Exhibit 99.2
          THE CLASSICA GROUP BOARD MEETS TO ADDRESS CHARGES AGAINST CEO


     October 7, 2003, Sayreville, New Jersey - The Classica Group, Inc. (NASDAQ:
TCGI)  today  announced  that its Board of  Directors  met today to address  the
proceedings  that have been initiated  against its Chairman and Chief  Executive
Officer,  Scott G. Halperin.  The Board adjourned without taking action in order
to allow Mr. Halperin to meet with his personal  attorney.  The Board expects to
meet again  tomorrow,  October 8, 2003, to continue its review of this situation
and its potential  impact on the Company.  The Board reiterated that the Company
fully expects to continue its business operations without interruption.

     Furthermore,  the  Company  stated  that  there is no  family  relationship
between  one of its  directors,  Alan  Rubin,  and one of the other  individuals
charged,  Daniel  Rubin,  nor is  Alan  Rubin  involved  in any way  with  Rubin
Investment Group, Inc. No complaints have been filed against Alan Rubin.

     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