Asset Capital Group, Inc. Acquires Bio-Remediation Company.

HUNTINGTON BEACH, Calif. -- Asset Capital Group, Inc. (Pink Sheets:ACGU) announced today that it has completed a transaction whereby it has acquired all of the assets of American Bio-Clean Corporation, a leading supplier of non-toxic industrial cleaning products and equipment to the United States Department of Defense. Asset Capital Group also acquired a minority ownership interest in American Bio-Clean Corporation (ABC) which will operate as a Service Disabled Veteran Owned Business - SDVOB.

ABC has been a long-time supplier of environmentally-safe products to the U.S. Military for use in cleaning weapons, from small hand arms to aircraft-mounted artillery. Its bio-remedial fluid products and supporting equipment utilize natural microbes and enzymes to provide an environmentally-safe method for U.S. troops and support squadrons to maintain the optimum functionality of their high-tech weaponry.

Through an operating agreement, ABC will market and distribute the fluids and equipment on behalf of Asset Capital Group's subsidiary company, American Bio-Tech Cleaning, Inc.

About Asset Capital Group, Inc.

Asset Capital Group, Inc. will focus upon locating and investing in small-to-medium sized, profitable enterprises with promising growth potential. The Company intends to focus upon companies in a wide range of categories, with particular focus upon entities engaged in the manufacture and/or distribution of environmentally-safe products and services.

Statements in this Press Release may be forward-looking statements, pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Forward looking statements are based on expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. They involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release. Any communications received by fax or e-mail concerning Asset Capital Group, Inc. which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.