SOURCE: City Capital Corp.

November 13, 2006 18:00 ET

World's Largest Business Education Student Organization Selects City Capital CEO Ephren W. Taylor II to Keynote National Leadership Conferences

DENVER, CO -- (MARKET WIRE) -- November 13, 2006 -- Approximately 250,000 high school and middle school students, college and university students, faculty, educators, administrators, and business professionals are members of Future Business Leaders Of America-Phi Beta Lambda. This year the organization chose City Capital (OTCBB: CCCN) CEO Ephren W. Taylor as Keynote Speaker for their National Fall Leadership Conferences. FBLA-PBL is the largest business education student organization in the world.

Over 2,000 attendees were present for Mr. Taylor's Opening Keynote Address for the group's Eastern U.S. Conference November 10, 2006 in East Brunswick, NJ. On November 4 he also gave the closing Keynote at the organization's Western U.S. Conference in Denver. Both presentations echoed the FBLA-PBL 2006 theme, "Your Ticket to the Future." The enthusiastic audiences included leaders and advisors from chapters across America. Taylor challenged them to use their knowledge and training to change the world around them. "You have the advantage of business-specific training that most of your peers will never receive," Taylor said, "but knowledge alone has no power; only when we apply that knowledge in our lives do we gain power."

Taylor, age 24, has been widely recognized as America's Youngest African-American CEO Of Any Public Company. The fact that he also started his first company at age 12 wasn't lost on his audience. He was a member of FBLA-PBL in high school, and won the organization's National Title in Speaking and Entrepreneurship in 1999. Taylor shared what it takes to start a company from scratch, the ups and downs of the entrepreneurial mind, and how it's more profitable to "use philanthropy as a business tool, because there are so many rewards that come back to you over time! Essentially, for-profit companies that focus on giving back to their community can do a better job than most non-profits, because a business run for-profit can keep reinvesting their profits again and again, instead of constantly having to go back to the fundraising well."

Taylor is CEO of two public companies managing over $150 million in assets, including redevelopment of the Kansas City Historic Jazz District among others. Recently City Capital and The Lucian Group of Rochester, NY signed a $50,000,000 Credit Facility Agreement to ensure the company's growth well into the future.

His dynamic, socially conscious business approaches are behind the success of City Capital and his other companies. Taylor has earned praise and recognition from local and state governments and agencies, including Kansas Entrepreneur of the Year in 2002, and was recently featured as a guest panelist for the Black Congressional Caucus' Annual Legislative Conference in Washington, DC.

About Future Business Leaders of America-Phi Beta Lambda

Headquartered in Reston, Virginia, FBLA-PBL ( is a non-profit 501 (c)(3) education association of students preparing for careers in business and business-related fields. The FBLA-PBL Mission is to bring business and education together in a positive working relationship through innovative leadership and career development programs.

About City Capital

City Capital Corporation (OTCBB: CCCN) 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-KSB 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.

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