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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