WASHINGTON, Nov. 21 /PRNewswire/ -- Asset Capital Corporation, Inc.
announced today the appointment of Clay E. Carney to the position of Chief
Financial Officer.  Mr. Carney assumes the position previously held by Barry
E. Johnson. Mr. Johnson tendered his resignation on November 15, 2005, subject
to the appointment of a successor.
    Peter C. Minshall, Chairman and Chief Executive Officer of Asset Capital
Corporation, stated, "Barry has been an integral part of the initial
development of our financial functions, but has decided to move on to pursue
new opportunities.  We wish Barry well in all of his future endeavors."
    Mr. Carney joins the Company from Time Warner Cable, where he served for
six years as Vice President of Finance and Chief Financial Officer for Time
Warner's Road Runner division and more recently as a Regional Vice President
of Finance for Time Warner's Texas region. He has also held senior financial
management and accounting roles for Discovery Communications, Inc., BET
Holdings, Inc. and PricewaterhouseCoopers.  He graduated from Radford
University with a B.S. in Business Administration with a concentration in
accounting and is a non-practicing Certified Public Accountant and a member of
the American Institute of Certified Public Accountants.
    Mr. Minshall continued, "Clay brings nearly 20 years of valuable financial
leadership to Asset Capital having worked with companies from start up to
maturity.  His experience working with publicly traded companies, including
financial reporting and Sarbanes-Oxley compliance, will be particularly
valuable as we proceed through the initial public offering process and into
the future."

    Safe Harbor Statement
    This release may contain forward-looking statements that relate to future
events or performance. These statements reflect Asset Capital's current
expectations, and Asset Capital does not undertake to update or revise these
forward-looking statements, even if experience or future changes make it clear
that any projected results expressed or implied in this or other company
statements will not be realized. Furthermore, readers are cautioned that these
statements involve risks and uncertainties, many of which are beyond Asset
Capital's control, which could cause actual results to differ materially from
the forward-looking statements. These risks and uncertainties include, but are
not limited to, changes in interest rates, conditions in the real estate
industry, and the state of the general economy and the local economy in which
our properties are located.

    About Asset Capital Corporation
    Asset Capital Corporation, Inc. is a fully-integrated real estate
operating company focused on opportunistically acquiring, redeveloping,
financing, managing and disposing of commercial real estate properties located
primarily in the greater metropolitan Washington, D.C. marketplace and its
surrounding areas. The Company was formed to continue the investment strategy
employed by the management team at its predecessor entities, which is to
invest in commercial real estate properties and other commercial real estate-
related assets that have the potential for a significant increase in operating
cash flow from the company's hands-on management, leasing, engineering and
capital improvement programs. Asset Capital focuses its investment activity in
the geographic region including Washington, D.C., bounded by Baltimore,
Maryland in the north, Richmond, Virginia in the southwest and Norfolk,
Virginia in the southeast.

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