SOURCE: City Capital Corp.

October 05, 2010 07:05 ET

City Capital Unveils New Retail Sweepstakes Location in Thriving Virginia Market

NEW YORK, NY--(Marketwire - October 5, 2010) -  City Capital Corporation (PINKSHEETS: CTCC) today announced that its sweepstakes subsidiary Clean Sweeps Holdings, LLC has now further expanded into the state of Virginia with new plans for a sweepstakes center location in the city of Norfolk. The company recently as part of its aggressive expansion into Virginia, signed the lease for a 5,000 plus square foot facility. The new center is currently undergoing final phases of construction and is slated to be completed and ready for operations no later than October 25th, 2010. The state of the art sweepstakes center will feature many of the company's new sweepstakes video game terminals, integrated into a retail based sales system.

Ephren Taylor, Chief Executive Officer of City Capital Corporation, stated, "2010 is going to be a great year for us in Virginia. This week we are sending more members of our management team company wide into the area to assist us in securing our place as a market leader locally in the Norfolk area. It's exciting every time we launch a new location as its a win for our retail customers, a win for our business partners, and a win for our shareholders."

Earlier this month the company announced the opening of five new retail centers in Virginia. The company anticipates investing approximately $100,000 per new retail location for a total capital contribution not to exceed $500,000 in buildout over the next ninety days. The company is targeting additional gross revenue from the five new locations of approximately $700,000 annually. The estimated target revenue is based solely on the average unaudited gross sales of existing operating locations in the region. Management at the company anticipates having the five new locations up and operating within the next quarter.

Sweepstakes Income games allow players to win cash prizes at terminals located in shopping centers and kiosks. The games attract players of all types, diversifying the clientele that frequent retail business entities. Comparable to the McDonald's Monopoly sweepstakes concept, yet they offer far more feasible probabilities for achieving victory. And perhaps more significantly, owners of Sweepstakes machines regularly experience significant, rapid revenue generation that is simplistically sustainable.

Sweepstakes terminal owners agree to pay a percentage of proceeds to Clean Sweeps Holdings, LLC, which in turn donates a hefty portion of every penny earned to various charities and other socially conscious projects. The entire Clean Sweep Holdings, LLC sweepstakes system presents a win-win-win situation for consumers, retail business owners and individual entrepreneurs marketing the opportunity. For the consumer cash incentive based sweepstakes system presents an exciting avenue for entertainment. For retail business owners that house the units, an influx of new clientele is experienced.

About Clean Sweeps Holdings, LLC
Clean Sweeps Holdings, a wholly owned subsidiary based out of Raleigh, North Carolina, currently leverages innovative video based sweepstakes technology to assist retail merchants in increasing revenue while assisting charities with raising much needed financial resources. The software itself is an interactive suite of video games that allows merchants to run their own private sweepstakes to encourage 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. 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.

About City Capital Corporation
City Capital Corporation (PINKSHEETS: CTCC), founded in 1984, is a leader in the production and distribution of emerging new sweepstakes technology. Its holdings include corporate owned retail stores and partnerships across the nation. City Capital also maintains its long track-record of both building value for investors and shareholders, while keeping with its socially responsible focus. A significant share of profits are donated to charity and other worthwhile causes.

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