Boo Koo Beverages, Inc. Becomes Public Company Through Merger with Captech Financial and Completes $7.5 Million Private Placement

Rapidly Growing Beverage Company To Trade on OTC Bulletin Board Under Stock Symbol: CPFG.OB ADDISON, Texas, Aug. 2 /PRNewswire-FirstCall/ -- Boo Koo Beverages,Inc. (OTC Bulletin Board: CPFG) today announced that it has completed amerger with Captech Financial Group, a publicly traded company. Based inAddison, Texas, Boo Koo produces and distributes a line of innovativeenergy drinks under the Boo Koo(R) brand name. The Company will change itsname to Boo Koo Holdings, Inc. and, until such name change is completed,the Company will trade under the name Captech Financial Group, Inc. andsymbol OTCBB: CPFG. Boo Koo has made significant contributions in the fast growing energydrink category. It was the first to introduce a 24-ounce can in 2004, andsoon after, introduced a compact, super-concentrated 5.75 ounce can, BooKoo SHOT, to consumers in search of a quick boost of energy without thebulk. Boo Koo products include Boo Koo Energy and flavored energy drinks inmultiple package forms. Currently sold and distributed in 43 statesthroughout the United States and parts of Canada, Boo Koo is proud topartner with a network of regional bottlers and other direct store deliverydistributors, including independent Coca-Cola, Pepsi, Cadbury Schweppes andother leading distributors. As a result of the merger, Captech named Dan Lee, President of BookKoo, as its new President and CEO, and Steve Ruffini, Chief FinancialOfficer of Boo Koo, as its new Chief Financial Officer. Boo Koo alsoappointed four new members to Captech's Board of Directors and accepted theresignation of the two members of Captech's Board of Directors immediatelyprior to the merger. Simultaneously with the completion of the merger, the Company completeda private placement of common stock raising gross proceeds of approximately$7.5 million through the issuance of 6,252,595 shares of common stock at$1.20 per share. Proceeds from the transaction will be used to provideworking capital, increased marketing support for the Company's line ofbeverages, general corporate purposes and the repayment of debt. Theprivate placement includes an option for the investors to purchase up to$5.0 million worth of common stock at $1.20 per share for a period of 45days from the closing of the private placement. In addition, one of theCompany's shareholders has agreed to convert the principal ($875,000), plusinterest remaining under a promissory note held by such shareholder at$1.20 per share on the 30th day following the closing of the financing. "We are excited to complete the merger with Captech, allowing us tobecome a publicly traded company," said Mr. Lee. "Boo Koo has already shownsuccess in the rapidly growing energy drink category, and the completion ofthe private placement will enable us to accelerate our growth with ourexpanding portfolio of distributors and consumers. As a publicly tradedcompany, our objective is to continue to increase our profile withconsumers and the investment community by offering what we believe are thebest tasting energy drinks available". To complete the merger, Captech issued 24,711,070 shares of its commonstock in exchange for all of the outstanding common stock of Boo Koo. As aresult of the transactions, Boo Koo stockholders and the investors ownapproximately 98.8% of Captech's oustanding common stock and Captechstockholders prior to the merger own approximately 1.2% of the combinedcompanies. In connection with the private placement and the merger, the Companyincurred expenses which included, without limitation, commissions to theplacement agents, legal and accounting fees, shell acquisition costs, andother miscellaneous expenses, of approximately $1.7 million. The shares of common stock issued in connection with the transactionshas not been registered under the Securities Act of 1933, as amended andmay not be offered or sold in the United States absent registration underthe Securities Act and applicable state securities laws or an applicableexemption from those registration requirements. The Company has agreed tofile a registration statement, covering the resale of the shares of commonstock issued in the private placement and certain other shares, within 60days of the closing of the transaction. The placement agents for the transaction were Roth Capital Partners,LLC and Aspen Equity Partners, LLC. This press release does not constitute an offer to sell or thesolicitation of an offer to buy nor will there be any sale of thesesecurities in any state or jurisdiction in which such offer, solicitationor sale would be unlawful prior to registration or qualification under thesecurities laws of such state or jurisdiction. About Boo Koo Boo Koo develops, produces, markets and distributes alternativebeverage category energy drinks under the Boo Koo(R) brand name. Boo Koocurrently sells and distributes its products in 43 states throughout theUnited States and parts of Canada through its network of regional bottlersand other direct store delivery distributors, including independentCoca-Cola, Pepsi, Cadbury Schweppes, beer and other wholesale distributors.Boo Koo also intends to expand its distribution network through alternativedistribution arrangements, including direct delivery. Boo Koo's productsare sold primarily to mainstream convenience and grocery store chains, drugstores, gas stations and other mainstream and discount consumer stores. The Company will be filing a Current Report on Form 8-K with theSecurities and Exchange Commission within the time period prescribed byForm 8-K, which report will disclose detailed information about Boo Koo,including Boo Koo's financial statements for the years ended December 31,2005 and 2006 and the three months ended March 31, 2006 and 2007. Forward-looking Statements This news release contains "forward-looking statements" made pursuantto the safe harbor provisions of the Private Securities Litigation ReformAct of 1995, including statements related to the option to purchaseadditional securities. Forward-looking statements include statements withrespect to the Company's beliefs, plans, objectives, goals, expectations,anticipations, assumptions, estimates, intentions, and future performance,and involve known and unknown risks, uncertainties and other factors, whichmay be beyond the Company's control, and which may cause the Company'sactual results, performance or achievements to be materially different fromfuture results, performance or achievements expressed or implied by suchforward-looking statements, including its reliance on distributors of itsproducts, its ability to manage inventory, its ability to maintainrelationships with customers, its reliance on third parties to produce andpackage its products, its limited operating history, the availability andcost of raw materials, effects of competition and the other factors tolisted under "Risk Factors" in its filings with the SEC. All statementsother than statements of historical fact are statements that could beforward-looking statements. The Company assumes no obligation to update theinformation contained in this news release.