EXHIBIT 99.1

                                  See attached.



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                            CAPITAL ASSOCIATES, INC.


CONTACT:  SUSAN HUGHES, CORPORATE COMMUNICATIONS
          CAPITAL ASSOCIATES, INC.
          (303) 980-1000



CAPITAL ASSOCIATES, INC. ANNOUNCES THAT IT HAS DE-REGISTERED ITS COMMON STOCK


August 17, 2000, 3:26 P.M. MDT


     LAKEWOOD, COLORADO ...... August 17, 2000 ...... Capital Associates,
Inc., (OTC Bulletin Board: CAII), which currently has less than 300 holders
of record of its common stock, announced today that its Board of Directors
made the decision to de-register its common stock, which is currently traded
on the Nasdaq Over-The-Counter Bulletin Board. Senior management filed Form
15 with the Securities and Exchange Commission yesterday. The de-registration
of the Company's common stock will be effective in 90 days, unless
subsequently withdrawn or denied.

SAFE HARBOR:

     The statements contained in this press release, which are not historical
facts, may be deemed to contain forward-looking statements with respect to
events, the occurrence of which involve risks and uncertainties, and are
subject to factors that could cause actual future results to differ both
adversely and materially from currently anticipated results, including,
without limitation, the level of lease originations, realization of residual
values, the availability and cost of financing sources and the ultimate
outcome of any contract disputes.

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