Capital Growth Systems, Inc.(fka CGSYQ)

[hedge_fun]

Dan resigned.....LINK!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7949727

Item 5.02 Departure of Directors or Certain Officers, Appointment of Certain Officers.

Effective as of the closing of the Asset Purchase Agreement on May 16, 2011, the resignations of the following officers and directors of the Company were effective: Patrick C. Shutt (CEO and Director); George King (Director); Charles Wright (Director); Jeremy Cooke (Director); Kenneth Napier (Director); Bradford Higgins (Director); Dan Kardatzke (Chief Financial Officer, VP and Treasurer) and Jack Lodge (Secretary). The sole remaining directors of the Company presently are Robert Pollan and Christopher Hoyle. None of the resigning officers or directors provided any notification of any disagreement with the policies or actions of the Company in connection with their resignation. In addition, effective May 16, 2011, James Butala was appointed as Chief Administrative Officer of the Company, with authority comparable to that of a chief executive officer.