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They had news today and below that news I've posted more DD for all you sharks..Rotfl.... I was told there was something like 400K in the float an 5 market makers at the table... Thursday May 11, 9:00 am Eastern Time Company Press Release Citizens Capital Corp. Readies Web Site New Product Launch DALLAS--(BUSINESS WIRE)--May 11, 2000--Citizens Capital Corp. (OTCBB:CAAP - news) today announced that it has launched its corporate Web site at www.citizenscap.com. The purpose of the Web site is to provide those interested in information regarding Citizens Capital to be able to find all relevant information at one central Internet location. The site provides links to current Citizens Capital SEC filings, a Yahoo link for a current quote on Citizens Capital stock and information on Citizens subsidiaries. Billy D. Hawkins, president of Citizens Capital, commented about the official launching of the site: ``Because corporate events and interest as reflected in the capital markets often times move at an extremely rapid pace, we at Citizens Capital felt it was important to launch www.citizenscap.com at this time so that a window to our unfolding progress will be available to keep our shareholders and the investment community abreast of current information regarding company developments. ``We are now positioned to begin the first steps of moving from a development-stage company to an operational company. This process will not only include the roll-out of our current products and services, but also the initiation of our corporate acquisition program. ``In the very near future, we anticipate announcing the introduction of our SCOR brand line of shoes into the consumer market place. The principal categories intended for production by SCOR are the SCOR© brand line of basketball, golf, running and outdoor shoes. The SCOR© brand line of shoes shall aggressively challenge Nike and Reebok for market share. ``The basketball, running and outdoor categories are targeted primarily towards the urban and suburban teenage markets. In addition, the presence of our golf category will allow SCOR to round out its product offerings by reaching into the 27-60 age demographic, who by the way, are generally the purchasers of those products targeted towards teenagers.'' Citizens Capital Corp. is a development-stage, acquisition-oriented company whose objective is to maximize shareholder value by engaging in the development of assets and/or the acquisition of businesses across several sectors through the implementation of well-defined management strategies. For further information contact Billy D. Hawkins at 972/960-2643 or visit www.citizenscap.com More stuff.. CITIZENS CAPITAL CORP. (CAAP)  SCOR Brands enters 4-year exclusive purchasing agency agreement with Johnes Hitech International, Inc. for the production of SCOR Brand athletic shoes and apparel.  SCOR Brands 3-year sponsorship and marketing agreement as the official basketball shoe and apparel company of the United States Basketball League (USBL).  Initial SCOR Brand products include basketball; running, golf and casual brown walking lines.  USBL agreement provides SCOR Brands shoes and apparel a platform to market, promote and distribute its branded products in three of the ten largest US metropolitan areas.  SCOR E-tail storefront to be set up on the Internet targeted for the second quarter of 2000 in order to provide SCOR brand products with national availability and distribution.  Landrush Realty Corporation surveying San Antonio sights for mixed use stadium, arena, convention center, hotel and golf resort, residential, office and entertainment complex.  Media Force Sports & Entertainment, Inc. agreement in principle for acquisition of Pro-Com Legal Video Inc. and Stadiuminsider.com online publication and website.  As a publicly traded company, Citizens Capital Corp. now has stock currency available to initiate, facilitate and consummate its mergers and acquisitions program and thereby maximize shareholder value. Key Facts Through three wholly owned subsidiaries, Citizens Capital Corp. is an aggressive acquisitions oriented holding company pursuing growth through the introduction of its own products and services and the purchase of revenue, assets and cash flow of operating companies in order to maximize shareholder value. The subsidiary companies include SCOR Brands Inc., Landrush Realty Corporation and Media Force Sports & Entertainment, Inc. Each business unit provides Citizens Capital Corp. with a platform to enter into the design, marketing and distribution of branded athletic shoes and apparel; branded residential mortgage loan marketing, commercial real-estate investment and development, branded news print publishing and media production. History Bill Hawkins founded Citizens Capital Corp. in 1991. Since inception, Citizens Capital Corp. has created and designed proto type products and services for introduction into the marketplace. Finished products are scheduled for introduction into the consumer marketplace during the second quarter of 2000. In conjunction with the creation and introduction of its initial products and services into the marketplace, Mr. Hawkins has constructed Citizens Capital Corp. as an acquisition vehicle to pursue its objectives of establishing and maximizing shareholder value by aggressively acquiring the revenue, assets and cash flows of existing operating entities. To further maximize shareholder value, it is Citizens Capital Corp.?s objective to evaluate each of its subsidiaries for spin-off to its shareholders at the appropriate time. Business/Products In the multi-billion dollar athletic shoe and apparel market, Citizens Capital Corp.?s subsidiary, SCOR Brands, Inc. shall begin designing, producing and marketing its SCOR Brands line of athletic shoes and apparel to the urban and suburban teenagers. SCOR Brands intents to advertise in targeted local markets by utilizing radio and regionally utilizing Fox Sports Southwest for access to three of the ten largest metropolitan markets in San Antonio, Houston and Dallas. The opportunity for SCOR Brands to increase its marketing, promotion and distribution of its products in key markets such as New York City, Washington D.C. and Atlanta as the exclusive basketball shoe and sports apparel company of the United States Basketball league from which 123 alumni have been discovered by and played in the National Basketball Association. Landrush Realty is evaluating several sites of prime San Antonio real estate for mixed use hotel, golf resort, stadium and arena convention complex by using commercial mortgage backed securities instead of or as a supplement to municipal bonds. This expedites the acquisition of property and the construction of such facilities in lieu of relying solely on local, state and/or city approval for funding. Media Force Sports & Entertainment, Inc. enhances all of Citizens Capital Corp.?s efforts through its marketing and advertising abilities. These can further be expanded through agreements in principle reached for the acquisition of the Stadiuminsider.com publication and web site, Pro-Com Legal Video, Banner Express and the introduction of Black Financial-News into the national consumer marketplace. . Market SCOR Brands objective is to design, produce and market quality, stylish and mid priced shoes and apparel to compete with equal quality, higher priced products offered by competitors such as Nike, Reebok and Adidas. The San Antonio, Texas area is thriving with an opportunities for greater tourism dollars combined with the greater demand to support that industry through the development of professional and commercial offices and industrial warehouse sites. San Antonio has also received recognition as the future prospective home for national level football or hockey teams. This provides a ground floor opportunity for Landrush Realty?s pursuit of property to satisfy those immediate and prospective needs in the San Antonio market and SCOR Brands desire to increase awareness of its branded athletic shoes and apparel. Management Billy D. Hawkins, Chief Executive Officer, is the founder of Citizens Capital Corporation. Since 1991, Mr. Hawkins has successfully structured and developed the vision of Citizens Capital Corporation through a solid foundation based on educational and financial experience. Mr. Hawkins earned a bachelor degree in finance in 1986 from the Eastern New Mexico University. Mr. Hawkins excelled in finance as a financial analyst with M & H Advisors and Staff Accountant About Pro-com legal video, Inc.: ncraonline.org Allen Silva, CLVS Pro-Com Legal Video, Inc. 1700 Commerce St., #600 Dallas, TX 75201 OFC 214/698-9500 FAX 214/698-9505 Friday October 29, 1:46 pm Eastern Time Company Press Release SOURCE: Citizens Capital Corp. Citizens Capital Seeks San Antonio Arena Site; Launches Corporate Acquisition Initiatives DALLAS, Oct. 29 /PRNewswire/ -- Citizens Capital Corp. (OTC Bulletin Board: CAAP - news) today announced that it is seeking acreage in San Antonio, Texas for a mixed use, hotel golf resort and arena convention plex to be developed by its Landrush Realty Corporation subsidiary. In addition, the Company through its Media Force Sports & Entertainment Inc. subsidiary, announced that it has reached an agreement to acquire Dallas based Pro-Com Legal Video Inc. The planned mixed use real estate development consist of a hotel cluster; golf course & fitness spa; arena & convention plex; restaurants; retail power center; cinema & entertainment plex; multi-family; and single family residential components. Further, the master plan includes an economic component consisting of commercial; professional office; and industrial warehouse sites. Billy D. Hawkins, a San Antonio native and President of Dallas based Citizens Capital Corp. said, ``we expect the commercial; professional office; and industrial warehouse sites to consist of various manufacturers, distributors and service companies. These companies will in turn employ people and serve as economic generators for the community selected for development'. Says Hawkins, ``our market focus is on tourism, conventions, trade shows, conferences, scheduled & special entertainment events, and the local retail community. We intend for this proposed development to be the premier destination location of its kind in the Southwest'. Mixed use arena & convention developments are typically financed by bond obligations issued by state, county or local taxing authorities. Because the funds to repay debt created by a bond issuance are generated from taxes levied on residents of or visitors to the taxing jurisdiction, any bond issuance that would impose taxes must be approved by the appropriate council, electoral board or voters residing in the taxing jurisdiction. Mr. Hawkins says, `` if John or Jane Q. Citizen are given the option of being taxed $1 or taking that same $1 and purchasing an equity position, most people would prefer to purchase equity as opposed to being taxed and getting nothing in return. We intend to tap the public capital markets in placing both equity and debt. This approach creates opportunities for participation by investors located not only in San Antonio but also throughout the domestic and international capital marketplace. National Capital L.L.C. (Market Maker ID is NATC) is our lead market maker. As our overall corporate and real estate acquisition program unfolds, we anticipate a very active market in our equity'. Hawkins continues, ``the construction of each building would initially be funded with short term construction financing which then is to be taken out by long term, permanent commercial mortgages. These individual mortgages would subsequently be pooled together, packaged as mortgage backed debt securities and sold in the secondary mortgage market. This approach creates fixed income, asset backed mortgage instruments which provide an ongoing stream of income to investors. In addition to income generated from the arena convention plex component, lease rental income streams from tenants occupying industrial warehouse; office; retail; commercial; restaurant; apartments; cinema and entertainment facilities would be expected. Moreover, today's advances in the electronic media provide both internal and external facility signage opportunities which would add to income stream generation'. Since Citizens Capital Corp.'s approach does not result in taxes being levied on either residents of or visitors to the development locale, the issuance of any equity or debt to supplement the cost of development does not rely upon the approval from a council, electoral board or voters residing in the taxing jurisdiction. In addition, the Company today announced the launch of its corporate acquisition initiatives. Through its Media Force Sports & Entertainment Inc. subsidiary, the Company has reached an agreement to acquire Dallas based Pro- Com Legal Video Inc. Pro-Com currently operates in the market niche of producing video depositions, wills & testaments and courtroom playback. Pro-Com generated 1998 revenue of $329,168 and its primary clients consist of attorneys, court reporters and para-legals. Recent changes in state law now permit video testimony to be used in addition to or in place of typed court reporting. ``We will continue in the market niche that Pro-Com currently operates in', says Hawkins, ``we also intend to utilize Pro-Com's assets to begin producing commercial ad spots, entertainment videos and television content for satellite distribution. We also intend to utilize our Media Force Sports & Entertainment Inc. unit as an expansion platform to acquire media content, production and distribution companies'. Citizens Capital Corp. is a development stage, acquisition oriented, holding company which seeks to acquire and/or develop those operating entities, assets and/or marketing rights which provide the Company with an entrance into new market segments or serve as a complimentary addition to existing products or services. Through its three wholly owned subsidiaries: Landrush Realty Corporation; Media Force Sports & Entertainment Inc.; and SCOR Brands Inc., Citizens Capital Corp.'s objective is to buy revenue and grow shareholder value by taking aggressive acquisition initiatives to expand in each of the following three business segments: 1) branded residential mortgage loan marketing; commercial and residential real estate investment and development; 2) branded news print publishing; media production; media content and 3) the design, marketing and distribution of the SCOR brand of athletic shoes and apparel respectively. CAAP - CITIZEN'S CAPITAL CORP. Title: CMBS Arena Fincancing Begins With Citizens in Texas Summary: Bringing to the fore a seldom-used and unique alternative to the municipal financing approach for the construction of arenas and convention centers, Texas-based holding company Citizens Capital Corp. said last week that it will be issuing commercial mortgage-backed securities next year to fund the development of a mixed-use hotel/ golf resort and arena convention complex in San Antonio. CMBS Arena Fincancing Begins With Citizens in Texas Bringing to the fore a seldom-used and unique alternative to the municipal financing approach for the construction of arenas and convention centers, Texas-based holding company Citizens Capital Corp. said last week that it will be issuing commercial mortgage-backed securities next year to fund the development of a mixed-use hotel/ golf resort and arena convention complex in San Antonio. By utilizing a corporate and real estate financing approach for the endeavor, as opposed to the typical municipal route, the company hopes to benefit in several ways, including the ability to bypass the need to have the proposition voted on by members of the local, state or city taxing jurisdiction. "Though our approach is a traditional corporate financing method -- it is often used to fund the development of large downtown office buildings -- we are utilizing it in a slightly different way," said Bill Hawkins, president of Citizens Capital. "One of the benefits of the municipal route, from an investor's standpoint, is that the income is generally tax-free. However, by utilizing our approach, while the income earned is not tax-free, you compensate for that by having a higher yield, which offsets the tax-free components of a municipal approach." A Novel Method Typically, convention and entertainment complexes are financed by municipal-bond obligations issued by state, county or local taxing authorities. Hence, any bond issuance that would impose taxes must be approved or voted on by the appropriate council, electoral board or voters residing in the taxing jurisdiction. However, by accessing the capital markets, Citizens Capital is able to get around the municipal aspect of having to take the whole transaction before a vote by the residents of such a jurisdiction. In this way, the issuance of mortgage-backed debt to finance the construction of the mixed-use complex presents many advantages to both the company and the investors. "We're talking about the same dollars here, whether it is done with the municipal approach or our approach," Hawkins said. "It is still going to be a multi-million dollar project, either way. But by utilizing MBS, we get the transaction done, and the structuring of the financial instrument provides investors with liquidity to get into an investment and then get out of the investment at some point in time." The CMBS issuance, which will be in the "multi-hundred million dollar" range, Hawkins said, is expected to take place sometime next spring, and will be launched by the company's Landrush Realty Corp. subsidiary. The construction of each building would initially be funded with short-term construction financing, which is then to be taken out by long-term, permanent commercial mortgages, Hawkins noted. These individual mortgages would subsequently be pooled together, packaged as MBS and sold in the secondary mortgage market. A significant advantage of the corporate financing plan is that it uses the various income streams -- income generated from the arena convention complex, restaurants, office facilities, cinema and entertainment facilities, and lease rental income, to a name a few -- which investors can rely on. "Investors can count on a lot of traffic to that facility," Hawkins said. "There is an ongoing stream of income, and especially with advances today in the digital media, there will be both internal and external corporate signage opportunities for income." MBS Approach Will Become Popular Hawkins attributes the infrequency of utilizing MBS for arena financing to a general lack of knowledge on the part of sports and entertainment business people about the overall techniques of corporate financing and of how to properly tap the capital markets. "Investors in the 144A market on the municipal side are generally the same people who you see on the corporate private debt side," Hawkins said. "In terms of getting the project done and funded, there is little difference in what instruments you use because the end investor will be some institutional investor. The instruments are still secure and collateralized, so we think they can be interchangeable. "This method hasn't been done much, if at all, which surprises me, since it provides investors with a high level of ease of getting in and out of an investment." Hawkins said that this method of arena financing is bound to become more popular, and his company intends to utilize the MBS approach in other mid-size and large cities around the country that are looking for these types of venues. The method will particularly appeal to cities that have not been able to pass funding with a municipal approach, he added. For instance, last week the city of Houston conducted a vote before its residents on the development of a tax-based arena, and it was voted down. "They're going to want to find a way to get that done," Hawkins said. "You just can't rely on municipal finance." Plan of Operation The Company's plan of operation for the remainder of its 1999 fiscal year is to: (1) introduce into the consumer marketplace the products and/or services proposed by its three subsidiaries: Landrush, Media Force and SCOR and (2) continue to identify, evaluate and pursue suitable merger and/or acquisition of those operating, income producing entities which offer products and/or services similar to, or the same as, those proposed by the Company. YAHOO: quote.yahoo.com THEY ARE BUILDING AN ARENA TO HOUSE THE HOUSTON ROCKETS, AMONG OTHER THINGS: Source: Asset Sales Report Date: 11/08/1999 Price: $2.95 Document Size: Very Short (less than 1 page) Document ID: PB19991111040000036 Citation Information: Vol. 13 No. 43, Pg. 1 Author(s): Shane Kite Document Type: Articles & General information Citizens Capital Corp. Pursues Texas Arena-Building Citizens Capital Corp. has entered the arena-finance fold, planning to use securitization to pay for the construction of a multiple-use, hotel/golf resort and convention complex in downtown San Antonio. The company will also launch a securitization proposal to help finance a sports facility that will house the National Basketball Association's Houston Rockets. In a deal it has underway, Dallas-based Citizens is seeking land to build a $400 million complex containing hotels, a golf course and fitness spa, an arena and convention center, restaurants, a retail power center, a cinema and entertainment plex, multi-family and single family residential components, and commercial and industrial warehouse and professional office sites. In addition to income generated from the mortgages of each building, revenue from lease rental income streams from tenants occupying the industrial warehouse, office, retail, commercial, restaurant, apartment, cinema and entertainment facilities will be pooled by Citizens and sold to investors in an asset-backed bond, said Billy Hawkins, president of the company. Moreover, Hawkins added, revenue from signage opportunities, "both internal and external to the facility," would add to the income stream generation. The transaction is similar to the spate of casino securitizations that have surfaced lately, in which a casino real estate developer floats a bond based in part on future lease payments from retail tenants in order to help finance the construction of a facility. As most states become gaming friendly, this sort of build-it-and-they-will-come mantra has ushered in the masses to pay and play at establishments in locales as diverse as the Ojibwa Indian Reservation and Ledyard, Conn. Of his company's project, Hawkins says, "it's really just using the best of corporate and real estate finance to get a transaction done that's typically done from a municipal financing standpoint. "What this type of transaction does is it eliminates the necessity of having to be dependant on a vote from the residents who reside in that taxing jurisdiction, or for the approval of some type of council or governmental body," Hawkins said. A higher coupon rate offsets the fact the bonds are not tax exempt like their municipal brethren, he added. After a referendum was shot down last week in Houston that called for a $255 million mostly municipal financing of a new arena for the Houston Rockets, Hawkins made a proposal to city officials (he did not name them) connected to the project. The arena is expected to house the Houston Rockets, the WNBA's Houston Comets, professional hockey, concerts, family shows, college events, civic events and conventions. This multi-use facility is exactly the type of project Hawkins says his company targets. A vote to increase the rental car and hotel taxes to finance the construction of a new, basketball-friendly arena for the San Antonio Spurs was passed last week, making securitization plans virtually obsolete. But Hawkins said he was disinterested before the measure was passed, because the $175 million deal is a standalone project that lacks multiple revenue streams. "We don't necessarily want to have someone such as the Spurs for a tenant," Hawkins said. "Our concentration would be more in the private sector in terms of trade shows, conventions, exhibits, special entertainment events, as well as scheduled entertainment events. We just believe that gives you more dates throughout the year than you could get from a typical NBA team." I like this: SCOR Brands Inc., which recently entered into a 3 year agreement to become the exclusive basketball shoe and apparel company of the United States Basketball League. The Company, through its Landrush; Media Force; and SCOR subsidiaries intends to offer products and/or services in each of the following three market segments:* 1) residential mortgage loan marketing; commercial and residential real estate investment and development. 2) news print; entertainment and media productions. 3) the design, marketing and distribution of branded athletic shoes and apparel. Business Citizens Capital Corp. (the "Company" ) is a development stage holding company which acquires and/or develops those operating entities, assets and/or marketing rights which may provide the Company with an entrance into new market segments or serve as a complimentary addition to existing operations, assets, products or services. Through its three 97% owned subsidiaries: Landrush Realty Corporation ("Landrush"); Media Force Sports & Entertainment Inc. ("Media Force"); and SCOR Brands Inc. ("SCOR"), the Company's plans contemplate operating in the following three segments: 1) residential mortgage loan marketing; commercial and residential real estate investment and development; 2) news print publishing and media advertising production and 3) the design, marketing and distribution of branded athletic shoes and apparel respectively.* | ||||||||||||||
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