Category: MediaNews Group Interactive Chooses CityXpress to e-Commerce Enable its Newspapers' Classified Ad ..
... three years, today announced an agreement with MediaNews Group Interactive (MNGi), the new media division of MediaNews Group, Inc., to e-commerce enable 62 of ...
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 17, 2005--CityXpress Corp. (PINK SHEETS:CYXP)
MediaNews Group Interactive agreement largest to date for eClassifiedXpress product
CityXpress Corp., a company whose online marketplaces have generated more than $65 million in revenue for newspapers in the past three years, today announced an agreement with MediaNews Group Interactive (MNGi), the new media division of MediaNews Group, Inc., to e-commerce enable 62 of its newspapers' classified ad sites using eClassifiedXpress.
"We've been working with CityXpress for some time now, and have great confidence in CityXpress' ability to deliver winning programs," said Eric Grilly, president of MediaNews Group Interactive. "We're looking forward to extending our relationship with CityXpress and helping our newspapers better serve consumers and private-party advertisers in their communities."
As part of the agreement, CityXpress will provide the e-commerce functionality and back-end systems for the newspapers' classified Websites, in conjunction with MNGi partners AdStar, provider of the online ad-taking tool used by MNGi's sites, and Power One Media, which provides many of the newspapers' online classified sites.
"The online marketplace offers newspapers the opportunity to leverage their position in the community and offer their readers services that are comparable to other companies such as eBay and craigslist," said Phil Dubois, president and CEO of CityXpress. "MediaNews Group has been an excellent partner and we're looking forward to taking their classifieds to the next level."
As part of the agreement, MNGi papers using eClassifiedXpress will also be able to use CityXpress' eMerchantXpress, a continuous auction-style marketplace for advertisers and consumers, and Ask Our Expert, an online feature that allows local business people to position themselves as experts.
MediaNews Group, whose newspapers have daily and Sunday circulations of approximately 2.2 million and 2.5 million respectively, represents the first corporate agreement for the eClassifiedXpress product. CityXpress recently announced signings with The Fresno Bee, The Telegraph of Nashua, N.H., and The Telegram and The Western Star of Newfoundland, Canada.
eClassifiedXpress operates on CityXpress' XpressMarketplace platform, which supports the company's successful XpressAuctions event auction program.
About CityXpress Corp.
CityXpress (www.cityxpress.com), the leading supplier of event auctions, online marketplaces and e-commerce enabled classifieds for the newspaper industry, has pioneered event auctions for newspapers since 2002. CityXpress works with newspapers in the United States, Canada and Europe to stage local auctions through its hosted software and on-site sales and customer support services. The company currently provides services to newspaper companies including Knight Ridder, MediaNews Group, Cox Enterprises, McClatchy, CanWest Global, Lee Enterprises, Scripps Howard, Freedom Newspapers, the New York Times Company and the Northcliffe Newspaper Group. CityXpress is headquartered in Vancouver BC and Seattle WA. In 2004, CityXpress announced a strategic relationship with Knight Ridder, the nation's second largest newspaper publisher, to be the exclusive provider of online auctions for its newspapers.
About MediaNews Group, Inc.
MediaNews Group, Inc is the nation's seventh-largest newspaper company, with headquarters in Denver, Colorado. MediaNews Group and its subsidiaries publish 47 daily newspapers and 110 non-daily publications in 10 states, with daily and Sunday circulation of approximately 2.2 million and 2.5 million respectively. In addition, MediaNews Group owns a CBS affiliate in Anchorage Alaska and four radio stations in Texas. MediaNews Group maintains 74 websites for its daily newspapers and an umbrella website, www.NewsChoice.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, such as the Company's capital requirements and other liquidity concerns, fluctuations in demand for newspaper auctions and for the Company's other products, competition, technological developments, and other risks and factors. These and other important factors may cause actual results and performance to differ materially from the results expressed in or implied by such forward-looking statements. The forward-looking statements are based on information available to the Company and speak only as of the date hereof. The Company does not assume, and expressly disclaims any obligation or duty to update or revise any of the information presented herein.
Contacts
MWW Group for CityXpress Corp.
Angie Frazier
Media Contact
(206) 505-8369
afrazier@mww.com
OR
CityXpress Corp.
Kris Guttormsson
Corporate Contact
(604) 638-3821
kag@cityxpress.com
www.cityxpress.com
Source: Business Wire (press release) - San Francisco,CA,USA
