SOURCE: City Capital Corp.

February 26, 2010 07:00 ET

City Capital Corporation Sweeps Up Millions With Joint Venture

NEW YORK, NY--(Marketwire - February 26, 2010) -  City Capital Corporation (PINKSHEETS: CTCC) is pleased to announce that its newly launched wholly owned subsidiary, Clean Sweep Holdings LLC, has entered into a strategic partnership for expansion of its sweepstakes platform with S&M Consulting LLC of West Palm Beach, Florida.

According to the proposed terms of the agreement, S&M Consulting has committed to purchasing over $1.8 million (USD) worth of sweepstakes hardware and software initially over the next 18 months. The initial order was placed and purchased this week for over 30 custom-built sweepstakes units to be placed into operation. S&M Consulting will continue to purchase between 30 to 50 units per month for the remainder of 2010 and well into 2011, until the end of the purchase agreement.

In addition to the cost incurred for new sweepstakes terminals and Clean Sweep's proprietary software platforms, S&M Consulting agrees to pay a minimum of 30% to 40% residuals on all revenue generated by the units as long as the machines are operational. In addition a major portion of the proceeds will be donated to charities across the country, as part of the partnership's philanthropic innitiatives.

Clean Sweep Holdings will begin manufacturing the new units in March 2010 and begin delivery of the first units by May 2010 with new placements operational by the end of the 2nd quarter. The machines primarily will be placed in retail establishments in the southeastern United States.

City Capital Corporation CEO, Ephren Taylor, commented, "The way our partnerships are structured, we receive residual income from each unit in operation allowing Clean Sweep Holdings to share in the success of our partners for many, many years. The great thing about this business model is the more success S&M Consulting has with our units, the more residual income that will be paid to Clean Sweep Holdings." Mr. Taylor went on to say, "Because of the lucrative profits that each of these machines generates for our operators, our company and our shareholders will continue to reap the rewards for many years to come."

"We are extremely excited about this new partnership," said Scott Herman, Managing Partner of S&M Consulting. "This was a unique opportunity that we felt strongly we could not pass on. When it was presented to us, our company and our financing partners decided to make this very large investment to provide us with substantial long-term returns even in a down economy. We are looking forward to an enduring partnership with Clean Sweep Holdings and Capital City Corp."

For partnership opportunities contact partnership sales 1-877-85-SWEEP or visit www.SweepStakesIncome.com.

About City Capital Corp
City Capital Corporation (CTCC), founded in 1984, is a socially conscious professional management and diversified holding company engaged in leveraging investments, holdings and other assets to build value for investors and shareholders. These initiatives range from development and production of bio-fuels, to affordable homes for working-class families, to funding and acquisition of local businesses that support community jobs. The company acquires and revitalizes distressed investment opportunities in multiple industry segments, creating serial returns for its joint venture partnerships.

About S&M Consulting LLC

S&M Consulting LLC is a private investment firm based in West Palm Beach, Florida. It is headed by successful entrepreneur, Scott Herman, and is dedicated to creating profitable strategic partnerships throughout the United States.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the U S. Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Contact Information