CARLSBAD, Calif., March 3, 2015 /PRNewswire/ -- DEVELOPMENT CAPITAL GROUP, INC. (OTC: DLPM, "the Company") In connection with the resignation of our officer and director Shahbod Rastegar, the registrant Development Capital Group, Inc. cancelled and returned to treasury 33,000,000 shares of outstanding common stock. The company now has 72,542,735 shares of outstanding common stock.

About Development Capital Group, Inc.

Development Capital Group, Inc. (OTC: DLPM) develops businesses and technologies with significant potential for growth and customer acquisition. Development Capital Group, Inc. identifies and invests in early-stage technology companies that have the potential to disrupt traditional industries and transform markets. With experience building successful businesses, we expect our team to help companies who either have undervalued assets or whose existing businesses require capital investment in order to achieve scale. For more information visit www.DevelopmentCapital.com

About Clearance.co

Clearance.co is revolutionizing the shopping experience by bringing customers the finest quality, the best selection, the best service, and the lowest priced merchandise. Working directly with Manufacturers and Distributors, Clearance.co is an online destination for closeout and clearance products and genuinely helpful customer service. Clearance.co is headquartered in Carlsbad, California. For more information visit www.clearance.co

Safe Harbor Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect the Company's financial results are included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.

Contact information Corporate Offices:
Development Capital Group, Inc.
1932 Kellogg Ave
Carlsbad, CA 92008

http://www.DevelopmentCapital.com

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Investor Relations:
+1-800-305-7090
ir@DLPMinc.com

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SOURCE Development Capital Group, Inc.