Global Capacity Signs Outsourcing Agreement with IE Telco Solutions

Press Release 10 July 2008

Global Capacity Signs Outsourcing Agreement with IE Telco Solutions

Success of Network Optimization Offering Prompts Partnership

Global Capacity, Inc. (parent: Capital Growth Systems, Inc. - OTC: CGSY.OB), the telecommunications industry's first logistics company, announced today it has entered into an agreement with IE Telco Solutions Ltd. (IETS), Dublin based leader in data solutions. IETS will partner with Global Capacity to provide data normalization as part of Global Capacity's Network Optimization services.
"The success of communicating our logistics strategy to potential clients, which enables them to achieve savings between 20 and 40% of their existing access network costs, has been remarkable," said Patrick Shutt, Global Capacity's CEO. "The many thousands of circuits we now process through our automated systems require careful preparation and configuration in a controlled process allowing for a full audit. We believe that IETS can assist us in responding to the demand, while still meeting our strict requirements when cleansing data."
Rohan Chanmugam, CEO of IETS, added, "We will bring our global data management and telco expertise to bear through our UK and New Zealand teams to support the requirements of Global Capacity. Our ECM software has been specifically developed to carry out end to end circuit inventory management a key element of which is data normalization which we can achieve quickly and accurately from the disparate data sets obtained from clients.The Global Capacity optimization work is very innovative in the telecommunications industry and we are excited to be asked to partner with them to grow this service."
Ends

Notes to Editors:
About Information Edge Telco Solutions (IETS)
IETS, a joint venture between Descisys and Clevercoms Ltd, was established specifically to provide end to end circuit management and data cleanse services to corporates and Telcos worldwide. It brings together the data management expertise of Descisys and the Telco expertise of niche Consultancy Clevercoms.

Data normalization involves producing a clean data set for Global Capacity's netSolutions software tool. IETS's ECM software has been specifically developed to achieve this quickly and accurately using disparate data sets obtained from clients. For more information visit www.informationedge.com
and www.clevercoms.com

Contact: Maria Chanmugam, Marketing Director, Clevercoms
07976 367620 or maria@clevercoms.com

About Global Capacity
Global Capacity (OTCBB: CGSY) provides a fully-integrated telecommunications 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; Austin, TX; 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, 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.

Global Capacity Contacts:

Customers, Partners:
Jack Lodge
Chief Operating Officer
+1 781-902-5196
jlodge@globalcapacity.com

Media, Analysts:
Patrick Van de Wille
FD-Ashton Partners
+1 312-553-6704
patrick.vandewille@fdashtonpartners.com

Investors:
Jeff Salzwedel
Salzwedel Financial Communications, Inc.
+1 503-722-7300
jeff@sfcinc.com

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