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To: mmmary who wrote (2042)	10/19/2001 12:27:05 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Re: 10/18/01 - [GENI] The Rosen Law Firm Pursues Securities Class Action On Behalf Of GenesisIntermedia Shareholders - GENI The Rosen Law Firm Pursues Securities Class Action On Behalf Of GenesisIntermedia Shareholders - GENI NEW YORK, NY, Oct 19, 2001 (INTERNET WIRE via COMTEX) -- The Rosen Law Firm announced today that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all purchasers of GenesisIntermedia, Inc. ("GenesisIntermedia") (NASDAQ: GENI chart, msgs) publicly traded securities during the period between December 21, 1999 and September 25, 2001 (the "Class Period"). To join the GenesisIntermedia litigation as a plaintiff, to discuss your legal rights or to obtain further information, please call Laurence Rosen, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com. You may also join the class action online at www.rosenlegal.com The complaint charges GenesisIntermedia and certain of its officers, directors and a financial commentator with violations of the Securities Exchange Act of 1934. The complaint alleges that in December 1999, defendants began an illegal scheme to artificially increase the price of GenesisIntermedia shares and gave shares worth more than $3 million to Courtney Smith, a well-known financial commentator, who conspired to drive up the stock price by falsely promoting GenesisIntermedia stock and issuing bogus recommendations for it on CNN, CNBC and Bloomberg Television. The complaint alleges defendants concealed the payment of 216,000 shares to the Smith in order to induce the purchase of GenesisIntermedia shares and raise tens of millions of dollars via several private securities offerings. As a result of defendants' false statements, GenesisIntermedia's stock price traded at inflated levels during the Class Period, rising to as high as $25 in June 2001. Then after the close of the market on September 25, 2001, GenesisIntermedia's shares were halted pending a Nasdaq investigation. GenesisIntermedia shares have not resumed trading. However, just hours before the announcement of the investigation and "halt," defendant El-Batrawi allegedly sold over $1.7 million dollars worth of his own shares. Aclass action lawsuit has already been filed on behalf of GenesisIntermedia shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than sixty days from October 18, 2001. If you wish to join the litigation or to discuss your legal rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com You can also join this class action online at www.rosenlegal.com The Rosen Law Firm www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. With offices in New York and New Jersey, The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions. CONTACT: Laurence Rosen, Esq. The Rosen Law Firm P.A. 212-532-7299 Copyright 2001 Internet Wire, All rights reserved. siliconinvestor.com ===== Notice of Pending Action: GenesisIntermedia, Inc. Securities Litigation To GenesisIntermedia, Inc. Security Purchasers: On 10/18/2001 A class action complaint alleging violations of the federal securities laws by GenesisIntermedia, Inc. and certain of its officers and/or directors was commenced in the United States District Court, Central District of California on behalf of purchasers of GenesisIntermedia, Inc. publicly traded securities during the period between 12/21/1999 and 9/25/2001. Click here to view the complaint (http://www.rosenlegal.com/complaints/genny.pdf). If you purchased shares of GenesisIntermedia, Inc. publicly traded securities between 12/21/1999 and 9/25/2001 you qualify to seek to join in the securities law action as lead plaintiff(s). To do so, please complete the attached certification and retention forms. If you join our clients in retaining us, we will provide you with periodic reports on the progress of the case. You may retain The Rosen Law Firm and join the litigation by one of two methods. You may sign up online via this website by completing an online certification form (http://www.rosenlegal.com/EmailVerifier.asp?CID=37&Company=GenesisIntermedia%2C%20Inc.%20) or you may print a paper copy of the certification form (http://www.rosenlegal.com/certification/gennycertification.pdf) and fax or mail it to us. If you have any questions regarding the certification form or any aspect of the litigation please email us at info@rosenlegal.com or call (212) 532-7299. rosenlegal.com