News Column

Citizens Capital Targets Dallas for Urban Themed Development; Seeks Acquisitions

May 29, 2014

DALLAS--(BUSINESS WIRE)-- Citizens Capital Corp. (“Citizens Capital” or the “Company”) today announced that it has targeted Dallas, Texas for two of its current corporate growth initiatives. First, the Company is pursuing a site for the construction of an urban themed, mixed use, commercial real estate development. Secondly, Citizens Capital is seeking acquisition opportunities in the Dallas market. The Company is seeking strategically positioned, standalone operating companies and/or divisional carve outs which might provide a synergistic fit or serve as a platform for add on acquisitions.

Citizens Capital intends to use the net proceeds from the institutional resale of its $30M, Series 2010A, 7%, 144A bonds Due 2020 (the “Series 2010A Bonds”), [CAAP - CUSIP 174445AA4] to: 1) finance a portion of the construction cost related to its planned Dallas commercial real estate development; 2) finance corporate acquisitions; and 3) for general corporate purposes.

The Series 2010A Bonds are being remarketed to the general public; however, the Series 2010A Bonds may only be resold to Qualified Institutional Buyers (QIBs) in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Billy D. Hawkins, the CEO of Citizens Capital, says, “Dallas is a top ten corporate, urban market. There is a constant need for institutional capital to return optimal yield. In combination with the achievement of optimal yields, productive uses of capital which facilitates corporate expansion and new job creation must be deployed.”

Hawkins continues, “There has been tremendous liquidity growth in the corporate bond market with the maturity of the institutional fixed income, electronic trading platforms developed by such firms as Bloomberg L.P. and Marketaxess Holdings Inc., respectively. Marketaxess particularly has developed a very insightful trading solution which provides traditional dealer-to-dealer and investor-to-multi dealer trading functionality. Additionally, Marketaxess has advanced its leading fixed income, electronic platform by introducing open trading, featuring all-to-all trading functionality.”

In concluding, Hawkins says, “The private equity, merger & acquisition skill set when combined with the liquidity provided by the fixed income, electronic trading platforms has the potential to create a sustainable engine directly able to power domestic economic growth, impact corporate expansion and drive new job creation.”

About Citizens Capital Corp.

Citizens Capital Corp. is a Dallas, Texas based corporate development and acquisition oriented holding company. The Company seeks to maximize shareholder value by acquiring and/or internally developing those operating entities, assets and/or marketing rights which may provide the Company and its shareholders with an entrance into new market segments or serve as a complementary addition to existing operations, assets, products and/or services.

This release includes “forward-looking statements” to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do no relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “project,” “might,” “expect,” “believe,” “intend,” “could,” “would,” “continue,” “pursue” or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies, and future financial results of Citizens Capital. These forward-looking statements are based on current expectations and projections about future events.

Citizens Capital Corp.

Billy D. Hawkins, CEO, 469-359-3868

Source: Citizens Capital Corp.

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Source: Business Wire

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