EXHIBIT 99.1

             RCG CFO RESIGNS TO PURSUE OTHER BUSINESS OPPORTUNITIES

CHARLOTTE,  NC - FEBRUARY 28, 2005 - RCG Companies  Incorporated  (AMEX: RCG), a
diversified travel and leisure company, announced today that its Chief Financial
Officer,  William W. Hodge,  has expressed his intention to leave the company to
pursue other business  opportunities.  The company named Marc E. Bercoon, former
CFO of J&C Nationwide, Inc., to assume the responsibilities of CFO.

"I want to  thank  Bill for his  dedication  and  service  to  RCG,"  said  Will
Goldstein,  Chairman  of RCG.  "We wish Bill the best as he moves on to his next
challenge."

Mr.  Goldstein added that the Company is fortunate that Marc has joined our team
and  welcomes  him to the Company.  Bill will  continue  with the Company for an
interim period to assist in an orderly transition of his responsibilities.

ABOUT RCG COMPANIES INCORPORATED

RCG  Companies  Incorporated  (www.rcgcompanies.com)  derives a majority  of its
revenues  from its  travel  business  subsidiaries,  FS  SunTours,  Inc.,  which
delivers leisure- and vacation-travel  packages under the SunTrips(R) brand, and
Farequest  Holdings,  Inc.,  which is a leading online and offline provider of a
full  range  of  travel  services  operating  under  the  name  1-800-CHEAPSEATS
(www.1800cheapseats.com).  RCG's other wholly owned  subsidiary,  Logisoft Corp.
(www.logisoft.com), operates in the software and information technology services
sector.

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.