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                                                                   Exhibit 99.1

Thursday August 26

Company Press Release

MCM Capital Group, Inc. Signs Forward Flow Agreement With MBNA

HUTCHINSON, Kansas--(BUSINESS WIRE)--Aug. 26, 1999--MCM Capital Group, Inc.
(NASDAQ: MCMC - news) announced today that it has entered into a forward flow
agreement with a subsidiary of the MBNA Corporation to purchase certain charged
off credit card receivables. MBNA is one of the leading credit card issuers in
the United States. Terms of the agreement were not disclosed.

"We are very excited at the prospect of forging a long term partnership with an
industry leader," commented Robert E. Koe, MCM Capital's President and CEO.
"This forward flow agreement gives us a steady supply of purchased accounts and
is part of our strategy of becoming a servicer of choice to the country's
leading credit card issuers."

Eric D. Kogan, MCM's Chairman, added, "We are very pleased with such a positive
development for MCM. As a rapidly growing company, we know the keys to success
in this business include entering into forward flow agreements and servicing
receivables profitably. MCM has executed this plan historically, and will
continue to do so to deliver value to its shareholders."

MCM Capital Group, Inc. acquires and collects delinquent consumer receivables.
On July 14, 1999 MCM Capital Group, Inc. completed its initial public offering
of common stock and is listed on NASDAQ under the symbol MCMC.

The statements in this press release that are not historical facts, including
most importantly, those statements preceded by, or that include the words "may",
"believes", "expects", "anticipates" or the negation thereof, or similar
expressions, constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve risks, uncertainties and other factors which may cause the
actual results, performance or achievements of MCM Capital Group, Inc. (the
"Company") and its subsidiaries to be materially different from any future
results, performance or achievements express or implied by such forward-looking
statements. Such factors include, but are not limited to, the following: the
Company's ability to recover sufficient amounts on receivables to fund
operations; the Company's ability to hire and retain qualified personnel to
recover the Company's receivables efficiently; the availability of financing;
the availability of sufficient receivables at prices consistent with our return
targets; the Company's ability to renew its current forward flow agreements at
favorable terms; the success of the Company in identifying systems and programs
that are not Year 2000 compliant; unexpected costs associated with Year 2000
compliance or the business risk associated with Year 2000 non-compliance by
suppliers; changes in, or failure to comply with, government regulations; the
costs, uncertainties and other effects of legal and


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administrative proceedings and other risks and uncertainties detailed in the
Company's Securities and Exchange Commission filings. The Company will not
undertake and specifically declines any obligation to publicly release the
result of any revisions to any forward-looking statements to reflect events or
circumstances after the date of such statements to reflect events or
circumstances after anticipated or unanticipated events. In addition, it is the
Company's policy generally not to make any specific projections as to future
earnings, and the Company does not endorse any projections regarding future
performance that may be made by third parties.

Contact:

     MCM Capital Group, Inc.
     R. Brooks Sherman
     Executive V.P. and Chief Financial Officer
     800/265-8825


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