Capital Growth Systems, Inc.(fka CGSYQ)

[hedge_fun]

From Dan Kardatzke...........

"[e-mail]" <[e-mail]>

dateMon, Mar 28, 2011 at 7:14 PM
subjectRE: Pivotal Group's majority ownership of shares
mailed-byglobalcapacity.com

As announced on February 1st, 2011, the sale of substantially all the assets of Capital Growth Systems d/b/a Global Capacity to Pivotal Group has been approved by the Bankruptcy Court of Delaware. The company is now moving forward with the regulatory approval process and expects to exit bankruptcy by May 31st, 2011. Also as announced, the Company will emerge as a privately held company with no debt and positive monthly cash flow operations.

This announcement has resulted in a number of investors inquiring as to the status of their shares in Capital Growth Systems that are held today. The structure of the transaction is such that Pivotal has only acquired the assets and the shares will remain with the estate. As we work towards the structure of the wind down of the estate, more information will become available regarding the status of the CGSY shares moving forward.

At this time we do not know how the final shares and shell will be treated for CGSY.