DCAP Announces Sale of Franchise Business

DCAP Group, Inc. (NASDAQ: DCAP) today announced that it has sold its franchise business. This transaction coincides with the Company�s stated goal of exiting the retail insurance business. On April 17, 2009, DCAP sold its store locations in New York State. Remaining to be sold are the Company�s three Pennsylvania retail locations.

�With this transaction, DCAP has continued the reformation of its business model from a retail insurance brokerage operation to the ownership of an insurance company, subject to policyholder approval of the conversion of Commercial Mutual Insurance Company from an advance premium cooperative to a stock property and casualty insurance company,� said Barry Goldstein, DCAP�s Chairman and CEO.

�In this difficult marketplace we have been able to dispose of a number of businesses at a price approximating book value,� 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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