with operational centers in Waltham, MA and Manchester, England; and with offices in Houston, TX; Glastonbury, CT; New York, NY; London, England; and Lisbon, Portugal. For more information, please visit http://www.globalcapacity.com.

Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.

Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as: the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business. For further information on factors which could impact the Company and its subsidiaries and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.