NEWS

WIRES

OTHER

Citizens Capital Agrees to Acquire A.M. Journal Assets From American Consolidated Media

DALLAS, Sept. 17, 2004 -- Citizens Capital Corp. 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 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.

This press 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. Though 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 press 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.

   HTML: http://newsroom.eworldwire.com/wr/091604/10609.htm
   PDF: http://newsroom.eworldwire.com/pdf/091604/10609.pdf
   ONLINE NEWSROOM: http://newsroom.eworldwire.com/2042.htm
   LOGO: http://newsroom.eworldwire.com/2042.htm

CONTACT:  Citizens Capital Corp.
          Billy Hawkins, CEO
          (972) 832-8818
          bhawkins@scorbrands.com
          http://www.scorbrands.com