SOURCE: City Capital Corp.

June 13, 2007 19:00 ET

City Capital Terminates Consulting & Managing Agreement With AmoroCorp

NASHVILLE, TN--(Marketwire - June 13, 2007) - City Capital Corporation (OTCBB: CCCN) announced its decision to terminate the management agreement it has had with AmoroCorp since August 2006. The termination will become effective June 30, 2007. The agreement compensated AmoroCorp $1.2M annually for the total management of City Capital's operations and management.

"City Capital has reached a point in our growth where our various operations require more direct management by the company," noted Ephren W. Taylor II, Chairman & CEO. "Our agreement with AmoroCorp was beneficial during our growth over the last nine months, but as we have expanded it no longer serves our needs as well. We will utilize the annual savings towards our own internal management team and staffing needs."

AmoroCorp, Inc. (PINKSHEETS: AORO) is a public company dedicated to working closely with government Economic Development Groups across America and internationally, to create workable development and redevelopment programs with local solutions.

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. City Capital, founded in 1984, recently announced a dividend for the first quarter of 2007, the first in its history.

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, 2006, 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.

Contact Information