Global Capacity and Vero Systems Enter Agreement to Provide Customers Comprehensive Network Optimization Solutions

Companies Team Up to Offer Cost-Management Solutions for Both Fixed Network and Variable Switched Access

Chicago and Atlanta (August 20, 2007) - Global Capacity, Inc. (parent: Capital Growth Systems, Inc. - OTC: CGSY.OB), the telecommunications industry's first logistics company, and Vero Systems, Inc., an industry leader in voice switched access cost management, jointly announced today they have entered a teaming agreement to market complementary network optimization solutions to carriers and systems integrators worldwide. Company executives are launching the cross-selling initiative in response to customer requests for cost-reduction/efficiency-enhancing optimization solutions that address both of their biggest network cost drivers.

Global Capacity leverages a fully integrated supply chain management system, including a comprehensive telecommunications knowledgebase continually updated with global telecom supply and pricing data mined from thousands of public and private sources. This global information engine provides the market intelligence needed to provide network optimization solutions, physical and financial, that substantially lower costs and improve network efficiency. Vero Systems offers a unique set of software solutions and professional services that provide unmatched financial visibility and the tools necessary to directly manage voice traffic and variable costs. Independently, the two companies currently provide services to some of the world's largest network operators and systems integrators.

"This is a great opportunity for both companies to cross-sell existing customers with synergistic services," said Mark Dickey, senior vice president of strategic networks for Global Capacity. "Global Capacity eliminates costs and complexities at the access layer, while Vero does the same thing at the switch level. Based on previous experience, our solutions can help customers realize a potential savings in excess of 20 percent on total network access costs."

Customers will have the dual benefit of optimally routed traffic delivered over an optimally designed network, according to David King, president of Vero Systems. "Aligning with proven professionals with multi-disciplinary technical expertise is critical when it comes to facility grooming, network management and voice traffic route optimization services. These are core business functions for clients and it takes the right people from the right companies to earn the confidence of network operators. By teaming up, we can facilitate high-level conversations with key client contacts that lead to new business and shortened sales cycles. For our customers, the partnership offers a clear path to significant operating cost reductions of both physical networks and the voice traffic that rides over them."

About Global Capacity
Global Capacity is the operating arm of Capital Growth Systems, Inc. (OTC: CGSY.OB). The telecom logistics company provides a fully integrated 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; Minneapolis, MN; Austin, TX and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact 866.226.4244.

About Vero Systems
Vero Systems, based in Howell, NJ, is a global provider of margin management products and services for the wireline, wireless, cable and VoIP service provider. Vero's flagship Acuité solution provides detailed visibility into network costs combined with automated switch updates that enable optimal cost routing, allowing service providers to intelligently and actively control their network costs. With more than 25 customers worldwide, Vero is the dominant player in the margin management space and is a trusted partner across the tier 1 & 2 wireline, wireless, cable and VoIP carrier market. Vero has offices in Howell, NJ, Atlanta, GA, Columbus, OH and Thousand Oaks, CA.
For more information, please visit www.verosystems.com.

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 the 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; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; 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-QSB 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.

Contacts:

Global Capacity, Inc
Mark Dickey
Senior Vice President Strategic Networks
312.893.5472

Vero Systems, Inc.
David King
President
404.949.1030