CRSI Group, Inc. Completes Acquisition of Three Kazakhstan Oil Industry Companies; Company to Change Its Name to Caspian International Oil Corporation.

HOUSTON -- CRSI Group, Inc. (PINK SHEETS: CRSX) has completed its previously announced acquisition of three privately held oil industry companies in the Republic of Kazakhstan.

The three companies are Scientific Industrial Firm Dank (DANK), Central Geophysical Expedition (CGE) and Kor-Tazh. DANK and CGE are among the leaders in the business of seismic and topographic surveying, reservoir modeling and data processing for the oil service industry in Kazakhstan. Kor-Tazh is in the beginning stage of the exploitation and development of a 20-year production license, which it acquired in August 2004, for the 22 square kilometer Northwest Zhetybai field located in western Kazakhstan near the Caspian Sea.

Combined revenue and net income in 2005 for DANK and CGE was $21 million and $2.9 million, respectively. Their combined revenues and net income in the first quarter of 2006 was $6.1 million and $1.1 million, respectively.

Nurlan Janseitov, Chairman of the Board, said: "Caspian International Oil Company looks forward to meeting our stated objectives in oil exploitation and development. With the world's oil production in crisis mode, we are well positioned to expand our oil assets and service operations in Kazakhstan, a country that possesses enormous untapped fossil fuel reserves."

CRSX is in the process of changing its name to Caspian International Oil Corporation. It currently has over 600 employees, primarily in Kazakhstan. Its corporate and primary operational offices are located in Houston, Texas and Almaty, Kazakhstan, respectively. Additional details about the Company can be found in its recently filed Form 8-K.

Safe Harbor Statement

Statements in this release that are forward looking and involve known and unknown risks and uncertainties, which may cause CRSX actual results in future periods to be materially different from any future performance that may be suggested in this release. Such risks may include, but are not limited to, the fact that all of CRSX's assets, operations and related management are in the Republic of Kazakhstan, which could subject CRSX to certain political and other risks. Although CRSX believes the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion herein should not be regarded as a representation by CRSX or any other person that the expectations, objectives and plans of CRSX will be achieved. If these or other risk factors are realized, investors in CRSX could lose their investment.