City Capital Launches Gaming Venture With New Subsidiary
February 24 2010 - 7:00AM
Marketwired
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."
For More Information Please Visit
http://www.SweepStakesIncome.com
For partnership opportunities contact sales 1-877-85-SWEEP.
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 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: Infinite Investor Relations, Inc. Justine Mitchell
949.892.8116 jm@infiniteir.com City Capital Corporation
www.CityCapCorp.com IR@CityCapCorp.com 877.367.1463
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