SOURCE: City Capital Corp.

April 17, 2007 07:00 ET

City Capital CEO Ephren W. Taylor II Presents $350,000 Check to Cheyney University, Establishing New Entrepreneurial Institute

CHEYNEY, PA -- (MARKET WIRE) -- April 17, 2007 -- City Capital (OTCBB: CCCN) CEO Ephren W. Taylor II will donate a significant gift to Cheyney University of Pennsylvania on Friday, April 20, 2007 at Cheyney's Graduate School site, 701 Market Street (Mellon Building, third floor) in Philadelphia, PA. The event is open to the public. Taylor will be presenting a $350,000 check to create a specialized curriculum institute for high school and college-aged aspiring entrepreneurs. The Ephren W. Taylor II Entrepreneurial Institute is scheduled to open in July 2007.

"The American service industry calls upon higher education to create programs that spark the spirit of enterprise. The parallel development of an international program and the Ephren W. Taylor II Entrepreneurial Institute at Cheyney University will make our graduates an invaluable human capital resource for both developed and developing countries," comments M. Starita Boyce, Ph.D., vice president for Institutional Advancement at Cheyney. "There is no better place for learning than Cheyney University; America's Oldest Historically Black Institution for Higher Education, and the alma mater of giants such as Edward R. Bradley, Rebecca Cole, M.D. and James R. Dumpson, Ph.D."

"It is a great honor to be a catalyst for student entrepreneurs and to transfer the advantages that I had growing up to our youth. It is particularly gratifying to partner with a Historically Black College, specifically America's oldest HBCU. We intend to use the Institute at Cheyney as an international model for future partnerships in higher education," asserts Taylor.

Taylor will also make a presentation to Tom Joyner's Foundation during his visit. Joyner has referred to Taylor as "Living Black History" on his national radio show. Other public events at which Mr. Taylor will featured are the Leaders and Legends Luncheon April 21st at 1:30p.m., and at the 10:30 a.m. service on Sunday, April 22nd at the Life In Christ Cathedral of Faith at 3012 W 3rd Street in Chester, PA.

Taylor, the youngest African-American CEO of any publicly traded company, is conducting an "Urban Wealth Tour" to 25 cities in 2007, promoting economic empowerment, affordable housing and entrepreneurship in urban communities. He will speak at local high schools, address private investors, educators, non profit organizations, religious and government leaders to encourage positive change in their urban communities.

Taylor started his first business at age 12, built a multi-million dollar national company by age 17, and his companies currently manage over $150 million in assets, with diverse clients including Wall Street investors, top executives, professional athletes and entertainment icons. His concepts on empowering local communities with socially conscious investing and development earned him the distinguished 2002 Kansas Young Entrepreneur of the Year. He has served as keynote speaker for dozens of colleges and business organizations; as frequent guest panelist for events such as the Wall Street Economic Summit and the Congressional Black Caucus; as industry commentator on hundreds of local and national television and radio shows including CNBC's "Big Idea," FOX News' "Your World with Neil Cavuto" and "Bulls and Bears," the "Tom Joyner Morning Show" and the "Doug Banks Morning Show." He currently hosts the "Soul of Success" on Family Talk 170XM on XM Satellite Radio.

About City Capital

City Capital Corporation (OTCBB: CCCN) is engaged in leveraging investments, holdings and other assets to create self-sufficiency for communities around the country and the world. City Capital currently manages diverse assets and holdings ranging from large scale real estate developments, such as the Kansas City (Missouri) Historic Jazz District, to approximately 8 billion cubic feet of producing West Delta gas reserves and more. The company recently signed a $50,000,000 Credit Facility Agreement with Rochester-based Lucian Group, allowing the company to focus on additional growth industry acquisitions for the company.

This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company's annual report on Form 10-K for the year ended December 31, 2005, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.

For all media inquiries -- including interview requests, please contact Candace D. Reese via email at Candace@EnvisionPR.com or via phone at (678) 367-3117. To book Ephren Taylor for speaking engagements, appearances, conferences and seminars, please send your request to Raoul Davis with raouldavis@ascendantstrategy.net and visit www.4thdimensionmngt.com.

Cheyney University is the nation's oldest historically Black institution of higher education, and the only Historically Black College and University (HBCU) in the Pennsylvania State System of Higher Education. At its inception, the school successfully provided free classical education for qualified young people, and today the university offers baccalaureate degrees in more than 30 disciplines and six master's degree programs. For more information, please visit our website at http://www.cheyney.edu

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