FRANKLIN, TN--(MARKET WIRE)--Apr 23, 2007 -- City Capital Corp (OTC BB:CCCN.OB - News) board today approved a stock dividend, to be awarded in the form of five shares of stock for every 100 shares owned at the end of business April 30, 2007. City Capital has experienced dramatic growth since Ephren Taylor assumed the Chairman and CEO roles in early 2006. During Taylor's first full year as CEO, shareholder value increased 865%. At year-end 2006, the company showed a 305% total net asset value return.

In Q1 2007, two profitable energy assets were added to City Capital's wholly owned subsidiary Goshen Energy portfolio; a producing offshore gas well with approximately 8 billion cubic feet of natural gas reserves that has recently been upgraded to increase pumping capacity 50%; and an oil well with estimated crude oil reserves of 600,000 barrels. In addition, City Capital signed a Letter of Intent to acquire & develop the Peregrine Falcon subdivision in Kansas City, Kansas. The company also shed its status as a Business Development Company (BDC), allowing it more flexibility to pursue quantum growth, and retired over $190,000 of debt with the sale of its wholly owned subsidiary Perfect Turf.

Announcing the Stock Dividend, City Capital CEO Ephren W. Taylor II said, "City Capital is on an upward trajectory and we believe this dividend is just the first result of our efforts to enhance shareholder value." Taylor became known nationally for becoming the youngest African American CEO of a publicly traded company when he assumed control of City Capital in 2006. "The board recognized that the recent expansion of our company's assets which dropping the BDC status is allowing, combined with the success of our overall growth plan, made this dividend an obvious decision."

About City Capital

City Capital Corporation (OTC BB:CCCN.OB - News) 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 producing West Delta gas reserves and more. The company recently signed a $50,000,000 Credit Facility Agreement with Rochester-based Lucian Group, allowing the company to focus on additional growth industry acquisitions for the company.

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, 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.

PHILADELPHIA, PA--(MARKET WIRE)--May 3, 2007 -- City Capital Corporation (OTC BB:CCCN.OB - News) today acquired Granite Real Estate Investment Company, LLC, located in Chadds Ford, PA. The company paid $150,000 and assumed $690,000 of outstanding debts, along with accounts payable of $350,000 and equipment leases totaling $185,000.

The Granite Companies booked $39,805,000 in total revenues in 2006. All three divisions are included in this acquisition: Granite Real Estate Acquisition Company LLC; Granite Custom Builders, a high end, full service Design and Build, Construction Management and Custom Renovation Firm; and Granite Real Estate Investment Company LLC, a full service Real Estate Company representing both buyers and sellers of residential real estate.

City Capital CEO Ephren W. Taylor II stated, "We have been researching companies in the Northeast quadrant of the country for several months now. We recognize the tremendous need for affordable housing for working-class families in the densely populated Northeast corridor. Granite has a strong presence in the Greater Philadelphia Metro area, and we anticipate using this acquisition as a base for expanding our operations into several East coast markets that we have been in discussions with."

Gary Freedman, Managing Partner of Granite, added, "We're all incredibly excited about being acquired by a public company with the strong reputation City Capital commands among city governments and community organizations around the country. We are looking forward to working with Mr. Taylor and his entire executive management team, to grow Granite to the next level. I feel our two groups have strong synergies that should make this marriage a huge success. We have extensive experience in the greater Philadelphia market, and are looking forward to expanding our operations into the rest of the Eastern Seaboard."

Granite has acquired or built and sold over 424 homes since 2004, and has booked 53 homesales so far in 2007 alone. The company currently has 28 homes under contract, valued in excess of $6 million.

About City Capital

City Capital Corporation (OTC BB:CCCN.OB - News) 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 such diverse assets and holdings as large scale real estate developments, producing natural energy reserves, and more. Among its real estate developments the company is the largest landholder in the extensive Kansas City (Missouri) Historic Jazz District, and its energy subsidiary controls approximately 8 billion cubic feet of producing gas reserves and 600,000 barrels of crude oil reserves. The company recently signed a $50,000,000 Credit Facility Agreement with Rochester-based Lucian Group, allowing the company to focus on additional growth industry acquisitions for the company.

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, 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.

City Capital Corporation (OTCBB: CCCN) announced its wholly owned subsidiary, Goshen Energy Resources, has entered into a purchase agreement for an 82% stake in a producing oil well. Located in the Raceland Field of Lafourche Parish, Louisiana, the Raceland well has certified oil reserves of over 600,000 barrels of crude, according to a Reserve Study by the engineering firm Kimbrell & Associates. Goshen Energy is purchasing 82% working interest in the well and equipment for $1,200,000 in cash. The property includes an additional 40 acres of mineral lease rights for future exploration.

 

Goshen Energy Resources has identified several key areas to enhance production and maximize profits, and will immediately begin upgrading the property as soon as the transaction is complete.

Harvey Lynch, President of Goshen Energy, said, "This acquisition represents City Capital's commitment to expanding its energy assets as a major component of the company's exceptional growth. As with our original West Delta gas producing offshore platform, the Raceland well is a proven reserve, and has a history of stable production of oil on a daily basis."

City Capital CEO Ephren W. Taylor II added, "Raceland represents exactly the kind of project that City Capital is focused on, acquiring and developing underperforming assets in a multitude of industries. We hold a strong belief that the demand for U.S. produced energy is going to continue to increase in light of international events."

Goshen Energy is engaged in the buying, selling & drilling of oil & gas properties in South Louisiana.

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. The company recently signed a $50,000,000 Credit Facility Agreement with Rochester-based Lucian Group, allowing the company to focus on additional growth industry acquisitions for the company.

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, 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.

City Capital Corporation
www.citycapcorp.com
IR@citycapcorp.com
877.367.1463

Ephren Taylor on CNBC

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Nashville, TN (PRWEB) July 16, 2006 -- AmoroCorp (OTC:AORO), announced today the appointment of Melissa A. Grimes as the company Chief Operations Officer. Since December 2004, Ms. Grimes has served the company as VP Operations for their Tennessee offices, managing team members scheduling and activities onsite as well as offsite. She has also directly managed customer service and been the Chief Account Manager for any issues related to clients and their investments.

She also spearheaded efforts to established company-wide processes for client and employee relations, as well as standard operating procedures for all company divisions. She has been the active liaison between the company and major entertainment and sports clients, negotiating complex contractual relationships such as the Snoop Dogg and his Snoop Youth Football League affiliation.

Ms. Grimes earned her B.S. in Political Science and Broadcasting from University of Tennessee while serving as a Congressional intern. She continues to utilize all of her talent and experience to help the company as it transitions from a private to a major public entity.

CEO Ephren Taylor stated, "Ms. Grimes has proven herself to be extremely capable and reliable. She knows how to get the job done, and will oversee the multiple divisions and management of the firm. She has been an integral player in the growth of the company, and I anticipate a very rapid transition. To handle such rapid expansion and continue to provide significant returns to our clients and shareholders, we are committed to filling the ranks with capable people."

AmoroCorp works closely with government Economic Development Groups across America and internationally, to create workable development and redevelopment programs with local solutions. AmoroCorp’s team represents over 225 years of expertise in construction, development, marketing, investing, legal, accounting, and other key areas. This "Total Team" Support results in some of the highest efficiencies and highest rates of return in the industry. AmoroCorp has a diverse portfolio of massive real estate developments in several states including Tennessee, Ohio, Kansas and Missouri.

Nashville, TN June 14, 2006 -- AmoroCorp (OTC:AORO), reports that its shareholders approved a motion to acquire all of the assets of JoMo Media Group. www.jomomedia.com. JoMo Media Group offers the PHP and MySQL driven scripts and software. JoMo’s chief product is a state-of-the-art Pay-Per-Click (PPC) Search Engine Script. The transaction is expected to close within the next 30 days.
  
CEO Ephren Taylor stated, "JoMo Media is a forward-thinking company with excellent and competitive products. This asset will help us in expanding our goal to create a profitable business structure based on Empowering Communities Through Socially-Conscious Development."

AmoroCorp maintains relationships within the sports and entertainment communities through their Endowment Management programs, with clients such as Snoop Dogg and his Snoop Youth Football League.

"The greatest expansion in our overall business will be as a result of how well we can access and utilize the media. JoMo zeroes in on what every business needs: tracking, control, and accountability. We plan to maximize this new asset in some exciting and powerful ways, and help JoMo expand their marketing to reach new and untapped marketplaces."

Respected talk show host Tavis Smiley has listed AmoroCorp CEO Ephren Taylor as the example of a “Winner” on his May 28, 2006 “Winners & Losers” list. Each week the list highlights an outstanding example of greatness, with a corresponding example of failure. Mr. Smiley hosts the popular “Tavis Smiley Show” on public television, radio and podcasts nationwide. He is former aide to the late, four-term mayor Tom Bradley of Los Angeles. Smiley has won praise and respect from liberals and conservatives alike for his no-nonsense, even-handed approach with his guests, which over the years have included congressmen, entertainers, presidents and even the Pope.

To read an archived copy of the May 28th list, Click Here

For more about Tavis Smiley, visit The Tavis Smiley Show
or TavisTalks.com

Click To Read Belmont University Blog by Doctor Jeff Cornwall DBA, the Jack C. Massey Chair in Entrepreneurship and Director of the Belmont University Center for Entrepreneurship

Click To Read This Interview Article in the Tennessean, June 6, 2006