GenesisIntermedia.com to Repurchase Stock

GenesisIntermedia.com Inc., Studio City, announced its board of directors has authorized a stock repurchase program enabling the company to buy up to 500,000 shares of common stock. The repurchased stock will become treasury shares, available for general corporate purposes.

GenesisIntermedia.com is an E-commerce marketing company with a proprietary marketing system, Centerlinq, a network of Internet portals that provide direct access to the Internet via free-standing kiosks with touch-screen computers.