City Capital Corporation -- Green Energy Expansion -- New Acquisition Offers Solar Power and LED Lighting Nationwide
January 12 2012 - 9:00AM
Marketwired
Having a firm belief that Green Energy is a sound investment as a
necessity for the world's future energy requirements, City Capital
Corporation (PINKSHEETS: CTCC) has acquired Strategic Energy and
Power (STEP), a Nevada-based startup that manufactures, installs,
sells and distributes solar installations and LED lighting. It also
has proprietary technology that promises to be the future of the
industry.
"The company is particularly enthused about its adaptation for
terrestrial use of solar generators previously used only in space
applications," said company CEO Donald MacIntyre. "We're also in
the process of patenting a system that captures off-angle solar
energy without the use of a tracking device that will allow much
more efficient and inexpensive generation of solar power. Green
Energy is still in its infancy, and we're excited about becoming a
leader in this growth industry."
With distribution and installation agreements already in place,
the company offers solar and LED installation for both residential
and commercial applications around the country. Talks are upcoming
with several Native American entities for systems to meet their
needs, and plans are underway to bid competitively for governmental
contracts.
Safe Harbor Statement - This release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 27E of the Securities Act of 1934. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions. Such
statements are based on management's current expectations and are
subject to certain factors, risks and uncertainties that may cause
actual results, events and performance to differ materially from
those referred to or implied by such statements. In addition,
actual or future results may differ materially from those
anticipated depending on a variety of factors, including continued
maintenance of favorable license arrangements, success of market
research identifying new product opportunities, successful
introduction of new products, continued product innovations, sales
and earnings growth, ability to attract and retain key personnel,
and general economic conditions affecting consumer spending.
Readers are cautioned not o place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
City Capital Corporation, does not intent to update any of the
forward-looking statements after the date of this release to
conform these statement to actual results or to changes in its
expectation, except as may be required by law.
Contact: Donald MacIntyre 702-294-0111
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