Global Capacity Changes Stock Symbol and Exchange

CHICAGO, June 29 /PRNewswire-FirstCall/ -- Global Capacity, Inc. (parent:
Capital Growth Systems, Inc. (OTC Pink Sheets: CGSY)), the world's leading
telecommunications information and logistics company, today announced that the
Company's stock has moved to the Pink Sheets pending completion of the
Company's annual 10-K filing for 2008, its 10-Q filing for the first quarter
of 2009 and reinstatement of its common stock for trading on the OTC Bulletin
Board. The stock is currently trading under the ticker symbol CGSY.PK.

As previously announced in its Form 8-K filings with the SEC, the Company has
been delayed in filing financial reports pending completion of its 2008 audit.
The Company's change in independent registered public accountants and the
complexity of the technical accounting treatment required with respect to the
embedded derivatives resulting from the sophisticated financial instruments
used in several of the Company's financing transactions were factors in the
delay, which has resulted in the suspension of trading from the OTC Bulletin
Board. Completion of the audit and filing of financials with the SEC is
expected during July, at which point the Company plans to apply for
reinstatement of trading of its common stock on the OTC Bulletin Board.

More information can be found in the FAQ on the Investor Relations section of
the Company's website, www.globalcapacity.com.

About Global Capacity

Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom
information and logistics company providing a fully-integrated
telecommunications supply chain management system that streamlines and
accelerates the process of designing, pricing, building, optimizing, and
managing customized communications networks. It offers a comprehensive suite
of services to enterprises, systems integrators, and carrier customers
worldwide. Global Capacity is headquartered in Chicago, IL, with operational
centers in Waltham, MA and Manchester, England; and offices in Houston, TX;
Glastonbury, CT; New York, NY; 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 (including but not limited to the risk of timing on completion
and filing of the Company's Form 10-K for 2008 and Form 10-Q for the period
ended March 31, 2009, and the risk of reinstatement for trading of the
Company's common stock on the OTC Bulletin Board) 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-QS, 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.

SOURCE Global Capacity, Inc.

Customers, Partners: Jack Lodge, Chief Operating Officer of Global Capacity,
Inc., +1-781-902-5196, jlodge@globalcapacity.com; or Media, Analysts: Matt
Rizzetta, matt@dukaspr.com, or Todd Barrish, both of Dukas Public Relations,
+1-212-704-7385, for Global Capacity, Inc.; or Investors: Jeff Salzwedel of
Salzwedel Financial Communications, Inc., +1-503-722-7300, jeff@sfcinc.com,
for Global Capacity, Inc.