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Non-Tech : GENI: GenesisIntermedia.com Inc -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (123)	6/11/2001 1:30:32 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 574

GenesisIntermedia Included in Preliminary Russell 2000 List LOS ANGELES, Jun 11, 2001 (BUSINESS WIRE) -- GenesisIntermedia, Inc. (Nasdaq: GENI chart, msgs) (Frankfurt:GIA) announced today that it has learned that it has been included among the companies on the first preliminary lists of companies being added to the Russell 2000(R) Index. Russell's stock indexes, such as the Russell 1000(R), Russell 2000(R), and Russell 3000(R), are recognized as objective, market-based benchmarks for evaluating investment managers. The US indexes (now encompassing 21 distinct benchmarks) were initiated in 1982, and today they are used as investment models for more than $180 billion in investment assets. Ramy El-Batrawi, Genesis' chairman and chief executive officer, stated, "We are proud to be among the companies considered for The Russell 2000 index. We're pleased that our growth rate and capitalization level continues to be healthy. We look forward to an ongoing listing with the Frank Russell Company." About GenesisIntermedia, Inc. GenesisIntermedia 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. Genesis' Centerlinq subsidiary was recently awarded Microsoft Corp's (Nasdaq: MSFT chart, msgs) Retail Application Developer (RAD) award for "Best Retail Headquarters Application" in the category of Core Retail Marketing. About Frank Russell Company Frank Russell Company, a global investment services firm, provides manager-of-manager investment products and services in more than 35 countries. Russell manages $66 billion in assets and advises clients representing more than US$1 trillion worldwide. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. The Private Securities Litigation reform act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by GenesisIntermedia, Inc.) contains statements and other matters that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, actual results may differ materially from those expressed in any forward-looking statements made by GenesisIntermedia, Inc. For a description of additional risks and uncertainties, please refer to the GenesisIntermedia, Inc. filings with the Securities and Exchange Commission, including GenesisIntermedia, Inc.'s Form 10-k. Contact: GenesisIntermedia, Inc. Robert Bleckman, 818/902-4397 robertb@genesisintermedia.com News provided by COMTEX User Agreement