Canterbury Notified by Nasdaq of Possible Delisting.

MEDFORD, N.J. -- Canterbury Consulting Group, Inc. (NASDAQ:CITI) reported today that on June 23, 2004 the Nasdaq Stock Market notified Canterbury that the bid price of the Company's common stock had closed below the minimum requirement for continued inclusion under Marketplace Rule #4310 (c)(4), and that in accordance with Marketplace Rule #4310 (c)(8)(D), the Company must regain compliance or be delisted. The letter related to a bid price deficiency, and no other issues were identified.

Canterbury has filed a Form 8-K with the Securities and Exchange Commission relating to this event and has attached the June 23, 2004 letter from Nasdaq which delineates all of the details relating to Nasdaq's decision. This filing may be accessed in its entirety on the internet at www.sec.gov or by contacting the Company.

This press release contains forward-looking statements. The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to general financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time, as well as more specific risks and uncertainties such as those set forth in documents filed by the Company with the SEC (including its Annual Report on Form 10-K for the year ended November 30, 2003 and its most recent reports on Form 8-K and Form 10-Q, copies of which are available upon request or over the Internet at www.sec.gov). Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. Furthermore, the Company has no intent, and disclaims any obligation, to update any such factors or forward-looking statements to reflect future events or developments.