2008-09-17 21:02:03 -

- Global Capacity (parent: Capital Growth Systems, Inc.) (OTCBB: CGSY), the telecommunications industry's first logistics company, today announced continued progress in organic growth activities of the Company.

The predictable revenue stream continues to emphasize new client services for both government and corporate customers through the delivery of the Company's suite of recurring revenue activities and the portfolio of recurring

customers. Benchmarking services, leveraging Global Capacity's knowledge base with respect to global pricing, are being sought by customers seeking to reduce their network spending worldwide.

Non-predictable activities, highlighted by Network Optimization activities, continue to expand into additional projects and regions. In addition to optimization projects in the United States and European Union markets, the project list recently expanded to include South America - specifically Brazil. One contracted customer project currently in the analysis phase encompasses data across 34 countries, 449 carriers, and over 340,000 circuits. The Company is in the process of reviewing all data provided by the customer as part of its Network Optimization Solutions and will be providing the customer feedback on savings as the country analysis is completed.

In addition, as a result of Global Capacity's leading logistics and optimization activities, the Company will participate for the second consecutive year as a panelist in the industry-leading Carrier Outsourcing 2008 Conference being held on October 23 and 24 in Berlin. Nigel Meacham will represent Global Capacity in the panel discussion focusing on investment appraisal of outsourcing deals. The Carrier Outsourcing 2008 Conference brings together the top global names in carrier services, business management and technologies.

Patrick Shutt, Global Capacity Chief Executive Officer, stated, "The variety of diversified customer progress and organic growth for Global Capacity continue to affirm our valuable role as a partner with our customers. Together, we are helping our customers to be more efficient in their businesses and maximize their financial performance."

About Global Capacity

Global Capacity (CGSY) provides a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, building, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity has operational centers in Waltham, MA; Manchester, England; and Houston, TX; with offices in Chicago, IL; New York, NY; Austin, TX; London, England; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the Company at 312-673-2400.

Forward-Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.

Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business. For further information on factors which could impact the Company and its subsidiaries, and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Global Capacity
Customers, Partners:
Jack Lodge
Chief Operating Officer
+1 781-902-5196
jlodge@globalcapacity.com
Media, Analysts:
Patrick Van de Wille
FD-Ashton Partners
+1 312-553-6704
patrick.vandewille@fdashtonpartners.com
Investors:
Jeff Salzwedel
Salzwedel Financial Communications, Inc.
+1 503-722-7300
jeff@sfcinc.com