To: Sir Auric Goldfinger who wrote (410 ) 12/14/2001 12:02:35 PM From: StockDung Read Replies (1) | Respond to of 574 Board of Directors of GenesisIntermedia Takes Neutral Position On Sutter Opportunity Fund 2, LLC Mini-Tender Offer LOS ANGELES, Nov. 30 /PRNewswire/ -- GenesisIntermedia, Inc. (Nasdaq: GENI) (Frankfurt: GIA) (PCX: GNS) today announced that its Board of Directors is expressing no opinion and is remaining neutral on the $0.25 per share cash tender offer made by Sutter Opportunity Fund 2, LLC on October 24, 2001 for up to 1,000,000 shares of the Company's common stock. The bidder did not provide the Company with notice or a copy of the offer to purchase and the Company only became aware of the offer on November 20, 2001. GenesisIntermedia, Inc. understands that the offer expires on November 30, 2001. The Board of Directors of GenesisIntermedia, Inc. believes that it is not possible to make a recommendation with respect to the offer in light of the lack of trading in the Company's common stock since the Nasdaq Stock Market halted trading in the Company's common stock on September 25, 2001 at a last price of $5.90 per share. Consequently, stockholders should make their own decision as to the acceptability of the offer, including the adequacy of the $0.25 per share offer price, based on all available information, including the information included in GenesisIntermedia, Inc.'s filings with the Securities and Exchange Commission. The Company further expresses no opinion as to the adequacy of the bidder's offer to purchase or its compliance with applicable law, including Section 14(e) of the Securities Exchange Act and the regulations of the Securities and Exchange Commission thereunder. The Company reminds stockholders who are considering tendering their shares to consult their financial advisors or a reputable broker before making any decision. About GenesisIntermedia GenesisIntermedia strives to create a portfolio of complementary business activities that build on the Company's traditional strengths in marketing consumer goods and services. GenesisIntermedia markets health/fitness, educational and leisure products and services through television, telemarketing interactive/Internet media and retail outlets. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE GenesisIntermedia, Inc. CO: GenesisIntermedia, Inc.; Sutter Opportunity Fund 2, LLC ST: California IN: CPR SU: TNM 11/30/2001 15:26 EST prnewswire.com