To: Mama Bear who wrote (70614 ) 4/25/2001 12:42:16 AM From: afrayem onigwecher Respond to of 122087 GenesisIntermedia.com's 3-for-1 Stock Split Takes Effect Today, Name Change to Be Effective as of April 2, 2001 LOS ANGELES, Mar 22, 2001 /PRNewswire via COMTEX/ -- GenesisIntermedia.com, Inc. (Nasdaq: GENI chart, msgs) (Frankfurt:GIA) today reminds its shareholders and the public that its 3-for-1 stock split, which the Company announced on Feb. 15, 2001, has taken effect and is reflected in the price of the Company's stock starting today, March 22, 2001. "One of the primary reasons for effecting the stock split was to make our shares accessible to a wider range of investors," said Ramy El-Batrawi, Chief Executive Officer of GenesisIntermedia.com. The Company would also like to remind its shareholders that its previously announced change of corporate title to GenesisIntermedia, Inc. from GenesisIntermedia.com, Inc. will be effective as of April 2, 2001. GenesisIntermedia.com recently announced that the next wave of Centerlinq installations will occur in the top-tier markets of Los Angeles and San Francisco, building upon an already strong presence there. Shopping malls in these two California markets were among the first nationwide to be equipped with the Centerlinq network. GENI also announced that its Car Rental Direct subsidiary recently expanded its operation into the retail segment with its first auto retail location to be based in Glendale, CA. This location will focus on the sales of pre-owned automobiles and retired rentals. With expansion of the Company's traditional and new media marketing activities continuing, El-Batrawi concluded, "We are making operational strides all around. By making substantial investments in our corporate infrastructure, as well as in those of Centerlinq, Car Rental Direct and our media and marketing groups, we believe that we have created a solid platform for growth and the generation of shareholder value." About GenesisIntermedia.com, Inc. GenesisIntermedia.com 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 and retail outlets. The Company believes that significant opportunities exist to build new platforms around e-commerce activities. As such, the Company has recently dedicated significant financial and human resources to develop and commercialize its Centerlinq product, which was honored by Microsoft Corp. (Nasdaq: MSFT chart, msgs) with the 2000 Retail Application Developer "RAD" award for "Best Retail Headquarters Application" in the category of Core Retail Marketing. This document contains certain forward-looking statements that are subject to risks and uncertainties. For such statements, GenesisIntermedia.com claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors discussed in GenesisIntermedia.com's Form 10(k) filed with the Securities and Exchange Commission. Source: GenesisIntermedia.com, Inc. Contact: Robert Bleckman, Director of Investor Relations, GenesisIntermedia.com, Inc., 818-902-4397, robertb@genesisintermedia.com URL: genesisintermedia.com siliconinvestor.com