EXHIBIT 99.1

                    RCG APPOINTS NEW INDEPENDENT ACCOUNTANTS

Charlotte,  NC-- April 2, 2004--RCG Companies  Incorporated  ("RCG",  AMEX: RCG)
today  announced that it has named BDO Seidman,  LLP ("BDO") as its  independent
accountants.   The  Audit  Committee  of  RCG's  Board  of  Directors  made  the
appointment  following a  comprehensive  evaluation of requested  proposals from
auditors  with proven  abilities to serve public  companies in the growth stage.
BDO is one of the top  accounting  firms in the U.S.  with more than 90 years of
expertise providing services to growing companies.

"RCG demands an  assurance  team with an in-depth  understanding  of complex SEC
reporting  requirements,  and BDO clearly meets that demand," stated Bill Hodge,
RCG's Chief Financial  Officer.  "We look forward to working with BDO as our new
independent accountants."

BDO will replace  Dixon  Hughes PLLC  (formerly  Crisp  Hughes  Evans LLP).  The
decision to change auditors was not caused by any  disagreement  between RCG and
Dixon Hughes on any matter of  accounting  principles  or  practices,  financial
statement disclosure, or auditing scope or procedure.

About RCG Companies Incorporated

RCG Companies  Incorporated  (www.rcgcompanies.com)  is focused on delivering to
its  shareholders  rapidly growing,  relatively  low-risk  revenues,  along with
increasing  earnings  per share.  The majority of RCG's  revenues are  currently
derived from its wholly  owned travel  service  organization,  Flightserv,  Inc.
which  delivers  leisure and vacation  travel  packages under the SunTripsTM and
Vacation ExpressTM brands, together making Flightserv one of the largest leisure
travel  tour  operators  in the  United  States.  RCG is  also  involved  in the
technology  services  sector through its wholly owned  software and  information
technology services segment, Logisoft Corp.

Statements in this news release about  anticipated or expected future revenue or
growth  or  expressions  of future  goals or  objectives,  including  statements
regarding  whether  current plans to grow and strengthen the company's  existing
network will be  implemented or  accomplished,  are  forward-looking  statements
within the meaning of Section 21E of the  Securities  Exchange  Act of 1934,  as
amended.  All  forward-looking   statements  in  this  release  are  based  upon
information  available  to  the  Company  on  the  date  of  this  release.  Any
forward-looking  statements involve risks and uncertainties,  including the risk
that the Company will be unable to grow or strengthen  its network due to a lack
of capital or an inability to identify acquisition candidates,  as well as those
risks and  uncertainties  described in the Company's filings with the Securities
and Exchange  Commission,  that could cause  actual  events or results to differ
materially  from  the  events  or  results  described  in  the   forward-looking
statements, whether as a result of new information,  future events or otherwise.
Readers  are  cautioned  not to place undue  reliance  on these  forward-looking
statements.

Company Contact:                            Investor Contact:
Andrew Lauman                               Robert B. Prag, President
RCG Companies Incorporated                  The Del Mar Consulting Group, Inc.
(704) 366-5054 x 27                         (858) 794-9500
adl@rcgcompanies.com                        bprag@delmarconsulting.com