| LAS VEGAS, April 27, 2012 /PRNewswire/ -- City Capital Corporation (pinksheets: CTCC) today announced that Strategic Energy and Power Inc. (STEP) and the company have rescinded their purchase agreement. At the time of acquisition, STEP was unaware of the full extent of potential liabilities, and acquisition has been rescinded accordingly. While STEP is no longer a CTCC subsidiary, CTCC is negotiating a license agreement for some of the STEP technology and is pursuing its ongoing business opportu...continued CTCC stocks Financial stock |
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