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City Capital Corp.: Ephren Taylor Launches National Wealth Building Challenge With the 3rd Annual Urban Wealth Tour

^{Published on 2009-05-29 08:27:30, Last Modified on 2009-05-29 08:28:48 - Market Wire}
 

NEW YORK, NY--(Marketwire - May 29, 2009) - It was announced today that City Capital Corp. (PINKSHEETS: [ CTCC ]) CEO and wealth architect, Ephren W. Taylor, II, will launch the third annual Urban Wealth Tour on June 1st to assist and train Americans in economic crisis across the country this summer on strategic economic empowerment, affordable housing acquisition, entrepreneurship and the steps to building a sound economic legacy while in uncertain economic times.

The 2009 edition of the widely successful Urban Wealth Tour will kick off next week on June 1, 2009 in Wilmington, Delaware at New Destiny Fellowship where Mr. Taylor will lead a workshop entitled "Getting Paid at Any Age." The tour will continue in cities across the country for the duration of the summer with new dates being added weekly.

Founded by Mr. Taylor, the youngest African-American CEO of any publicly traded company in history, widely discussed 2008 National Democratic Convention speaker and author of the best-selling book "Creating Success From The Inside Out" (John Wiley & Sons), the 2009 Urban Wealth Tour has established itself as a growing economic movement that provides citizens with financial re-education, promotes the building of healthier financial lives for individuals and families across the country and creates positive change in urban communities. The tour brings together private investors, educators, non-profit organizations, religious institutes and government leaders to directly educate, challenge and mobilize Americans in economic crisis.

"In economic times like these with massive layoffs and economic uncertainty, our message of economic empowerment and self reliance through the Urban Wealth Tour is beginning a movement across this country," says Mr. Taylor.

Known for founding his first company at the age of 12 and building a multi-million dollar technology company by age 16, today at 26, Ephren W. Taylor, II leads City Capital Corporation as CEO where he oversees millions in assets and engineers countless strategic business initiatives including the recent launch of a bio-fuel subsidiary for the company.

For more information on the 2009 Urban Wealth Tour, please visit: [ www.ephren.com ]

For media information on the 2009 Urban Wealth Tour or Ephren W. Taylor, II, please contact:

 J Sharpe Agency Public Relations for Ephren Taylor Jennifer J.A. Williams [ jennifer@jsharpeagency.com ] 646.269.5870 

About City Capital Corporation

City Capital Corporation (CTCC), founded in 1984, is a socially conscious professional management and diversified holding company engaged in real estate investment strategies, self-directed IRA, and leveraging investments, holdings and other assets to build value for investors and shareholders. Ranked in the Top 100 Most Socially Conscious Companies by the Wall Street Journal, City Capital is committed to creating positive change and self-sufficiency through "Socially Conscious Investing That Empowers Communities." 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 clients.

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.