Courtside Acquisition Corp. Announces Meeting Date for Special Meeting in Lieu of Annual Meeting

Share Name	Share Symbol	Market	Type
American Community Newspapers	AMEX:CRB	AMEX	Ordinary Share

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NEW YORK, June 15 /PRNewswire-FirstCall/ -- Courtside Acquisition Corp. (Amex: CRB; CRB.U; CRB.WS; "Courtside") announced today that its special meeting in lieu of annual meeting of stockholders will be held on June 26, 2007 at 10:00 a.m. Eastern Time, at the offices of Graubard Miller, Courtside's counsel, at The Chrysler Building, 405 Lexington Avenue, 19th Floor, New York, New York 10174. Courtside stockholders of record as of June 8, 2007 will be invited to attend Courtside's special meeting of stockholders and vote on six proposals, including (i) the approval of the Asset Purchase Agreement, dated as of January 24, 2007, as amended, among Courtside, American Community Newspapers LLC ("ACN"), pursuant to which Courtside will acquire substantially all of the assets of ACN, (ii) the approval of the 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 Incentive Equity Plan (an equity-based incentive plan) and (v) the election of seven directors. 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. ACN's goal is to be the preeminent provider of local content and advertising in any market its serves. In these markets, ACN publishes three daily and 83 weekly newspapers, each serving a specific community, and 14 niche publications, with a combined circulation of approximately 1,386,000 households as of April 30, 2007. In addition, ACN's locally focused websites have average monthly page views and visitors of approximately 3.4 million and 1.1 million, respectively, extending the reach and frequency of its products beyond their geographic print distribution area. Stockholders who have questions concerning the proposed merger 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 Gregg H. Mayer, Courtside's Vice President, Controller and Secretary, at 212- 641-5000. 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. Investors and security holders of Courtside are urged to read the definitive proxy statement and appendices thereto when they become available, because they will contain important information about Courtside and Alsius. 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 Gregg H. Mayer, Vice President, Controller and Secretary, both of Courtside Acquisition Corp., +1-212-641-5000

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CRB American Community Newspapers