Canterbury Receives Notice of Potential Delisting.

MEDFORD, N.J. -- Canterbury Consulting Group, Inc. (NASDAQ:CITI) reported today that on September 8, 2004 the Nasdaq Stock Market notified Canterbury that "For the last 30 consecutive trading days, the Company's common stock has not maintained a minimum market value of publicly held shares of $1,000,000 as required for continued inclusion by Marketplace Rule 4310(c)(7) (the Rule)." "The Company will be provided 90 calendar days, or until December 7, 2004, to regain compliance." To regain compliance the Company's common stock held by the public must have a market value of $1,000,000 or more for a minimum of 10 consecutive trading days. "If compliance with this Rule cannot be demonstrated by December 7, 2004, (Nasdaq) Staff will provide written notification that the Company's securities will be delisted."

Canterbury has filed a Form 8-K with the Securities and Exchange Commission relating to this event and has attached as an exhibit the September 8, 2004 letter from Nasdaq which delineates 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.

On June 23, 2004 Canterbury received a separate notification from Nasdaq that the Company's common stock had closed below the minimum bid price 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 by December 20, 2004 or be delisted. The letter related to a bid price deficiency, and no other issues were identified at that time. Canterbury filed a Form 8-K with the Securities and Exchange Commission relating to this event and attached as an exhibit the June 23, 2004 letter from Nasdaq which delineated the details relating to Nasdaq's decision on this separate matter. This filing may also be accessed in its entirety on the internet at www.sec.gov or by contacting the Company.