EXHIBIT 99.1


               RCG Companies Announces Sale of Vacation Express(R)

Charlotte, NC - December 13, 2004 - RCG Companies Incorporated (AMEX: RCG)
announced today that it has sold substantially all of the assets of its Vacation
Express(R) subsidiary for the assumption by the purchaser of $8 million in
existing liabilities and certain other considerations. RCG remains fully
committed to own and operate its SunTrips(R) subsidiary, which is a critical
component of its future growth. SunTrips will continue its strong and committed
relationship with My Travel Canada, which will continue to negotiate hotel rates
on SunTrips' behalf.

Commenting on the announcement, Michael D. Pruitt, Chief Executive Officer of
RCG, stated, "The sale of Vacation Express allows RCG to focus on the assets
that management and the Board of Directors believe will maximize shareholder
value--SunTrips and 1800CheapSeats, which RCG currently has an agreement to
acquire. Moreover, the sale substantially reduces our overall operating risk by
eliminating the load-factor risk inherent in the charter-airline business."

Mr. Pruitt continued, "The sale is a continuation of our strategy shift toward a
focus on our SunTrips subsidiary coupled with an online presence in the travel
industry, which will come through our pending purchase of 1800CheapSeats and our
launch of SunTrips.com, planned for the first quarter of calendar year 2005."

RCG recently announced it signed an agreement to acquire 100% of the outstanding
shares of stock of Farequest Holdings, Inc., which owns and operates one of the
leading online travel companies, 1800CheapSeats (www.1800cheapseats.com).
Approximately 70% of 1800CheapSeats' business is generated online.
1800CheapSeats will serve as an additional sales and distribution outlet for
SunTrips' leisure-tours business, complimenting its historical distribution
through its network of independent travel agents throughout the United States.
1800CheapSeats will also have the opportunity to substantially expand its own
operations by being able to package RCG's hotel inventory with 1800CheapSeats
existing air-travel contracts.

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, SunTrips(R)
(www.suntrips.com), which delivers leisure and vacation-travel packages. 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 and that the
Company may not realize anticipated cost savings or revenue-growth opportunities
associated with restructuring certain operational and financial policies,
procedures and contracts of SunTrips(R). Additionally, forward-looking
statements concerning the performance of the travel and leisure industry are
based on current market conditions and risks, which may change as the result of
certain regulatory, political or economic events, a shift in consumer travel
preferences, 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.

This material is not a substitute for the proxy statement/prospectus that RCG
Companies Incorporated will file with the Securities and Exchange Commission.
Investors are urged to read that document when it is available because it will
contain important information, including detailed risk factors. The proxy
statement/prospectus and other important documents to be filed by RCG will be
available free of charge at the SEC's Web site (www.sec.gov) and from RCG. RCG,
its directors and certain of its executive officers may be considered
participants in the solicitation of proxies in connection with the merger.
Information concerning RCG's directors and executive officers can be found in
the documents filed by RCG with the SEC. Certain directors and executive
officers of RCG may have direct or indirect interests in the merger. Additional
information regarding the participants will be contained in the proxy
statement/prospectus.

Investor Contact:
Robert B. Prag, President
The Del Mar Consulting Group, Inc.
(858) 794-9500
bprag@delmarconsulting.com