SOURCE: CityXpress Corp.

May 16, 2005 07:10 ET

Tribune Chooses CityXpress Platform to Expand Recycler.com Free Classified Marketplaces

eMarketplaceXpress Supports Multi-City Expansion of Recycler.com

VANCOUVER, BC -- (MARKET WIRE) -- May 16, 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 its eMarketplaceXpress platform has been chosen by Tribune Interactive and Classified, a division of Tribune Company (NYSE: TRB), to host the expansion of its Los Angeles-based Recycler.com to 12 additional cities.

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. Features include online ad-taking and payment options, e-commerce transaction capabilities, vendor storefronts, browse and proximity search capabilities, and a listing feedback system.

"eMarketplaceXpress' e-commerce features and ability to build a comparison tool made it a good fit for our Recycler.com expansion," said Julianna Cole, Tribune Interactive and Classified vice president/merchandise and classified technology. "CityXpress has been a great company to work with and is helping us provide consumers with a fun, flexible online shopping experience."

The expanded Recycler.com sites feature an online comparison tool that allows users to preview selected listings from other sites, including local newspaper listings and listings from other online classified Web sites, and "Browse and Buy" e-commerce functionality to facilitate buyer-seller transactions. The Recycler.com site will offer sellers several different packages, such as a free 50-character headline, 2,000-character description, one main photo and one additional photo listing for 14 days. Other packages offer value-added features such as additional photos and e-commerce functionality for an additional fee.

"Free online sites are having an impact on newspapers' classified revenues and many publishers are exploring new ways to expand their classified offerings," said Phil Dubois, president and CEO of CityXpress. "eMarketplaceXpress is the first product that offers a robust and scaleable platform, with capabilities second to none."

Tribune debuted Recycler.com in New York, Baltimore, Dallas, Houston, Seattle, St. Louis, Indianapolis, New Orleans and Allentown, Pa. in early May. The company will roll out Recycler.com to Chicago, Orlando and Hartford in the coming weeks.

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, WA.

Tribune Interactive and Classified, a division of Tribune Company (NYSE: TRB), manages the interactive operations of major daily newspapers such as the Los Angeles Times, Chicago Tribune, Newsday and their associated websites and all aspects of Tribune's print and online classified advertising operations. Its national classified sites include CareerBuilder.com, Cars.com and Apartments.com. With more than 50 websites overall, Tribune Interactive and Classified ranks among the nation's leading news and information networks. The sites attract approximately 12 million unique visitors per month.

The Recycler has been connecting buyers and sellers -- and communities in general -- together for 30 years. Recycler.com is a stand alone business operation of Recycler Classifieds based in Los Angeles, Calif. Recycler Classified also produces eight weekly geographically zoned newspapers in Southern California and nine Photo Buys/Recycler Photo publications (mostly devoted to automobiles.) For more information, visit www.recycler.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.

Contact Information

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