Here a bit more specific:DALLAS/EWORLDWIRE/June 23, 2004 --- Citizens Capital Corp. (OTCPK:CAAP), today announced it has
contacted Footstar Inc. (OTCPK:FTSTQ) 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), its biggest
supplier. On May 7 Foot Locker Inc. (NYSE:FL), 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 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 www.scorbrands.com.
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'Alone we can do so little; together we can do so much.' - Helen Keller