RocketCity (RCAU) Releases Mid-Year Update to Shareholders on Company Operations and Financial Status. Information Regarding Pending Acquisitions, Con

ORLANDO, Fla. (BusinessWire EON) July 16, 2007 -- "In a day and age in where countless companies take advantage of shareholder and public support in an effort to manipulate and sell stock, it is of utmost importance to me and the rest of the members of our organization to be entirely transparent in the status of our company's operations," explains Jeff Roman, CEO and President of RocketCity. "Furthermore, it is critical that those who attempt to undermine our operations through illegal naked-short selling and promotion are leaving themselves open to legal action sought against them by our legal counsel. I am excited to bring these updates out to the public and welcome any dialogue with shareholders. The progress that we have made throughout the first half of 2007 has set the stage for the Company to capitalize on the opportunities that have presented themselves."

The Mid-Year Update will include comprehensive information regarding the following areas:

-- Company Overview and History

-- Operational Update

-- Product Development

-- Acquisition and Partnership Opportunities

-- Financial Overview

The Mid-Year Update is available via link within the press release and will also be made available on the Company's website at www.RCAU.com.

About Rocket City Automotive Group, Inc.:

CompleteAuto, a subsidiary of Rocket City Automotive Group, Inc. (Pink Sheets:RCAU) offers proprietary software, personnel and design solutions to hundreds of automotive dealerships around the country. CompleteAuto is a wholly owned subsidiary of RocketCity which was formed to acquire, manage, supervise and operate corporations specializing in auction services, eCommerce, software development and retail automotive operations.

CompleteAuto and RocketCity believe there are enormous growth opportunities in the $1 trillion automotive retailing industry. The experienced management team will continue to execute strategic initiatives to maximize operations in this marketplace with their products and services. Visit them on the web at www.RCAU.com to learn more.

Learn more about Complete Auto by visiting: www.completeauto.com

Disclaimer:

Cautionary Statement about Forward-Looking Statements

This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.