With L.A. Juice, City Capital Corporation Acquires Health-Conscious Restaurants
June 17 2009 - 8:00AM
Marketwired
City Capital Corporation (PINKSHEETS: CTCC) announces the
acquisition of two popular smoothie restaurants as part of the
company's City Juice Systems, LLC subsidiary. L.A. Juice Co. is a
healthy and quick alternative to fast food, serving over 60 types
of smoothies. Each restaurant location has annual un-audited
revenues of over $180, 000.
Established in 2004 as an independent business, L.A. Juice was
designed with a Southern California theme in mind. The success of
the Southern California smoothie restaurant business influenced the
bright, energetic color scheme and open atmosphere. In addition,
all of the smoothie recipes are named after popular Southern
California locations and vernacular.
L.A. Juice has shown success due in part to its advantageous
locations. Placed directly in front of a high school and across the
street from the Sprint World Headquarters, the first acquired
restaurant has achieved an established and loyal clientele. The
second location is 6 miles down the road in an equally prime
location, with two heavily frequented complementing
restaurants.
The restaurant also offers full-service on-site catering,
web-based delivery, and smoothie delivery to events, which sets
L.A. Juice apart from the local competition. It is not only the
wide variety of services that makes this a profitable business; the
restaurant is not a franchise and therefore has no royalty or
advertising fees. However, L.A. Juice gives City Capital the
opportunity to take part in the franchise industry in the future.
For now, company locations and licensee options are both being
considered.
With one location adjacent to a high school and the other next
to leading restaurants, City Capital provides a clean, safe, and
popular environment for adolescents and teenagers to socialize.
City Capital plans to initiate a program to provide the younger
generations of the community with the opportunity to gain financial
independence and experience, expanding City Capital's mission of
"Socially-Conscious Investing To Empower Communities." CEO Ephren
Taylor explains, "L.A. Juice was not only a great addition to our
corporate portfolio, it gives us another way to impact local youth
with hands-on job training and a dynamic management development
program."
Just as important is the impact the restaurants will have on the
health of the communities. According to the Center for Disease
Control, 26.9% of Kansas' and 27.5% of Missouri's population is
considered obese. "In an area with few healthy food options," Mr.
Taylor says, "L.A. Juice provides a healthy alternative for a
massive epidemic of obesity negatively impacting our
communities."
For More Information Please Visit http://www.lajuiceco.com
For Licensing Opportunities Contact Kinta Dixon at 877-367-1463
or email KXDixon@CityCapCorp.com
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.
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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