SOURCE: City Capital Corp.

August 24, 2006 06:00 ET

City Capital Corporation (OTCBB: CCCN) CEO Ephren Taylor Chosen for Interview by Market News First (MN1.com)

MENDOTA HEIGHTS, MN -- (MARKET WIRE) -- August 24, 2006 -- City Capital Corporation (OTCBB: CCCN) today announced that company CEO Ephren Taylor will be featured live on Market News First (www.mn1.com) for an exclusive interview on MN1 radio. During the interview, which will take place Aug. 25, 2006, at 10:30 a.m. EST., Mr. Taylor will discuss City Capital's urban development and investment strategies that allow the company to literally "create its own markets." At 24, Taylor is America's Youngest CEO of any public company.

--  At 12, Taylor started his first company, and was soon contracting
    services for large corporations
--  At 17, he had the 4th largest company of all teen businesses
    nationwide, worth $3.2 million
--  At 19, his investment strategies earned him Kansas Young Entrepreneur
    of the Year, and he began helping churches and nonprofits earn high returns
    on their endowments
--  His investor-clients include sports and entertainment figures such as
    Snoop Dogg, for whom Taylor manages the "Snoop Youth Football League"
    endowment
    
City Capital is a Business Development Company (BDC) that manages the development of properties including the Kansas City Historic Jazz District, home to the American Jazz Museum and the Negro Leagues Baseball Museum. The area is widely considered to be the cradle of modern jazz in America. This action will allow City Capital to move forward on the redevelopment initiatives already begun by ECC Jazz.

"We are proving it is possible to invest in our urban landscapes, creating new markets in forgotten communities, and still leave plenty of room for shareholders to earn strong returns so they continue to invest in the process."

About City Capital

City Capital is a Business Development Company (BDC) authorized by Section 54(a) of the Investment Company Act of 1940 to make loans and equity investments in developing business enterprises. 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-QSB 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.

To listen to the live interview with CEO Ephren Taylor, log on to MN1.com Aug. 25, 2006 at 10:30 a.m. CDT.

About MN1.com

Market News First is an online market news provider which brings investors current news on the market. Market News First is the only online live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.

Through daily live press conferences, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.

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