I'm tryin'...but I'm tryin' to drive too. Neither workin' real well at the moment.....
Citizens Capital Agrees to Acquire A.M. Journal Assets From American Consolidated Media
Friday September 17, 6:59 am ET
DALLAS, Sept. 17, 2004 (PRIMEZONE) -- Citizens Capital Corp. (Other OTC:CAAP.PK - News) today announced that it has reached agreement with Dallas-based American Consolidated Media Inc. regarding the asset acquisition of its Dallas-based A.M. Journal Express news publication. The A.M. Journal Express, the first daily, a la carte news publication in Dallas, operated as a five-day-a-week, full-color publication targeting the 18 to 54 age group who typically shun the daily reading of traditional newspapers due to a lack of time. Prior to suspending its operations in April 2004, the A.M. Journal Express employed a staff of 26 with a daily circulation of 140,000 copies.
The announcement of the A.M. Journal Express entry into the Dallas market prompted the launch of Quick, a five-day-a-week, a la carte news publication, published by the Belo Corporation's (NYSE:BLC - News) Dallas Morning News.
``The A.M. Journal Express assets are seen as a strategic addition and compliment to our media and advertisement stratagem going forward,'' stated Billy D. Hawkins, CEO of Citizens Capital Corp. Net proceeds from the recently announced private placement of 7 million shares of the company's Class A common stock, held by the Citizens Capital ESOP Trust, puts us in an excellent position to pursue and take advantage of various synergistic, acquisition opportunities as they come available.``
About Citizens Capital Corp.
Citizens Capital Corp. is a development-stage, acquisition-oriented holding company that is engaged in the development and/or acquisition of both operating companies and assets across several identified sectors and through the application of well-defined management stratagems which enhance shareholder value.
About American Consolidated Media Inc.
American Consolidated Media Inc. is a privately held, Dallas-based media company which currently publishes 29 community newspapers throughout Texas and Okla.
Further information is available by contacting Jeremy Halbreich, CEO of American Consolidated Media Inc. at (972) 691-4066, or at halbreich@amconmedia.com.
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Citizens Capital Sets For Acquisitions, Announces 7 Million Share Private Placement
Tuesday September 14, 9:19 am ET
DALLAS, Sept. 14, 2004 (PRIMEZONE) -- Citizens Capital Corp. (Other OTC:CAAP.PK - News) today announced that its Citizens Capital Corp. ESOP Trust has entered into a definitive funding agreement with several accredited investors, resulting in the aggregate private placement of 7 million shares of the company's common stock, held by the Trust. This first of several funding rounds consists of placement of 1.92 million common shares for gross proceeds of $600,200.00 or approximately $0.31 per share. Pursuant to a call exercised by the company, net proceeds from the 7 million aggregate private placement shall accrue to and be utilized by the company to facilitate consummation of several perspective acquisition transactions, fund growth of its existing footwear and media assets, and for general corporate purposes.
``We are pleased with this first-round funding,'' stated Billy D. Hawkins, CEO of Citizens Capital Corp. ``In conjunction with our next funding rounds, we would like to increase our merger and acquisition deal flow and possibly expand the placements amongst several key institutions. These funds provide a level of patient capital allowing us to act aggressively when our evaluations indicate a strategic acquisition fit.''
About Citizens Capital Corp.
Citizens Capital Corp. is a development stage, acquisition-oriented holding company who, through its wholly owned SCOR Brands Inc. and Media Force subsidiary units respectively, is the designer, exclusive marketer and distributor of the SCOR Brand line of athletic footwear and publisher of a national, monthly, subscription-based financial news publication whose first issue is scheduled for the fourth quarter of 2004. As part of its new marketing initiatives, SCOR recently unveiled its Forever Just Say No to $100 and $200 commercial ad. The ad spot is currently webcasting at http://www.prweb.com/prfiles/2004/02/12/104775/soot0303.wmv. SCOR products are available exclusively at its online SCOR Store, http://www.scorbrands.com.
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Citizens Capital Seeks Asset Acquisition of Footstar Just For Feet Footwear Chain
Wednesday June 23, 6:59 am ET
Destination: Fitting Feet With Shoes Around the World
DALLAS, June 23, 2004 (PRIMEZONE) -- Citizens Capital Corp. (Other OTC:CAAP.PK - News), today announced it has contacted Footstar Inc. (Other OTC:FTSTQ.PK - News) regarding the residual asset acquisition of its Just For Feet retail footwear chain to include its JustForFeet.com online store whose operations have been discontinued with a liquidation of all current inventories.
Footstar, whose athletic footwear division included both the Footaction and Just For Feet footwear chains, totaling 516 retail stores with a 2003 year-end revenue of approximately $973 million, announced on March 2 that it would close its entire 88-store Just For Feet chain and 77 of its 428 Footaction retail outlets pursuant to a plan of reorganization under Chapter 11 of the United States Bankruptcy Code. Subsequently, Footstar announced that it would accelerate its exit from the athletic footwear business to include the sale of its entire Footaction retail outlets after failing to obtain a supply agreement with Nike Inc. (NYSE:NKE - News), its biggest supplier. On May 7 Foot Locker Inc. (NYSE:FL - News), the top U.S. athletic footwear retail chain, announced that it had purchased 350 Footaction retail stores from Footstar Inc. for $225 million.
Citizens Capital Corp., through its wholly owned SCOR Brands Inc. unit, is the designer, exclusive marketer and distributor of the SCOR Brand line of athletic footwear. SCOR recently announced its national Forever Just Say No to $100 and $200 Sneaker ad campaign scheduled to begin airing on television during the fourth quarter of 2004. The commercial is currently webcasting at:
http://www.prweb.com/prfiles/2004/02/12/104775/soot0303.wmv.
SCOR offers several categories and styles of SCOR branded basketball, jogging and outdoor footwear products in a variety of colors. SCOR products are available exclusively at its online global SCOR Store located at http://www.scorbrands.com.
``As we strategically come into the living rooms of homes in key metropolitan markets with our various commercial television ad campaigns, the acquisition of the Just For Feet chain would provide immediate brand extension and a physical presence of the SCOR brand in many leading consumer markets,'' stated Billy D. Hawkins, CEO of Citizens Capital Corp. Hawkins added, ``Subsequent to the overall market stagnation resulting from the post-September 11 economy, we are excited to resume the pursuit of those specific corporate and asset acquisition opportunities intended to grow both assets and revenues while increasing shareholder value.''
About Citizens Capital Corp.
Citizens Capital Corp. is a development stage, acquisition-oriented holding company that is engaged in the development and/or acquisition of both operating companies and assets across several identified sectors and, through the application of well defined management stratagems, it aims to enhance shareholder value.
About SCOR Brands Inc.
SCOR Brands Inc. is a subsidiary of Citizens Capital Corp. and it is the designer, exclusive marketer and distributor of the SCOR Brand line of footwear. SCOR products may be previewed at its online SCOR Store located at http://www.scorbrands.com.
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Whoever is first in the field and awaits
the coming of the enemy, will be fresh for the fight; whoever is
second in the field and has to hasten to battle will arrive
exhausted.
- Sun Tzu
Dog