Capital City Energy Group, Inc. (CETG.OB) is a growing oil and natural gas company operating with three divisions. The company is focused on finding opportunities for growth through drilling, operating, well service companies, acquisitions and fund management. The company’s three operating subsidiaries are Avanti Energy Partners, Eastern Well Services, and Capital City Petroleum.

Avanti Energy Partners offers investors an opportunity to capitalize on the growing demand for precious commodities through Capital City Energy Funds and other direct participation programs. Avanti’s primary purpose is to establish and manage funds for investors. The company also works with other joint venture partners in energy properties to make intelligent risk-and-reward decisions while meeting high economic goals.

The Capital City Petroleum subsidiary manages the operations that occur in the post-production phase through the point of sale. Their focus is to utilize opportunities related to stranded reserves, transportation requirements and high grading of product to be delivered.

Capital City

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Capital City Energy Group Inc. (CETG.OB) is a rapidly expanding energy company. The company’s strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. The company has named their strategy the “Triad” business model which consists of: fund management, principal investments, and strategic acquisitions of energy related companies.

Capital City Energy recently announced results from an independent reserve report conducted by a leading petroleum engineering company, James Engineering, Inc. The aim of the report was to value the company’s proven oil and gas reserves. The report concluded that the value of the company’s reserves increased by nearly 50% during the 2nd quarter of 2008. The evaluation was conducted on the company’s 178 producing properties located in 14 states.

Capital City Energy CEO Timothy W. Crawford said, ” are pleased that

Capital City Energy Group Incorporated, a Columbus, Ohio based company focused on the oil and natural gas industry, has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. In order to pursue this strategy Capital City has employed a “Triad” business model which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy related companies.

The Triad business model employed by Capital City Energy is helping them vertically integrate several aspects of the oil business through well time and thought-out strategic acquisitions. Targets of interest for the company are complementary businesses such as well operators, drillers, pipelines, energy

Capital City Energy Group Inc. (CETG.OB), a diversified oil and natural gas company, is pleased to announce that it has appointed David Tenwick to its Board of Directors. Tenwick brings about 15 years of experience in the energy sector, as he was a co-founder and director of Nucorp Energy, Inc. Currently, Tenwick serves as a chairman at Adcare Health Systems, Inc. (ADK), a long-term care, home care, and management company that he founded in 1991.

Tenwick attended the University of Cincinnati where he earned a Bachelor of Business Administration (BBA) and a Juris Doctor (JD) degree. He moved on to co-found the Ohio Assisted Living Association, which promotes high-quality assisted living throughout Ohio, and to become a member of the Ohio State Bar Association. In his early years, Tenwick served as an enforcement attorney for the United States Securities and Exchange Commission.

Between

Capital City Energy Group, Inc. (OTCBB: CETG) announced today that it has appointed David A. Tenwick to its Board of Directors. Mr. Tenwick is currently the Chairman of Adcare Health Systems, Inc. (AMEX: ADK - News), a long-term care, home care and management company, an attorney and was the co-founder of a publicly-traded energy company that invested in oil and gas properties.

Mr. Tenwick founded Adcare Health Systems in 1991. Prior to founding Adcare, he was an independent business consultant from 1982 to 1990, where he served as a director and an officer of several businesses, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company. From 1967 until 1982, Mr. Tenwick was a co-founder and director of Nucorp Energy, Inc., a publicly-traded energy company that invested in oil and gas properties and commercial and residential

Capital City Energy Group Incorporated is an oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. This strategy allows Capital City to run multiple operating companies as wholly-owned subsidiaries in an effort to become one of the largest and most efficient companies in the industry. While many competitors have to pay third party vendors for oil field services, Capital City has the option to go in-house and avoid the expensive and often unnecessary fees typically associated with third party interactions. Working with their subsidiaries on projects also gives them a greater degree of control over the timing and budgets of their projects.

Capital City Petroleum, Avanti Energy Partners and Eastern Well Partners are all companies that were previously acquired and now operate as wholly-owned subsidiaries of Capital City Energy Group.

Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. They call their business model a “Triad” which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy related companies. Through this business model Capital City Energy Group is ensuring their current income stream and an eventual income growth that is sustainable well into the future.

The company hopes to grow shareholder value by meeting the investment community’s need for energy opportunities. One of the main sources for this is through Capital City’s Principal Investment (PI) division. The PI division is how Capital City invests; through the deployment of their own capital in energy properties through joint ventures and partnerships with other oil and natural gas companies. Their partnerships

Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. One of the ways they continue to thrive in the market place is through strategic acquisitions of complimentary and competing businesses. The Strategic Acquisitions division of the company is dedicated to finding complementary businesses that would ensure a financial advantage to Capital City if they were acquired and incorporated into the company’s highly successful business model.

Acquisitions may be in the form of a merger, joint venture or outright purchase of a company and are typically done quickly and efficiently. Capital City Energy Group seeks out opportunities to acquire and/or collaborate with reliable oil and natural gas industry partners in all aspects of the production process. The acquisitions targeted include well operators, drillers, pipelines, energy

Capital City Energy Group, Inc. announced today that it will be hosting a conference call on Thursday, August 21, 2008 at 2:00 PM EST. Tim Crawford, Chief Executive Officer of Capital City Energy Group, as well as other executives will discuss financial results for the period ended June 30, 2008 and other related matters.

Those who wish to participate should dial 1-866-706-1343, then enter the Conference Entry Code: 652022. Those who are unable to attend the conference call at the scheduled time can listen later by dialing 1-800-332-6854 or 1-973-528-0005, then using the entry code: 652022. The digital replay will be available until September 2, 2008.

Capital City is a Columbus, Ohio based incorporation committed to growing its diverse oil and natural gas operations. The company is focused on growing a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies,