Business Services Industry
Orange County Register and Las Vegas Review-Journal Among Six US Newspapers Launching CityXpress Auctions
Business Wire, August 13, 2002
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 13, 2002
CityXpress Corp. (OTCBB:CYXP), a leading developer of revenue-generating solutions for media companies, today announced that it has signed agreements with five additional newspapers to run auctions over the next 75 days. Agreements have been signed with The Orange County Register, Las Vegas Review-Journal, The Oakland Press (Pontiac, MI), The Macomb Daily (Mount Clemens, MI), and The Bellingham Herald.
CityXpress also announced that The Grand Forks Herald, a 33,000 circulation daily newspaper located in North Dakota, ran an eight-day auction that ended on August 2, 2002. Of the 400 items in the Herald's auction, 280 items or 69.5% of the total met the reserve price and were sold, generating approximately $95,000 in revenue. The Grand Forks Herald's auction may be viewed through the CityXpress web site (www.cityxpress.com).
CityXpress provides a growing number of newspaper affiliates in the US and Canada newspapers with innovative products that generate incremental sources of advertising revenue.
Xpress Auctions, the most comprehensive product available for newspapers, provides the complete workflow environment to manage and conduct newspaper auctions. The Company's Xpress Special Sections delivers a powerful package of fresh editorial content and contextually-related advertising and promotional products, providing targeted promotional opportunities for local advertisers wishing to reach a valuable niche audience.
ABOUT CITYXPRESS
CityXpress develops integrated online and promotional solutions that provide media companies with opportunities to generate new sources of incremental revenues from their Internet sites. CityXpress has offices in Vancouver and Winnipeg, Canada and Seattle, Washington. CityXpress shares trade on the NASD OTCBB under symbol CYXP. More information on CityXpress is available at the company's corporate website at www.CityXpress.com.
This press release and/or communication contains forward-looking statements regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various press releases and/or communications of the Company, may cause actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release and/or communication speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.
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