DCAP Group Announces Closing of Sale of 16 Retail Insurance Brokerages to NII BSA LLC

DCAP Group, Inc. (NASDAQ: DCAP) today announced that its 16-location New York State brokerage business, operating as Barry Scott Agency and DCAP Accurate Agency, has been sold to NII BSA LLC of Montvale, New Jersey.

�This transaction, along with a contemplated future sale of our three remaining Pennsylvania retail agencies, will achieve our goal of narrowing the company�s focus and better deploying our capital,� said Barry Goldstein, DCAP Chairman and CEO. �Proceeds from the sale will be used to reduce the company�s indebtedness,� said Victor Brodsky, DCAP�s Chief Accounting Officer.

Forward Looking Statements

Statements in this press release may contain �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management�s current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. More information about these factors can be found in DCAP�s filings with the Securities and Exchange Commission, including its latest Annual Report filed with the Securities and Exchange Commission on Form 10-K. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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