GenesisIntermedia Completes Sale of Car Rental Direct Subsidiary To MAII Holdings

    LOS ANGELES, Aug. 23 GenesisIntermedia, Inc.
(Frankfurt: GIA) and MAII Holdings, Inc.
announced that a wholly-owned subsidiary of MAII completed the purchase of Car
Rental Direct, Inc. from GenesisIntermedia, Inc.  As previously reported, the
newly combined entity intends to change its name to Car Rental Direct, Inc.
    "We have exciting plans for the growth of Car Rental Direct, and we are
all anxious to get to work," stated Chris Tyler, Chairman and Chief Executive
Officer of MAII.
    Ramy El-Batrawi, Chairman and Chief Executive Officer of
GenesisIntermedia, added "Car Rental Direct is well equipped to move ahead
with its expansion plans and growth strategy, in terms of both financial and
intellectual capital.  GenesisIntermedia will continue to participate in Car
Rental Direct's growth and revenue stream through our ownership stake."

    About GenesisIntermedia, Inc.
    GenesisIntermedia, Inc., a member of the Russell 2000(R) index, is
involved in several business lines revolving around the marketing and
advertising of consumer goods and services.  The Company's main business lines
are direct sales and marketing of consumer products, and interactive
advertising and data mining in retail malls under the Centerlinq 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 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.

    The Private Securities Litigation reform act of 1995 provides a "safe
harbor" for forward-looking statements.  Certain information included in this
press 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.

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