Exhibit 99.1


               THE CLASSICA GROUP ACKNOWLEDGES CHARGES AGAINST CEO


     October 6, 2003, Sayreville, New Jersey - The Classica Group, Inc. (NASDAQ:
TCGI)  today  acknowledged  that it is aware of the  proceedings  that have been
initiated against its Chairman and Chief Executive  Officer,  Scott G. Halperin.
At this time, the Company is unaware of the specifics of the charges against Mr.
Halperin or the alleged facts on which the charges are based, but is endeavoring
to  determine  them.  The  Company's  Board of  Directors  is  planning  to meet
tomorrow,  October 7, 2003, to review this situation and its potential impact on
the  Company.  However,  the  Company  fully  expects to continue  its  business
operations without  interruption.  Classica is closed today in observance of Yom
Kippur. The Company will promptly disclose any further  information  relating to
this issue as it becomes available.


For information contact:

W. Raymond Felton, Esq. 732-549-5600