Mediagrif Acquires U.S Based Truck and Heavy Equipment Parts Electronic Marketplace

    MONTREAL--March 26, 2002--Mediagrif Interactive Technologies Inc. , a leading developer and operator of business-to-business e-commerce marketplaces and provider of e-commerce solutions, announced today that it has purchased the assets of LiveListings.com Inc., a leading B2B e-marketplace serving the truck and heavy equipment parts industry. Terms of the transaction were not disclosed.
    Based in Seattle, Washington, LiveListings.com Inc. was founded in 1998 following its acquisition of Multi-Fax Services, Inc., established in 1988. Through its electronic marketplace and subscription-based fax services, LiveListings.com assists over 2,000 registered member companies, including approximately 350 paying subscribers, in buying and selling second-hand, rebuilt and new parts for medium and heavy duty equipment such as truck and bus fleets, construction, mining, farming and material handling equipment. More than 200,000 listings for sale are currently available on the marketplace. The company has customer support and sales offices located in Santa Rosa, California and Vancouver, British Colombia.
    Enterprises that use heavy-duty vehicles and equipment are constantly seeking to maximize the uptime of their assets. LiveListings.com eliminates the inefficiencies involved in finding and buying parts needed for the quick repair of their vehicles and equipment. Members tap into a powerful centralized database of vendors who stock inventory, thereby enabling them to connect directly with the sellers. In addition, buyers with old vehicles are able to locate hard-to-find and obsolete parts by linking to the widest network of used and rebuilt parts sellers. Finally, companies with excess inventory increase their reach in new markets and sell more products while reducing operational costs.
    Through this acquisition, Mediagrif is expanding into a new vertical market. Mediagrif plans to grow the existing critical mass of LiveListings.com by providing a strong technology platform, its operational expertise and offering other value-added services.
    "This acquisition is in line with our marketplace development strategy. The truck and heavy equipment parts industry presents all the necessary criteria for the success of an electronic marketplace. Our e-commerce technological and operational know-how, combined with LiveListings' critical mass of customers, will undoubtedly create a marketplace of choice in the industry and support the development of Mediagrif," stated Denis Gadbois, Chairman and CEO of Mediagrif.

    About Mediagrif Interactive Technologies Inc.

    Mediagrif Interactive Technologies Inc. is a world-leading developer and operator of business-to-business e-commerce marketplaces and provider of complete e-commerce and content management solutions. Mediagrif currently operates ten marketplaces, including industry leaders The Broker Forum (www.brokerforum.com), Power Source On-Line (www.powersourceonline.com), VCE Virtual Chip Exchange (www.virtualchip.com), Telecom Finders (www.telecomfinders.com), Global Wine & Spirits (www.globalwinespirits.com) and Net3F (www.net3f.com). The 10 marketplaces currently serve a membership base of approximately 11,000 businesses located in 60 countries. Major companies from Canada, Europe and the United States are among Mediagrif's strategic partners. Headquartered in Montreal, Mediagrif through its subsidiaries has other offices in Canada, the United States and Europe. For more information on Mediagrif please visit us at www.mediagrif.com or call 1 (877) 677-9088.