The City of Ontario-owned Citizens Business Bank Arena, a state-of-the-art, 11,000-seat sports and entertainment arena being built in Ontario (southern) California officially broke ground today. The groundbreaking ceremony was attended by top executives of AEG, the future operators of the venue, Citizens Business Bank (naming rights partners of the arena) and the City of Ontario, on a 37-acre parcel located between Haven Avenue and Milliken Avenue, Fourth Street and the I-10 Freeway. The arena will include 9,500 fixed seats with additional "portable" seating risers to accommodate capacities of 11,089 for concerts, 9,736 for ice hockey and 10,832 for basketball. The 225,000 square foot venue will also feature 36 luxury suites located on two levels and a continuous concourse hosting a variety of refreshment stands and merchandise kiosks, a VIP club and other fan amenities.

"The construction of this arena has been years in the planning. The newly named Citizens Business Bank Arena represents a long term investment strategy for Ontario and will fulfill the entertainment needs of the region's more than 4 million residents and businesses," stated Ontario Mayor Paul S. Leon.

Citizens Business Bank Arena will be the centerpiece of Piemonte at the Ontario Center, an urban, mixed-use project, with Class A office, specialty retail, a 200-plus-room full-service hotel, entertainment and urban living components. Set for a winter 2008 opening, Citizens Business Bank Arena will host basketball, ice hockey and a variety of other sporting competitions, concerts, family shows, special events, conventions, school and community activities as well as private events. The venue will be the biggest and most modern arena within the Inland Empire.

"With southern California as AEG's headquarters, we are clearly aware of the demographics and the necessity for a state of the art sports and entertainment arena in Ontario and the Inland Empire," said Timothy J. Leiweke, President & CEO, AEG. "There is no doubt in our minds that Citizens Business Bank Arena will become one of the region's busiest and most popular venues and a 'must play' for concert tours and family shows that visit the southland. Additionally, we remain confident that we will be able to attract a professional sports franchise for the arena in the very near future. We thank Mayor Leon, and the leadership from the City of Ontario for this partnership and Christopher Myers and Citizens Business Bank for their affiliation and commit to both of you and your organizations that we won't let you down."

"With the tremendous population growth and housing boom we are seeing throughout Ontario and the entire Inland Empire, the timing is absolutely perfect to develop a world-class arena for this area," Dana Warg, Sr. Vice President, AEG Facilities.

"At Citizens Business Bank we are excited about this partnership. AEG brings a wealth of expertise and experience to the project. It is an honor to be associated with an organization that is known worldwide for its successful venue and event operations," stated Christopher D. Myers, President and Chief Executive Officer. "Ontario is our home base. We have benefited from being a part of the tremendous growth of the area. Our involvement in this partnership is indicative of Citizens Business Bank's strong commitment to the local community and its future success. We look forward to completion of the arena and enjoying the events with our many customers and friends," commented Myers.

In October 2006, Citizens Business Bank agreed to a "naming rights," the multi-tiered agreement that calls for Citizens Business Bank to receive a variety of exposure, promotional opportunities, hospitality elements, community presence and marketing opportunities including interior and exterior signage, internet presence, advertising inclusion, sponsor and customer relations amenities, promotional inclusion, freeway marquee exposure and on-site presence including ATM locations.

Contacts
AEG
Cara Vanderhook
Communications Coordinator
213-742-7273

City of Ontario
Mary Jane Olhasso
Economic Development Director
909-395-2010

Amies Communications, City of Ontario
Katy Biggerstaff
Office: 949-863-1910 x15
Mobile: 562-761-6338

Citizens Business Bank
Nancy Sinclair
SVP - Director of Marketing
909-481-2122

About the City of Ontario
Ontario is increasingly identified for the competitive advantages it provides to businesses that want to succeed in the global marketplace and for its growing importance to the state, national and international economies. Just 35 miles from Los Angeles and uniquely positioned within the hub of Los Angeles, Orange, San Bernardino and Riverside Counties, the City of Ontario is the "economic engine" of one of the fastest growing regions in the United States. Due to the clear vision and direction of the Mayor and City Council Ontario features an exceptional pro-business environment, competitive commercial lease rates, technical amenities, a skilled and abundant work force, and an innovation corridor of fourteen colleges and universities. These factors are driving one of the hottest office markets in the country with vacancy rates in the single digits and 2 million square feet under development. Three mixed-use projects are underway in the City bringing 24/7 lifestyle to a growing sector of young professionals.

As a major global gateway, Ontario is home to LA-Ontario International Airport (ONT), the center of a rapidly developing freight movement system that includes the airport, two railroads, four major freeways and an expanding network of freight forwarders. ONT is one of the fastest growing and ambitious cargo airports outside the booming Asia-Pacific market and home to United Parcel Service's Western Regional Hub providing direct flights to China. In 2003, ONT was listed among six of the best cargo airports in the world by the leading international airport magazine, Airport World. The Ontario Foreign Trade Zone is also of significance to businesses involved in international trade. ONT is the second busiest air passenger facility in Southern California, handling 7.2 million people in 2005, and growing each year. ONT is projected to reach 30 million annual passengers by 2025. For more information, visit: www.ontariocalifornia.us.

About AEG
AEG is one of the leading sports and entertainment presenters in the world. AEG, a wholly owned subsidiary of the Anschutz Company, owns or controls a collection of companies including facilities such as STAPLES Center, Toyota Sports Center, Toyota Park, Anaheim Arena (as preferred booking agent), Nokia Theatre Times Square, Nokia Theatre at Grand Prairie, Hollywood's El Rey Theatre and Seattle's WaMu Theatre; sports franchises throughout the world including the Los Angeles Kings (NHL), Los Angeles Riptide (MLL) and three MLS franchises. In addition, AEG has recently developed and opened The Home Depot Center, a $150 million national training facility on the Campus of California State University Dominguez Hills in Carson, California designated as an "Official U.S. Olympic Training Site" by the United States Olympic Committee that includes major facilities for soccer, tennis, track & field, cycling, lacrosse, rugby, action sports, beach volleyball, basketball and other sports. The company's live entertainment division, AEG LIVE is one of the world's leading concert promotion and touring organizations that has recently promoted national tours on behalf of artists such as Prince, Bon Jovi, Kenney Chesney and Cheetah Girls as well as producing "A New Day." starring Celine Dion appearing exclusively at the Colosseum at Caesars Palace and the international museum tour of King Tut's artifacts.

AEG is overseeing the development of L.A. LIVE, a 4 million square foot / $2.5 billion downtown Los Angeles sports & entertainment district featuring Nokia Theatre at L.A. LIVE, a 7,100-seat state-of-the-art live theatre, a 54-story, 1000-room convention center "headquarters" hotel, Club Nokia at L.A. LIVE, a 2,200 capacity live music venue, a 14-screen Regal Cineplex, "broadcast" facilities for ESPN, along with entertainment, restaurant, residential and office space. The company has begun fully developing the 28-acre Millennium Dome and adjacent property located in the eastern part of London along the Thames River and will create The O2, which includes a 23,000-seat arena and over 650,000sf of leisure and entertainment use within the 'Dome' and additional arenas, O2 World, on a 45-acre site in the heart of Berlin, Citizens Business Bank Arena in Ontario, California, and Sprint Center in Kansas City, Missouri as well as a Red Bull Park, a soccer stadium in Harrison, New Jersey. For more information visit: www.aegworldwide.com.

About Citizens Business Bank
Citizens Business Bank has been serving the financial needs of the community since 1974. The Bank was founded by a group of local business people, who still serve on the Board of Directors today. Their vision was to simply be the best bank with the highest quality of customer service for the citizens of the community. Today, Citizens Business Bank with $6.1 billion in assets is the largest financial institution headquartered in the Inland Empire region of Southern California. It serves 33 cities with 39 business financial centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California. For more information visit our web page at www.cbbank.com.

Citizens Business Bank Arena
For more information and future updates please visit: www.cbbankarena.com.