DALLAS, April 27, 2005 (PRIMEZONE) -- Citizens Capital Corp. (Pink Sheets:CAAP) today announced that its Media Force affiliate publication, Black Financial News, has released its May 2005 issue which includes the historical establishment of the Black Chip Stock(tm) Index, a market value weighted indicator. The May issue also continues with "Lessons Unlearned", part two of a three part series on Jim Crow. The Black Chip Stock Index represents an assemblage of African-American owned companies whose equity is publicly traded.
The following firms have been selected for initial inclusion into the index: American Shared Hospital, Inc. (AMEX:AMS); Ault, Inc. (NASDAQ:AULT); Broadway Financial Corporation (NASDAQ:BYFC); Carver Bancorp. (AMEX:CNY); Citizens Capital Corp. (Pink Sheets:CAAP); Granite Broadcasting Corp. (OTCBB:GBTVK); Independence Federal Savings Bank (NASDAQ:IFSB); Radio One, Inc. (NASDAQ:ROIA).
The Black Financial News shall also operate as a daily, on the hour, broadband Internet, market and world news broadcast segment with coverage of the Black Chip Stock Index(tm) companies. The broadcast news segments shall be utilized as a platform for corporate advertisers interested in promoting their products and services to the rapidly expanding, national African-American consumer market. Advertisers granted preferred customer status shall receive daily, on the hour, trafficking of their commercial broadcast media for one year at no cost.
The May issue is shipping immediately upon receipt of current subscription orders. Subscriptions to the Black Financial News Magazine may be purchased by individual consumers on a worldwide basis through Amazon.com, Inc. (NASDAQ:AMZN) at: www.amazon.com/exec/obidos/ASIN/B00007EN6H. Subscriptions for institutions, universities, libraries and corporations are available through EBSCO Subscription Services at www.ebsco.com.
About Citizens Capital Corp.
Citizens Capital Corp. is a development stage, growth oriented holding company that is engaged in the development and/or acquisition of businesses across several identified sectors.
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. 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.
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