To: Anthony@Pacific who wrote (69201 ) 4/3/2001 10:09:56 AM From: Sir Auric Goldfinger Respond to of 122087 Taglich Brothers Announces Investment Opinion on GenesisIntermedia, Inc. (I dream of GENI) 2001-03-29 13:39 (New York) Business Editors and Legal Writers NEW YORK--(BUSINESS WIRE)--March 28, 2001-- Taglich Brothers Starts GenesisIntermedia, Inc. (NASDAQ:GENI) as SELL Taglich Brothers, Inc. has initiated coverage on GenesisIntermedia, Inc. (NASDAQ: GENI; recent price $7.62) with a sell recommendation. In making the recommendation, Taglich notes the significant losses that GENI has incurred since its initial public offering in June of 1999. Taglich also cites GENI's reported cash and equivalents of only $1.57 million as of September 30, 2000, as well as the over $32 million in outstanding notes payable as factors that will limit the Company's ability to execute its business strategy. The report also points out that 40% of the outstanding shares of GENI stock that have been purchased by Ultimate Holdings of Bermuda, a company controlled by Adnan Kashoggi. As Ultimate Holdings is also a significant creditor, Taglich suggests that minority shareholders will have little to no ability to influence the Company's future operations. GenesisIntermedia, Inc. (GENI) is involved in several business lines revolving around the marketing and advertising of consumer goods and services. The Company's main business lines are (a) direct sales and marketing of consumer products, (b) interactive advertising and data mining in retail malls under the Centerlinq brand, and (c) car rentals for the replacement market under the Car Rental Direct brand. The Company strives to create a portfolio of complementary business activities that build on the Company's traditional strengths in marketing consumer goods and services. GenesisIntermedia.com markets through several channels including television, print, telemarketing, retail outlets and interactive/Internet media. Taglich Brothers, Inc., founded in 1992, is full-service broker dealer focused exclusively on micro-cap companies. The Company defines the micro-cap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers, Inc. currently offers institutional brokerage services, investment banking for publicly traded micro-cap companies and comprehensive research coverage to the investment community. In December 1999, the Company launched its Website taglichbrothers.com to allow investors free access to its in depth research on micro-cap companies. Additional information is available upon request or on our website at taglichbrothers.com . The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to change in figures or our views. This is not a solicitation of any order to buy or sell. We, our affiliates,any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. As of the date of this news release, we, our affiliates, any officer, director or stockholder, or any member of their families' do not have a position in the stock of the company mentioned in this news release. Taglich Brothers, Inc., does not currently have an Investment Banking relationship with the company. --30--gk/bos*