Courtside Acquisition Corp. Announces Record Date For Special Meeting
May 30 2007 - 8:00AM
PR Newswire (US)
NEW YORK, May 30 /PRNewswire-FirstCall/ -- Courtside Acquisition
Corp. (Amex: CRB; Amex: CRB.U; Amex: CRB.WS; "Courtside") announced
today that stockholders of record as of June 8, 2007 ("Record
Date") will be invited to attend Courtside's special meeting in
lieu of annual meeting of stockholders and vote on six proposals,
including (i) the approval of the acquisition of substantially all
of the assets of American Community Newspapers LLC ("ACN"), (ii)
the approval of an amendment to Courtside's certificate of
incorporation to change the name of Courtside from "Courtside
Acquisition Corp." to "American Community Newspapers Inc." (iii)
the approval of an amendment to Courtside's certificate of
incorporation to remove those provisions that will no longer be
operative upon consummation of the acquisition, (iv) the approval
of the 2007 Long-Term Incentive Equity Plan (an equity-based
incentive plan), (v) the election of directors, and (vi), if
necessary, to adjourn the meeting to a later date or dates to
permit further solicitation and vote of proxies. Courtside
anticipates holding the special meeting of stockholders in June
2007. Stockholders who have questions concerning the proposed
acquisition or any other aspect of the special meeting should
contact either Richard D. Goldstein, Courtside's Chairman of the
Board and Chief Executive Officer, or Bruce M. Greenwald,
Courtside's President, at 212-641-5000. ABOUT AMERICAN COMMUNITY
NEWSPAPERS LLC ACN is a community newspaper publisher in the United
States, operating within four major U.S. markets: Minneapolis - St.
Paul, Dallas, Northern Virginia (suburban Washington, D.C.) and
Columbus, Ohio, which rank as the 16th, 8th, 4th and 32nd largest
Metropolitan Statistical Areas. These markets are some of the most
affluent, high growth markets in the United States, with ACN
strategically positioned in the wealthiest counties within each
market, including Hennepin County in Minnesota, Collin County in
Texas, Fairfax, Arlington and Loudoun Counties in Northern Virginia
and Delaware and Union Counties in Ohio. ACN's goal is to be the
preeminent provider of local content and advertising in any market
its serves. ACN was organized in Delaware in 2004 for purposes of
acquiring substantially all of the assets of a predecessor entity
known as American Community Newspapers, Inc. ACN's publications
provide high quality local content to its readers and mirror the
goings-on and happenings of the local community. The publications
provide community news about local governments, high school and
local sports, board of education/school news, local events, local
police/fire/rescue and local businesses, which are consistently
overlooked by major metropolitan daily newspapers, radio stations
and television stations. 'In the Community, With the Community, For
the Community', which serves as ACN's tagline, is central to ACN's
editorial and operating philosophy. ACN's extensive regional
footprint within the markets it serves provides it with the ability
to create targeted advertising packages for local and national
advertisers, allowing advertisers the choice to advertise locally
in only a few communities, or throughout entire markets. ACN's
publications reach approximately 1,386,000 households in its
communities (as of April 30, 2007). Not a Proxy Statement This
press release is not a proxy statement or a solicitation of proxies
from the holders of common stock of Courtside and does not
constitute an offer of any securities of Courtside for sale. Any
solicitation of proxies will be made only by the definitive proxy
statement of Courtside that will be mailed to all stockholders. In
connection with the proposed acquisition, Courtside has filed a
preliminary proxy statement with the Securities and Exchange
Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE
DEFINITIVE PROXY STATEMENT THAT WILL BE MAILED TO ALL STOCKHOLDERS
OF RECORD ON THE RECORD DATE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders may obtain a free copy
of the definitive proxy statement and other documents filed by
Courtside at the Securities and Exchange Commission's web site at
http://www.sec.gov/. DATASOURCE: Courtside Acquisition Corp.
CONTACT: Richard D. Goldstein, Chairman of the Board and Chief
Executive Officer, or Bruce M. Greenwald, President, both of
Courtside Acquisition Corp., +1-212-641-5000
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