CityXpress Corp.

CityXpress Corp.

March 16, 2005 13:30 ET

CityXpress Launches eMarketplaceXpress to Support Free Classified Advertising Sites for Newspapers; Platform Enables Newspapers to Compete Directly with Free-Listing Classified Services


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITYXPRESS CORP.

MARCH 16, 2005 - 13:30 ET

CityXpress Launches eMarketplaceXpress to Support Free
Classified Advertising Sites for Newspapers; Platform
Enables Newspapers to Compete Directly with
Free-Listing Classified Services

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - CityXpress
Corp., a company whose online marketplaces have generated more than $65
million in revenue for newspapers in the past three years, today
announced the launch of eMarketplaceXpress, a complete, stand-alone
online classified marketplace that enables newspapers to respond
aggressively to free classified competitors.

The eMarketplaceXpress platform enables newspapers to create free and
low-cost online classified marketplaces, separate from the newspaper's
site of print listings, in order to compete directly in their local
markets with free-listing services such as craigslist, said Phil Dubois,
president and CEO of CityXpress Corp.

In late 2004, Editor & Publisher cited a report from Classified
Intelligence LLC that said craigslist has cost newspapers in the San
Francisco Bay Area $50- to $65-million in employment advertising
revenue, and untold millions more in merchandise and real-estate
advertising.

"World-class online competitors have redefined the local classified
market and set the bar high," Dubois said. "Online users expect to be
able to place free ads over the Web and to have access to capabilities
not available through most online newspaper sites. To compete,
newspapers need tools now that deliver the capabilities today's online
sellers and buyers are using."

eMarketplaceXpress is a self-contained marketplace that includes online
ad-taking and payment options, browse and proximity search capabilities,
e-commerce functionality to facilitate buyer-seller transactions, and a
vendor rating system. Newspapers can also offer value-added features
such as multiple photos, priority listings, enhanced displays and vendor
profiles. Newspaper groups can also link individual city sites running
on the eMarketplaceXpress platform together as part of a larger network.

"We believe that newspapers can level the playing field with online
marketplaces whose features and functions meet the competition head-on,
and eMarketplaceXpress was designed to meet this need," Dubois said.

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.

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.

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