EXHIBIT 99.1

              RCG Appoints K. Wesley M. Jones to Board of Directors


CHARLOTTE,  NC -  APRIL  20,  2004 - RCG  Companies  Incorporated  (AMEX:  RCG),
announced  today the  addition of K. Wesley M. Jones to its Board of  Directors.
The appointment brings the number of Board members to six.

Mr. Jones,  46, is currently the managing partner of  Charlotte-based  Five Oaks
Capital  Partners,  LLC,  which he founded in 2001.  Prior to founding Five Oaks
Capital  Partners,  LLC, Mr. Jones was employed by  Charlotte-based  First Union
Corp.  (now Wachovia Corp.) for  approximately  ten years,  eventually  becoming
managing  director of the fixed  income  trading  department  and First  Union's
Conduit  Programs.  Prior to working at First Union,  Mr. Jones served as Senior
Vice President with Interstate Securities. Mr. Jones began his investment career
in the investment banking group of Union Planters Corp. in 1982.

Mr.  Jones is a Board member and  investor in Newgame  Communications,  Inc. and
Ocean Broadcasting  Inc., as well as the managing member of Shetland  Investment
Group,  LLC. Mr. Jones  attended the  University of Tennessee and the College of
Engineering at the University of Memphis.

Commenting  on the  appointment,  Michael  D.  Pruitt,  CEO of RCG  stated,  "We
continue  to build  and  strengthen  the RCG  Board  of  Directors.  Wes  brings
expertise and  wherewithal to the Board in the area of finance.  Wes is a valued
shareholder and acted as a facilitator and participant in the recently announced
$2 million  credit  facility.  We look forward to his active  involvement on our
Board as RCG continues to position itself for future growth and profitability."

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  SunTrips(TM) and
Vacation  Express(TM)  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.


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