Clean Sweeps Holdings Sweeps Up Big With $5.7 Million Sweepstakes Financing Program
30 Septembre 2010 - 1:00PM
Marketwired
City Capital Corporation's (PINKSHEETS: CTCC) wholly owned
subsidiary Clean Sweeps Holdings, LLC announces the launch of their
major $5.7M financing initiative this fall. Through a strategic
partnership with several national and international banks, Clean
Sweeps Holdings, LLC has secured credit based financing for future
strategic partners in the Sweep Income program. This new financing
arrangement makes available millions in new financing dollars for
their sweepstakes division partners.
"We have been working for over a year to bring this option to
the table for our clients and partners. Competitive financing
options are critical in this economy to successful business
partnerships. Our new partners now have a solid 100% no money down
financing option. This is a game changer, and a major momentum
shift of the growth of this company. This could easily add an
additional $6M-$7M to the top line if we can execute on the
marketing over the next 12 months," said Ephren Taylor, CEO of City
Capital Corporation.
The company expects a significant increase in sales of their
sweepstakes platform due to the new deal. The arrangement provides
for small business owners to now participate in the sweepstakes
business with 100% no money down credit based financing. Credit
based financing for sweepstakes partners will place the product in
the hands of the small business owner without using their existing
cash reserves. The company expects the arrangement to increase
sales, and the company has seen an immediate increase in demand
earlier in the week.
The company plans to launch a national ad campaign later this
year to market their line of sweepstake based gaming solutions. In
past months the company tested a multi faceted marketing initiative
comprised of multiple forms of broadcast media. As a result of the
successful campaign, thousands of interested current and aspiring
business owners contacted the firm.
Earlier this month the company announced the opening of five new
retail centers in Virginia. The company anticipates investing
approximately $100,000 per new retail location for a total capital
contribution not to exceed $500,000 in buildout over the next
ninety days. The company is targeting additional gross revenue from
the five new locations of approximately $700,000 annually. The
estimated target revenue is based solely on the average unaudited
gross sales of existing operating locations in the region.
Management at the company anticipates having the five new locations
up and operating within the next quarter.
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, 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.
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, the 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 (PINKSHEETS: 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: Investor Relations 877-685 CTCC (2822)
IR@CityCapCorp.com City Capital Corporation www.CityCapCorp.com
www.SweepStakesIncome.com
City Capital (CE) (USOTC:CTCC)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
City Capital (CE) (USOTC:CTCC)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024