SOURCE: City Capital Corp.

February 24, 2010 07:00 ET

City Capital Launches Gaming Venture With New Subsidiary

NEW YORK, NY--(Marketwire - February 24, 2010) - Ephren Taylor, Chairman & Chief Executive Officer, today announced that City Capital Corporation (PINKSHEETS: CTCC) launches Clean Sweeps Holdings, LLC to build a network of interactive charitable fundraising kiosks on the global stage.

Clean Sweeps Holdings, LLC, a wholly owned subsidiary based out of Raleigh, North Carolina, currently leverages innovative gaming technology to assist retail merchants in increasing revenue while assisting charities with raising much needed financial resources during these tough economic times. The company has recently collaborated with several development partners for continued expansion of new and engaging interactive applications to increase the effectiveness of the existing platform.

The software itself is an interactive suite of video games that allows merchants to run their own private sweepstakes to incentivize customers to spend more in their retail locations. When consumers purchase the promoted items, a portion of those proceeds helps to raise financial resources for selected charities. The company earns revenue from managing the software and hardware solutions on a subscription and percentage basis.

Clean Sweeps Holdings, LLC currently operates two charitable fundraising centers in the states of Texas and North Carolina. The company is also aggressively interviewing all options to cultivate relationships that will assist the company with opening additional stores and additional strategic partnerships with retail based merchants. The company expects to have definitive agreements with at least two strategic relationships within the next 90 days.

"We couldn't be more pleased with our new software platform," stated Ephren Taylor. "This is the perfect solution for bringing retail and charitable sectors together. It creates a win-win situation where retail merchants can expect an increase in sales while simultaneously helping to raise millions of dollars for so many worthwhile charities. This is a giant step that goes a long way towards solving the challenges many organizations are facing today, whether it is a decrease in sales for retailers or a slowdown in charitable giving. This solution is ideal for these economic times and is perfectly in line with City Captial's core mission statement of being a socially responsible enterprise."

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About City Capital Corporation

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.

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 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.

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