GenesisIntermedia.com Receives $15 Million Increase to Existing Credit Facility

    LOS ANGELES--April 18, 2001-- GenesisIntermedia.com Inc. (Frankfurt:GIA) today announced that its existing credit facility has been increased by $15 million.
    The company will draw upon the larger credit facility from time to time to build existing operations, as well as to capitalize on acquisition opportunities in accordance with the company's business plan of developing new strategies that combine real market needs with the advanced capabilities possible with Internet, wireless and other technologies.
    "We are moving forward with our strategic growth initiatives including the continued installation of Centerlinq in more malls across the United States, the expansion of Car Rental Direct into new markets within Southern California, Arizona and Nevada, and the identification, promotion and sale of a wider array of new products via our Genesis Media Group," stated Ramy El-Batrawi, chief executive officer of GenesisIntermedia.com.
    "We continue to appreciate the high level of confidence that our shareholders have demonstrated in our business model and in our ability to implement sound growth strategies," concluded El-Batrawi.

    About GenesisIntermedia.com

    GenesisIntermedia.com. (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, radio, 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, two-time recipient of Microsoft Corp.'s 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 Inc. 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 Inc.'s Form 10ksb filed with the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.