ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CTCC City Capital Corporation New (CE)

0.000004
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
City Capital Corporation New (CE) USOTC:CTCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000004 0.00 01:00:00

Virginia Beach Off to a Great Start for City Capital's Sweepstakes Business Model

21/09/2010 12:39pm

Marketwired


City Capital (CE) (USOTC:CTCC)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more City Capital (CE) Charts.

City Capital Corporation's (PINKSHEETS: CTCC) wholly owned subsidiary Clean Sweeps Holdings, LLC announces the positioning of sixty two Sweepstakes Income gaming units in Virginia Beach, VA. Clean Sweeps Holdings, LLC is currently positioning Sweepstakes Income gaming terminals in retail locations across the southeastern United States. Retail entities there are now experiencing stunning growth rates as the hotly-popular gaming phenom continually brings in new clientele and revenue.

Sweepstakes Income games allow players to win cash prizes at terminals located in shopping centers and kiosks. The games attract players of all types, diversifying the clientele that frequent retail business entities. Comparable to the McDonald's Monopoly gaming concept, Sweepstakes Income games are 100% legal, yet they offer far more feasible probabilities for achieving victory. And perhaps more significantly, owners of Sweepstakes gaming machines regularly experience significant, rapid revenue generation that is simplistically sustainable.

The figures generated from the sixty two Sweepstakes gaming terminals in Virginia Beach, during the opening month of July 2010, demonstrated great resilience of the sweep income business model despite an economic recession. On average, each gaming terminal is generating total unaudited gross monthly income of just over $182 per terminal. Considering that the retail price to the general public is $4,997.00, mid and long-term ROI levels are considered exceptional. When most American businesses are experiencing declines in sales, it is even more impressive for this model to post these numbers in this economic climate.

Ephren Taylor, Chief Executive Officer of City Capital Corporation, stated, "Virginia Beach has a ton of potential, and we plan to monetize it heavily for our clients."

Gaming terminal owners agree to pay a percentage of proceeds to Clean Sweeps Holdings, LLC, which in turn donates a hefty portion of every penny earned to various charities and other socially conscious projects. The entire Clean Sweep Holdings, LLC gaming system presents a win-win-win situation for consumers, retail business owners and individual entrepreneurs marketing the opportunity. For the consumer, a 100% legal cash incentive based gaming system presents an exciting avenue for entertainment. For retail business owners that house the units, an influx of new clientele is experienced. And for the owners of the gaming units, affordable, sustainable passive income streams are generated.

About Clean Sweeps Holdings, LLC Clean Sweeps Holdings, a wholly owned subsidiary based out of Raleigh, North Carolina, currently leverages innovative gaming technology to assist retail merchants in increasing revenue while assisting charities with raising much needed financial resources. The software itself is an interactive suite of video games that allows merchants to run their own private sweepstakes to encourage customers to spend more in their retail locations. When consumers purchase the promoted items, a portion of those proceeds helps to raise financial resources for selected charities. The company earns revenue from managing the software and hardware solutions on a subscription and percentage basis. The company has recently collaborated with several development partners for continued expansion of new and engaging interactive applications to increase the effectiveness of the existing platform.

About City Capital Corporation City Capital Corporation (CTCC), founded in 1984, is a leader in the production and distribution of emerging new gaming technology. Its holdings include corporate owned retail stores and partnerships across the nation. City Capital also maintains its long track-record of both building value for investors and shareholders, while keeping with its socially responsible focus. A significant share of profits are donated to charity and other worthwhile causes.

Contact: Rich Inza Investor Relations 877-685 CTCC (2822) IR@CityCapCorp.com City Capital Corporation www.CityCapCorp.com www.SweepStakesIncome.com

1 Year City Capital (CE) Chart

1 Year City Capital (CE) Chart

1 Month City Capital (CE) Chart

1 Month City Capital (CE) Chart