Citizens Inc. States There is No Reason for Share Decline.Business Editors & Insurance Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 20, 2002 Citizens Inc. (NYSE NYSE See: New York Stock Exchange :CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ) issued the following comments today regarding the decrease in market price of the Company's Class A common stock: Citizens is not aware of any event, condition nor circumstance which may have caused the price of its shares to decline. The Company is aggressively moving forward, experiencing positive results, towards attainment of its business objectives and is confident in the results from its operations and execution of its business plan. Citizens believes the recent sell-off of shares must be related to general market conditions. About Citizens Inc. Citizens Inc. is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with a growth strategy of achieving $1 billion in assets, $250 million in revenues, $10 billion of life insurance in force, $250 million of stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $1 billion at year 2010 by targeting the sale of U.S. dollar whole life insurance policies overseas as well as in the United States and through the acquisition and merging of other life insurance companies. Citizens is included in the Russell 2000(R) Index, which measures the performance of the largest companies in the U.S. stock market, based on market capitalization. Additional information is available at the Company's web site: www.citizensinc.com. Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which can be identified by words such as "may," "will," "expect," "anticipate" or "continue" or comparable words. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of the Company, particularly its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2001, for the meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management. |
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