Capital City Energy Group Appoints David A. Tenwick to its Board of Directors

Wed Aug 27, 8:16 AM

COLUMBUS, Ohio--(BUSINESS WIRE)--Capital City Energy Group, Inc. (OTCBB: CETG) announced today that it has appointed David A. Tenwick to its Board of Directors. Mr. Tenwick is currently the Chairman of Adcare Health Systems, Inc. (AMEX: ADK), a long-term care, home care and management company, an attorney and was the co-founder of a publicly-traded energy company that invested in oil and gas properties.

Mr. Tenwick founded Adcare Health Systems in 1991. Prior to founding Adcare, he was an independent business consultant from 1982 to 1990, where he served as a director and an officer of several businesses, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company. From 1967 until 1982, Mr. Tenwick was a co-founder and director of Nucorp Energy, Inc., a publicly-traded energy company that invested in oil and gas properties and commercial and residential real estate. Prior to founding Nucorp, he was an enforcement attorney for the United States Securities and Exchange Commission.

I am pleased that Dave has accepted an appointment to our Board of Directors, said Timothy W. Crawford, Capital City Energy Groups Chief Executive Officer. He has extensive experience as a director of small publicly-traded companies, and the expertise of investing in oil and gas properties, which will benefit Capital City Energy Group as it develops its own properties and grows through acquisition.

Mr. Tenwick is a member of the Ohio State Bar Association and was a founding member of the Ohio Assisted Living Association, an association that promotes high quality assisted living throughout the State of Ohio. Mr. Tenwick earned his Bachelor of Business Administration (BBA) and Juris Doctor (JD) degrees from the University of Cincinnati.

About Capital City Energy Group, Inc.

Based in Columbus, Ohio, Capital City Energy Group is a diversified oil and natural gas company with three separate divisions. Capital City Energy Group is evolving from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

"Investing in America's Energy Future"

Visit Capital City Energy Group at www.capcityenergy.com.

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our energy funds, along with Capital City Energy Group's filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "could," "might," "believes," "seeks," "estimates" or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Capital City Energy Group, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Capital City Energy Group, Inc. undertakes no specific obligation or intention to update these statements after the date of this release.

CEOcast, Inc. for Capital City Energy Group, Inc.
Daniel Schustack, 212-732-4300