SOURCE: CityXpress Corp.

May 24, 2005 07:12 ET

Community Newspaper Holdings, Inc. Selects CityXpress to Create Classified Marketplace for 89 Newspapers

Marketplace to Launch in June Using CityXpress' eMarketplaceXpress Platform

VANCOUVER, BC -- (MARKET WIRE) -- May 24, 2005 -- CityXpress Corp., a company whose online marketplaces have generated more than $80 million in revenue for newspapers in the past three years, today announced that Community Newspaper Holdings, Inc. (CNHI) has selected CityXpress' eMarketplaceXpress platform to host a classified marketplace for 89 of its newspapers.

The CNHI marketplace is scheduled to launch in mid-June. CityXpress' eMarketplaceXpress platform will provide a single Web site for the CNHI marketplace, but the site will display branding that matches the visitor's home newspaper.

Shoppers will have access to items and merchandise from all participating CNHI newspapers. Print classified listings from the participating papers will be imported into the site. Online advertisers may also purchase listings in print, increasing the reach of the listings.

"Creating an online marketplace with eMarketplaceXpress gives us tremendous opportunity to expand our local brands while leveraging geographically related classifieds on a shared platform that crosses all of our community sites," said Bill Blevins, CNHI vice president of Internet operations.

"With the eMarketplace platform, CityXpress has demonstrated its ability to position our sites for the next generation of online classifieds by creating a combination of features that will maintain current revenue streams, create new revenue streams, meet the needs of our advertisers and visitors and, most importantly, position us well to hold our ground against the major online-only classified sites that would like to see newspapers lose this space altogether," Blevins said.

CNHI is the parent company of daily, weekly and semi-weekly newspapers published in more than 200 communities throughout the United States.

CNHI is the second major newspaper group to announce an agreement with CityXpress this month to deploy the eMarketplaceXpress platform. Earlier in May, CityXpress announced an agreement with Tribune Interactive and Classifieds to host the expansion of Tribune's Los Angeles-based Recycler.com.

"CityXpress is currently the only company that provides newspapers with a complete marketplace solution that allows them to rebuild and renew their classified sites while earning revenue from the extensive up-sells that our platform provides," said Phil Dubois, president and CEO of CityXpress Corp. "eMarketplaceXpress provides a rich user experience that reinforces the strength of the free-listing classified model, supported by revenue from up-sells."

CNHI's marketplace will be able to offer sellers up to 500 characters of text description and one photo for free. Two enhanced packages are also available, which offer up to 2,000 characters of text description, additional photos, as well as fixed price and best offer transaction capabilities. Other up-sells include a bold headline, more photos, priority positioning in search results, and business profiles. All listings, including free and enhanced, run for seven days. Features include online ad placement and payment options, e-commerce transaction capabilities, browse and search capabilities, and a listing feedback system.

eMarketplaceXpress is a complete online classified marketplace that enables newspapers to create free and low-cost online classified marketplaces in order to compete directly in their local markets with free-listing services.

About CityXpress Corp.

CityXpress (www.cityxpress.com), the leading supplier of 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 online marketplaces 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, McClatchy, CanWest Global, Lee Enterprises, Scripps Howard, the New York Times Company and the Northcliffe Newspaper Group. CityXpress is headquartered in Vancouver, BC, and Seattle.

About Community Newspaper Holdings, Inc.

Community Newspaper Holdings, Inc. (www.CNHI.com), formed in 1997 with corporate headquarters located in Birmingham, Alabama, is the parent company for daily, weekly and semiweekly newspapers published in more than 200 communities throughout the United States. It is the company's strategy to seek out newspapers in smaller markets with growth potential. A premium has been placed in purchasing newspapers in geographic proximity, for operational efficiency and in order to provide additional services to readers. The company's other holdings include a variety of ancillary publications and services that complement its newspaper mission.

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.

Contact Information

  • Media Contact:
    Angie Frazier
    MWW Group for CityXpress Corp.
    206-505-8369
    afrazier@mww.com