Harbourton Capital Group, Inc. Announces Agreement to Purchase Molton, Allen & Williams Mortgage Company, LLC.

MCLEAN, Va. -- Harbourton Capital Group, Inc. ("Harbourton" or the "Company") (OTC:HBTC) today announced a definitive agreement to purchase all of the outstanding membership interests of Molton Allen & Williams Mortgage Company, LLC ("MAW"), headquartered in Fairfax Virginia, with additional facilities in Birmingham, Alabama. After it acquires all the membership interests in MAW, Harbourton intends to merge MAW with and into a wholly owned subsidiary, Harbourton Mortgage Investment Corporation, ("HMIC"). The transaction, which is subject to Harbourton's completion of due diligence, receipt of regulatory approvals and other customary conditions, is expected to close in the third quarter.

President and CEO of Harbourton, J. Kenneth McLendon stated, "The ability of the combined companies to offer a full range of mortgage programs covering the entire credit spectrum, including conforming and non-conforming loan products through branch origination and operations facilities in California, Virginia and Alabama, will provide significant new opportunities for growth. There are great synergies between the two entities with little overlap in products, sales infrastructure and technology. Currently, each company will continue operations as distinct divisions, but the full array of products will be offered to support the needs of each respective client base as soon as possible after we close."

HMIC, founded in 2001, is licensed in 43 states and services it clients through full service branches in California and Virginia. HMIC, a national Alt-B, Alt-A and Sub-prime wholesale mortgage lender originated $785 million in loans during the past twelve months.

HMIC is in the initial rollout of "HELPS"(Harbourton's Electronic Loan Processing Solution), which features its proprietary Automated Underwriting System (AUS) and broker portal designed to bring efficiency and consistency to loan underwriting and provide clients new levels of customer service and convenience. Additional information on HMIC may be found on their website http://www.hmic.com.

MAW, a privately held mortgage banking company, originated $671 million in production over the last twelve months, focusing on agency paper to FHLMC, FNMA and FHA/VA. For over 100 years, Maw's mission has been to provide various loan products to its clients to enable them to provide the best home financing for the consumer. More information on MAW is available on our website http://www.mawmortgage.com/

Harbourton is a holding company for two financial service businesses, mezzanine lending to developers and homebuilders, conducted by the Harbourton Financial Corporation, and mortgage banking through HMIC. HFC's primary business is providing project financing to builders and developers of residential, for sale projects. The loans include financing for acquisition, development and construction of residential single-family homes, townhouses, and condominiums.

This press release may contain various "forward-looking statements," within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that represent the Company's expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include the risk that the acquisition may not be completed or, if completed, may not produce the results anticipated.