CAAP..news..more to come in the following weeks.. :)))
I like the words... "electronic media potential"
Wednesday May 17, 11:24 am Eastern Time
Company Press Release
Citizens Capital Corp. to Acquire Printing and Graphics Company
DALLAS--(BUSINESS WIRE)--May 17, 2000--Citizens Capital Corp. (OTCBB:CAAP - news) today announced that it has executed an agreement to acquire Desoto, Texas-based Taylor Printing & Graphics Co.
Taylor will be integrated into CAAP's new MEDIA FORCE *Signs*Graphics & Media unit. The transaction is scheduled to close on June 1.
``As we have stated from the launching of Citizens Capital, we will make acquisitions wherever we see truly outstanding opportunity. Taylor Printing & Graphics provides such an opportunity,'' said Billy Hawkins, president of Citizens Capital.
``We envision Taylor as a key component and building block for our new MEDIA FORCE *Signs*Graphics & Media unit. Most important, it will bring immediate revenue to CAAP and Taylor will be able to support itself as we develop its electronic media potential.''
Continuing, Hawkins said: ``The need for traditional marketing, promotion and advertisement of commercial goods and services, that Taylor provides, will always be essential.
``However, we believe that the next step is to make a suite of electronic media products and services accessible to businesses on a retail basis that will provide their products and services with a new presence and level of distribution which has a global reach. Taylor will provide the foundation for the development of these electronic media products.
``Citizens Capital continues to have under consideration a number of other acquisition opportunities,'' Hawkins added.
About Taylor Printing & Graphics Co.
Taylor Printing & Graphics Co. is a 19-year-old retail operation that specializes in providing general printing and graphics services to businesses involved in various areas of commerce. Its services primarily include the provision of envelopes, business cards, invoices, letterhead, brochures and catalogs.
About Citizens Capital Corp.
Citizens Capital Corp. is a development-stage, acquisition- oriented holding company that intends to engage in the development and/or acquisition of businesses across several sectors and, through the application of well-defined management strategies, to enhance shareholder value for Citizens Capital Corp. shareholders.
For further information, contact Billy D. Hawkins at 972/960-2643 or visit the company's corporate Web site at www.citizenscap.com.
Citizens Capital Corp. is a fully reporting company.
This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Citizens Capital Corp. to accomplish its stated plan of business. Although Citizens Capital Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this news release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Citizens Capital Corp. or any other person that the objectives and plans of Citizens Capital Corp. will be achieved.
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Contact:
Citizens Capital Corp., Dallas
Billy D. Hawkins, 972/960-2643
www.citizenscap.com |
