City Capital Corporation – OTCBB: CCCN – Stock Guru Profile
CCCN – City Capital Corporation in acquiring Granite Real Estate Investment Company, LLC, recognized 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.
This is tremendous news for Philadelphia. Recently, The Philadelphia News ran a letter to the editor from the very working class families that CCCN will help. Here is that letter. It says more than all the statistics could provide… though we will be following up with those statistics.
Stock Guru is forwarding this letter to Granite as well … so they can inform Ms. Madison: Help Is On the Way!
Letters to the Editor: The plight of the not-poor-enough
3 May 2007
The Philadelphia Daily News. All Rights Reserved.I’D LIKE ANY of the mayoral candidates to address the needs of the “not-so-poor” people of Philadelphia.
Recent news reports say that there is no more middle class – and I agree. Because I earn about 50k a year, I don’t qualify as low-income, but am far from wealthy.
I’d like to purchase one of the many new homes being built in this city, but they start at 200k, and that is out of my budget. The homes being built by Philadelphia Housing Authority are nice, too, but I can’t buy one of those because I only have two people in my household (myself and one child), and I am above PHA’s income guidelines.
It seems as if all the assistance programs are for those who don’t work and have four or more children. It makes me angry to see them living in these new houses when they have done nothing but make bad choices.
They’re home asleep when I’m leaving for work, and sitting on the steps doing nothing when I come home.
I struggle to pay my entire gas bill every month and most of them get LIHEAP and other grant programs. I guess I should quit my job and have three more kids in order to get ahead in this city.
Diane Madison
Philadelphia
If there was any doubt … what so ever about what CCCN is doing this letter clears it up. Not JUST the letter but the fact that the editors of the leading Philadelphia newspaper, the Daily News, selected it for publication. Everyone knows on their gut level this need exists but this letter reveals the personal story behind the statistics and we will be bringing you the statistics to support it.
Source: CCCN and Philadelphia Daily News
Officers: Ephren Taylor, CEO
Gary Borglund, President/CFO/Secretary
CCCN — City Capital Corp.
2535 Pilot Knob Road
Suite 118
Mendota Heights, MN 55120
Website: http://www.citycapitalcorp.net/
Phone: (651) 452-1606
Fax: 651-452-5828
Forward Looking Statement: 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-KSB 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. StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com. Disclosure: Pentony Enterprises LLC was compensated $12,500 directly from the company for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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City Capital Corp.
Symbol: CCCN-U (C0000)
City Capital -NASB – CCCN-U
Exchange: NASB
CUSIP: 17776P100
S&P GICS:
Sector: SEDOL: B0536D8