Exhibit 99.1



                     RCG COMMENTS ON SECOND QUARTER RESULTS

CHARLOTTE, NC--February 25, 2005--RCG Companies Incorporated (AMEX: RCG), a
diversified travel and leisure company, announced today that it has filed its
Form 10-Q with the Securities and Exchange Commission. The Form 10-Q reflects
the Company's operating results for the second quarter ended December 31, 2004.
Commenting on the filing, newly named RCG Chairman William Goldstein said,
"Although we are not at all satisfied with the operating results, it is
important to realize that these results are a function of the old RCG operating
format as a predominantly offline tour operator that is primarily dependent on
travel agents for distribution. Since the merger with 1-800-CHEAPSEATS, we are
transforming RCG into a more efficient model of online/offline distribution with
cross-selling opportunities that we expect will provide benefits to both the
SunTrips(R) tour business and 1800cheapseats.com. The details of this
transformation will be fully discussed during our conference call on Monday." As
the Company stated in a press release on February 18, 2005, a conference call is
scheduled for February 28, 2005. A question and answer session will follow the
call. The conference call time is 4.30 p.m. Eastern Standard Time. The call-in
number is (888) 099-3629. A live Internet broadcast may be accessed at
www.rcgcompanies.com. A copy of the currently filed Form 10-Q is available at
the Securities and Exchange Commission's Web site at www.sec.gov.

COMPANY CONTACT:

Bryan Crutchfield
RCG Companies Incorporated
(917) 443-9336
crutch@1800cheapseats.com

     Statements in this news release about anticipated or expected future
     revenue, growth or expressions of future goals or objectives, including
     statements regarding whether current plans to grow and strengthen the
     Company's business will be implemented or accomplished, are forward-looking
     statements within the meaning of Section 21E of the Securities Exchange Act
     of 1934, as amended. All forward-looking statements in this release are
     based upon information available to the Company as of the date of this
     release. Any forward-looking statements involve risks and uncertainties,
     including the risk that the Company will be unable to grow or strengthen
     its business due to a lack of capital, to fully or effectively integrate
     all business units or an inability to identify acquisition candidates, and
     that the Company may not realize anticipated cost savings or revenue growth
     opportunities associated with the recent acquisition of 1-800-CHEAPSEATS or
     the pending acquisition of One Travel, if it closes the OneTravel
     transaction. RCG must raise additional capital to close the acquisition of
     OneTravel. If RCG is unable to close the OneTravel acquisition, the Company
     may forfeit its deposit. The Company is also subject to those risks and
     uncertainties described in the Company's filings with the Securities and
     Exchange Commission, including the Company's historical losses and negative
     cash flow, its need for additional capital, and that future financing, if
     available, will dilute the Company's current common stockholders.
     Additionally, forward-looking statements concerning the performance of the
     travel and leisure industry are based on current market conditions and
     risks that may change as the result of certain regulatory, political or
     economic events, a shift in consumer travel preferences, as well as those
     risks and uncertainties described in the Company's Securities and Exchange
     Commission filings, which could cause actual events or results to differ
     materially from the events or results described in the forward-looking
     statements, whether as a result of new information, future events or
     otherwise. Readers are cautioned not to place undue reliance on these
     forward-looking statements.