<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>EX 99.1 PRESS RELEASE RE: M&T COMMITMENT
<TEXT>
                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact: Barry Goldstein
         Chief Executive Officer
         DCAP Group, Inc.
         (516) 374-7600


          DCAP Group Obtains Premium Finance Credit Facility Commitment

HEWLETT, N.Y., June 11, 2003 - DCAP Group, Inc. (OTCBB: DCAP), the largest chain
of independent  storefront insurance agencies in the northeastern United States,
today announced that it has obtained a commitment from Manufacturers and Traders
Trust  Company to make  available to DCAP's  wholly-owned  subsidiary,  Payments
Inc.,  a  credit   facility  of  $18,000,000  to  finance  its  premium  finance
operations.  The two year credit  facility will replace  Payments Inc.'s current
premium finance arrangement which is scheduled to expire on July 30, 2003.

     M&T's  commitment to provide the credit  facility is subject to a number of
conditions,  including  Payments Inc.'s securing  $3,500,000 of equity or deeply
subordinated debt.

     Barry Goldstein, Chief Executive Officer of DCAP Group, stated "We are very
pleased to have obtained the M&T commitment. We believe that the credit facility
will permit us to continue to expand our premium finance operations. Rather than
originating  loans and selling the receivables to a third party for a fee, using
the facility,  we will be able to retain  ownership of the  receivable.  We will
transition from being a "broker" for the loans to being a principal."

     The  securities  offered to raise the $3,500,000 in required funds will not
be registered under the Securities Act of 1933 and may not be offered or sold in
the  United  States  absent   registration  or  an  applicable   exemption  from
registration requirements.

About DCAP Group

DCAP Group,  Inc.  is the  largest  chain of  independent  storefront  insurance
agencies  in the  Northeast.  With  more  locations  in the  Northeast  than any
storefront insurance agency chain, DCAP is focused on building its business into
a community-based,  one-stop  financial  services center.  Representing such top
tier carriers as Progressive Corp. and Travelers,  the Company offers its retail
customers  insurance  and other  services at the most  competitive  rates.  DCAP
provides  car,  motorcycle,   homeowner,   business  and  life  insurance.  More
information is available at the Company's website, www.dcapgroup.com.



<PAGE>


Forward Looking Statements

Statements  in this press  release,  other than purely  historical  information,
including the comments  regarding the Company's  future plans and objectives and
expected  operating results,  and statements of the assumptions  underlying such
statements,  constitute forward-looking statements within the meaning of Section
21E of the  Securities  Exchange  Act of 1934.  The  forward-looking  statements
contained herein are based on certain assumptions that may not be correct.  They
are  subject to all of the risks and  uncertainties  incident  to the  Company's
business that are described in the reports and  statements  filed by the Company
with the  Securities  and Exchange  Commission,  including  (among others) those
listed in the Company's Form 10-KSB.


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