SILVERDALE, Wash. , Oct. 25, 2012 /PRNewswire/ -- CGrowth Capital, Inc. (Pink Sheets: CGRA) today announces that it has shifted its corporate focus.

The Company recently completed at transaction with its major shareholders transferring control of the Company to a group led by new Chief Executive Officer, Bill Wright .

"This is an exciting time for our company," stated Bill Wright , CEO. "While the economy continues to vacillate, we are positioning the Company to acquire hard assets in the form of gold, silver, and other precious metals. As prices of precious metals continue to remain strong, we will strengthen our asset base and seek to increase shareholder value."

Since the closing, the Company has already shifted its focus and executed two non-binding Letters of Intent with asset holders, a processing company, and a joint venture partner. The Company is now working to secure the necessary funding to execute on the business opportunities and grow its asset base.

Among the positives the mining focus brings:

• The industry deals with commodities that are high in demand worldwide.


• Valuation of the assets is easily ascertainable.


• Transformation of the assets, from raw earth to precious minerals, allows for increased margins than simply raw material.

Mr. Wright went on to say, "With the excitement in precious metals and the initial responses that we have had from investors, we believe we will be able to raise sufficient funding to allow us to execute on our business plan and begin monetizing these assets. We look forward to providing updates to our business development in the coming weeks."

For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com