GenesisIntermedia Added to Final Russell 2000 Index

    LOS ANGELES--July 10, 2001--GenesisIntermedia Inc. (Frankfurt:GIA) today announced that it has been added to the final Russell 2000(R) Index.
    The reconstituted index took effect July 1, 2001 and 2001 additions were announced on July 9.
    "This is an important milestone for GenesisIntermedia. Our addition to the Russell 2000 Index boosts the visibility of our common stock to a larger institutional base, and will result in more opportunities for institutional buying of GENI common stock," said Ramy El-Batrawi, chairman and chief executive officer. "Increased institutional purchasing of our shares is in alignment with our goal to promote stability and shareholder value."
    The Russell 2000(R) helps institutions and investors evaluate fund performance and determine short- and long-term investment trends by providing an objective benchmark for the overall stock market. Each year the Frank Russell Company ranks the 3,000 largest stocks in the U.S. equity market by capitalization as of May 31, creating the Russell 3000(R) Index. The 2,000 smallest companies in the Russell 3000(R) make up the widely used Russell 2000(R) Index.
    Russell indices are rebalanced annually using objective criteria, primarily market capitalization, and do not reflect any subjective inclusion criteria or committee decisions.

    About GenesisIntermedia Inc.

    GenesisIntermedia Inc. 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 rewarded Microsoft Corp.'s Retail Application Developer (RAD) award for "Best Retail Headquarters Application" in the category of Core Retail Marketing. It is Centerlinq's third RAD award within four years.

    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, refer to the GenesisIntermedia Inc. filings with the Securities and Exchange Commission, including GenesisIntermedia Inc.'s Form 10-K.