CHICAGO, Nov. 23 /PRNewswire-FirstCall/ -- Global Capacity, Inc. (OTC Bulletin Board: CGSY), the world's leading telecommunications information and logistics company, today announced that it has signed a major agreement with a large European international Carrier to supply network optimisation consultancy and novation services.

"Global Capacity is uniquely placed with our strong information base and automated systems to enable us to achieve significant revenue and cost reduction benefit to customers across the globe," said Nigel Meacham, Managing Director of Information Systems for Global Capacity. "Our demonstrated ability to help customers reduce the cost and improve the efficiency of their access networks has never been more important than right now in this economic environment, and we are delighted to include this major carrier in an increasing list of customers who place their trust in us to help them achieve their cost reduction objectives."

Global Capacity leverages a one of a kind global information base of telecom supply and pricing data to enable clients to reduce cost, improve efficiency, and simplify operations of their access networks globally. The Company goes to market with two product lines: Strategic Sourcing Solutions; Software as a Service including the "GCPrice" web-based tool and Optimization Solutions.

About Global Capacity

Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom information and logistics company providing a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity is headquartered in Chicago, IL, with operational centers in Waltham, MA and Manchester, England; and offices in Houston, TX; Glastonbury, CT; 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; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; 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-K, quarterly reports on Form 10-Q, 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.

SOURCE Global Capacity, Inc.