CTCC City Capital Corporation New (CE)

Ephren W. Taylor II, CEO of City Capital Corporation (PINKSHEETS: CTCC), has accepted an invitation from the Democratic National Committee to speak at the 2008 Democratic National Convention. He will deliver to the delegates his message of cooperative economics and socially conscious corporate investing.

"It is an honor to be selected to participate and speak to this historic political convention," Taylor said upon receiving the invitation. "I look forward to focusing attention on the issues facing urban communities and sharing the ways in which corporate America, government entities and non-profits can work together to foster economic empowerment."

City Capital Corporation is a publicly traded company engaged in socially conscious investing. In 2007 Taylor was named one of the "Ten People Making a Global Difference," along with Barack Obama, Al Gore, Oprah Winfrey and six other leaders (Michigan Chronicle, December 2007). He is also author of the best-selling book, "Creating Success from the Inside Out" (Wiley, 2008). Convention delegates wishing to hear Taylor speak may attend the Black Caucus Young Leaders Summit on Monday, Aug. 25 from 12:30 p.m. - 2:30 p.m. at the Wells Fargo Theater in the Denver Convention Center.

About City Capital

City Capital Corporation (PINKSHEETS: CTCC), founded in 1984, is engaged in leveraging investments, holdings and other assets to create self-sufficiency for communities around the country and the world. Its mission of "Socially-Conscious Investing To Empower Urban Communities" is carried out through initiatives that range from creating affordable homes for working-class families to development and production of biofuels.

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, 2007, 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

Eds. Note: To schedule an interview or request a biography or photograph of Ephren Taylor, contact V.K. Fields at (919) 829-5951 or request via e-mail to michael@vkfields.com.

Media Contact: Michael Vaughn Stanley (919) 829-5951 office V.K. Fields & Co. michael@vkfields.com