Canterbury Plans to Deregister Its Common Stock and Delist from the OTC Bulletin Board.

MEDFORD, N.J. -- Canterbury Consulting Group, Inc. (OTC Bulletin Board:CITI.OB) announced today that on June 6, 2005 it intends to file with the Securities and Exchange Commission a Certification and Notice of Termination under Section 12(G). That filing will automatically suspend the Company's obligation to file reports with the Securities and Exchange Commission. As a result of the filing, Canterbury's common stock will be delisted from the OTC Bulletin Board. Market makers will still be able to post quotes for Canterbury's shares on the Pink Sheets.

Kevin J. McAndrew, Canterbury's President, was quoted as saying, "Our Board of Directors has decided to deregister our common stock because the costs associated with remaining a registered public company have become exorbitant. Public companies, like Canterbury, are subject to increasing financial, disclosure and corporate governance costs in light of the regulatory environment following the Sarbanes-Oxley Act of 2002. We have estimated that it costs our Company well over $200,000 per year to remain a registered public company, from which we derive very little benefit at a time in our history in which we are trying to return to profitability."

Canterbury intends to file its Form 10-K for the fiscal year 2004 and its 10-Q for the first fiscal quarter of 2005 by June 3, 2005.

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.