Centerlinq Automotive Goes Live, Adding a Comprehensive Online Resource For Car Shoppers to the Growing Centerlinq Network
20 July 2000
Centerlinq Automotive Goes Live, Adding a Comprehensive Online Resource For Car Shoppers to the Growing Centerlinq Network
LOS ANGELES, July 20 GenesisIntermedia.com, Inc.
(PCX: GNS; Frankfurt Stock Exchange: GIA), a leading developer
of Internet technologies and Internet companies, announced that Centerlinq
Automotive, the newest addition to the Centerlinq universe of content,
has gone live.
Through Centerlinq Automotive, consumers in shopping malls can access
information to uncover and evaluate the best deals on new and pre-owned cars
for sale and to learn about the latest news and developments in the automotive
world. Initially, Centerlinq Automotive is available at Centerlinq kiosks
located in select shopping malls across the country, and through the URL
"http://centerlinq.autoworld.com" with no www prefix required.
GENI's agreement with VIS, Inc., creator and developer of AutoWorld.com,
calls for the co-branded Centerlinq Automotive web site to be accessible in
all current and future retail properties served by the Centerlinq network via
Internet-based interactive kiosks.
Centerlinq Automotive features a pricing search engine that allows
consumers to search for cars based on manufacturer, model, year and options.
The automotive consumer enters his or her search criteria and is notified
about available inventory by individual dealers in their local area either by
telephone or e-mail.
Consumers benefit by gaining a strategic advantage in obtaining the best
pricing, financing package and terms when buying a new or pre-owned
automobile, and local dealerships benefit from having access to a pool of
automotive consumers that may not otherwise visit their showrooms. Centerlinq
Automotive also offers consumers information and access to auto insurance,
extended warranties and other ancillary services and products.
GENI anticipates that the multiple revenue streams possible through its
relationship with VIS, Inc. and the Centerlinq Automotive domain will be
significant. Centerlinq Automotive will deliver revenue to the Company with
each new or used car inquiry, as well as inquiries about ancillary services
and products.
"In keeping with the Centerlinq philosophy of empowering consumers with
the information to make the most intelligent purchasing decisions possible, we
are proud to introduce Centerlinq Automotive to the online community" stated
Ramy El-Batrawi, Chief Executive Officer of GenesisIntermedia.com. "We
anticipate that Centerlinq Automotive will not only be a profit center for
Centerlinq, but a valuable tool for consumers to simplify the car shopping
process."
About Centerlinq
Centerlinq is a rapidly expanding network that's accessible via the World
Wide Web and through public access touch-screen Internet kiosks in shopping
malls. Currently reaching more than 25,000,000 consumers per month,
Centerlinq attracts a diverse audience with one of the largest loyalty
shopping programs in the U.S., providing coupons, directories and quick-touch
access to high-profile national advertising partners. The kiosks also provide
information regarding the preferences and interests of the consumers who
utilize them, enabling businesses to successfully target consumers likely to
purchase their products and services in the future.
Centerlinq was recently honored by Microsoft Corp. with the
2000 Retail Application Developer "RAD" award for "Best Retail Headquarters
Application" in the category of Core Retail Marketing, its second such honor
within three years.
About GenesisIntermedia.com
GenesisIntermedia.com, Inc. (GENI) is a developer of Internet technologies
and Internet companies. As it has done with CENTERLINQ, GENI leverages its
strength in operations, marketing and the deployment of traditional and new
media to advance new and innovative technologies within strategically
identified market segments.
GENI's execution of the CENTERLINQ platform, the first technology deployed
within the Company's incubation model, has resulted in rapid expansion for the
network. In addition to CENTERLINQ, GENI companies include Car Rental
Direct.com, the first car rental company to offer online resources to the
suburban market; DoWebsites.com, an emerging resource for web site developers
and webmasters; Genesis Media Group, a respected name in broadcast marketing;
and Dynamedia, a critically acclaimed full-service integrated marketing
communications and design firm with over 20 years of visibility and high
impact work both domestically and internationally.
This document contains certain forward-looking statements that are subject
to risks and uncertainties. For such statements, GenesisIntermedia.com 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's
Form 10ksb filed with the Securities and Exchange Commission.