City Capital Corporation Contracts Legal Outsourcing Group LLC ...
City Capital Corporation (Pinksheets: CTCC) announces that it has retained the services of Legal Outsourcing Group LLC. With combined management experience of over 40 years in the areas of financial restructuring and workouts, Legal Outsourcing Group LLC will separate and address the old liabilities and contingencies of City Capital Corporation, so that new management can focus on the further development of our newly expanded subsidiary Strategic Energy and Power. STEP is a Nevada-based subsidiary that designs, manufactures, distributes and installs commercial solar power generating installations and commercial LED lighting systems, using its patented and licensed technologies.
The company is particularly enthused about this new business relationship. By contracting with LOG, the company will continue to separate the past from the future. When the new team took over management of CTCC last November, it was faced with legacy claims from old investors and stockholders regarding troubles with the prior management team. ?We are very confident that this will be an effective and cost efficient way to reduce or eliminate a significant portion of the old liabilities, and create a strong platform for future growth of our STEP subsidiary,? stated company CEO Donald MacIntyre. ?Additional information regarding this agreement will be posted on a new (to be established) company web site shortly.?
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 up-coming with several Native American entities for systems to meet their needs, and plans are underway to bid competitively for governmental contracts.
Source: Bradenton
Source: http://bizdevnews.com/2012/02/city-capital-corporation-contracts-legal-outsourcing-group-llc/
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