EXHIBIT 99.1 PRESS RELEASE DATED MAY 2, 2000.


                                  PRESS RELEASE


Houston, Texas - AMC Financial, Inc. announced that on May 2, 2000, its Board of
Directors adopted a Plan of Liquidation and Dissolution, subject to shareholder
approval. On January 13, 2000, the company announced the selection of Peter J.
Solomon Company Limited to advise the company on strategic alternatives to
optimize shareholder value, which alternatives included re-entering the mortgage
loan origination business, investments, acquisitions, sale or merger of the
company to or with another entity, joint venture or liquidation. Management
immediately began working with the professionals at Peter J. Solomon Company to
provide them with information on the company.

The Board of Directors recently received the report of Peter J. Solomon Company,
which identified four possible strategic alternatives for the company; re-entry
into the mortgage loan origination and servicing business; sale of the company;
liquidation of assets and distribution of cash to shareholders upon dissolution
of the company; and maintenance of the current status of the company. Peter J.
Solomon Company recommended liquidation and dissolution of the company as the
strategy most likely to maximize shareholder value. After further consultation
with Peter J. Solomon Company about the data and assumptions underlying each
alternative, the Board of Directors resolved to pursue a strategy of liquidation
and dissolution. To that end, the Board of Directors adopted a Plan of
Liquidation and Dissolution, which will be presented to the shareholders of the
company for approval at an annual meeting of shareholders. At present, the
company anticipates calling the annual meeting of shareholders on a date in late
June 2000.

This report contains forward-looking statements that involve risks and
uncertainties. The company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of certain factors
including, but not limited to, implementing one or more of the company's
strategic alternatives, legal proceedings, adverse economic conditions,
competition and other risks detailed from time to time in the company's
Securities and Exchange Commission reports. The company undertakes no obligation
to release publicly any revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of
anticipated or unanticipated events.

AMC  Financial,  Inc.,  formerly  known as  Cityscape  Financial  Corp.,  is a
consumer finance company which, through its wholly-owned  subsidiary Cityscape
Corp.,  is in the  business of selling and holding in its  portfolio  mortgage
loans secured primarily by one-to four-family residences.

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