GENESISINTERMEDIA.COM


Contact:                   Robert Bleckman, Director of Investor Relations
                           Tel: (818) 902-4397  Fax: (818) 902-4302
                           E-mail:  robertb@genesisintermedia.com




             GENESISINTERMEDIA.COM CLOSES $10 MILLION IN ADDITIONAL
                  FINANCING FOR EXPANSION OF CENTERLINQ NETWORK

LOS   ANGELES,   CALIFORNIA  -  MAY  3,  2000  -   GenesisIntermedia.com,   Inc.
(NASDAQ:GENI) (PCX: GNS) (Frankfurt:  GIA), a developer of Internet technologies
and Internet companies,  today announced that, as part of an ongoing fundraising
program,  it has  completed  its  latest  round of  financing,  consisting  of a
placement of $4 million in Series B  Convertible  Preferred  with  institutional
investors,  and $6 million in long-term  debt.  The funds will be used to expand
GENI's  infrastructure,  for  general  corporate  purposes  and  to  expand  the
CENTERLINQ network.

Ramy  El-Batrawi,  Chairman  of  GenesisIntermedia.com,  Inc.,  stated  "The new
capital  infusion  will  put us in a  stronger  market  position,  and  gives us
additional  resources to extend the CENTERLINQ  brand,  maintain our first-mover
position and bring additional talent into CENTERLINQ."

El  Batrawi  continues,  "This  tranche of  financing  helps us  strengthen  our
existing core competencies,  as we continue to drive high-growth  businesses and
technologies.  Our incubation  business model nurtured  CENTERLINQ and gave it a
good start, and even though we are still in the investment phase with respect to
building the network,  CENTERLINQ  is beginning to influence the flows of retail
advertising,  and  achieve  respectable  market  share.  We intend  to  continue
building  market  share  to  make  CENTERLINQ  one of the  most  recognized  and
sought-after advertising networks in the country. A continued investment of this
scope will be reflected in future quarterly results."

GenesisIntermedia.com,  Inc.  has  historically  derived its  revenues  from its
conventional media and interactive multimedia  technologies.  The implementation
of CENTERLINQ was the logical outgrowth of these core competencies, and now GENI
is  working  toward  creating   long-term   shareholder   value  by  building  a
high-growth,   technology   investment  platform  to  actively  proliferate  new
opportunities.  While continuing to invest in  growth-oriented  areas as part of
its ongoing  shareholder value initiative,  the Company is likewise slowing down
investments in capital-intensive,  low-margin segments of its business,  such as
media placement,  that do not provide enhanced long-term value for shareholders.
The  Company may  determine  similar  steps for other  areas of its  broad-based
business in the future.

Page 2

About CENTERLINQ

CENTERLINQ is a rapidly  expanding  unified  network  that's  accessible via the
world  wide web and  through  public  access  touch-screen  Internet  kiosks  in
shopping malls.  Currently  reaching more than  22,000,000  consumers per month,
CENTERLINQ  attracts a diverse audience with one of the largest loyalty shopping
programs in the U.S.,  providing coupons,  directories and quick-touch access to
high-profile national advertising partners.  The kiosks also provide information
regarding  the  preferences  and  interests of the  consumers  who utilize them,
enabling  businesses to successfully  target  consumers likely to purchase their
products and services in the future.

CENTERLINQ was recently honored by Microsoft Corp. (NASDAQ:  MSFT) with the 2000
Retail  Application   Developer  "RAD"  award  for  "Best  Retail   Headquarters
Application"  in the  category of Core Retail  Marketing,  its second such honor
within three years.

CENTERLINQ  is  installed  in  malls in the  United  States  with an  aggressive
long-term   expansion  program   underway.   Current  contracts  for  CENTERLINQ
deployment  and operation  include ones with the Taubman  Company,  Urban Retail
Properties and Crown American Realty.

About GENI

GenesisIntermedia.com,  Inc. (GENI) is a developer of Internet  technologies and
Internet companies. As it has done with CENTERLINQ,  GENI leverages its strength
in  operations,  marketing and the  deployment of  traditional  and new media to
advance new and innovative  technologies within strategically  identified market
segments.

GENI's  execution of the  CENTERLINQ  platform,  the first  technology  deployed
within the Company's  incubation  model, has resulted in rapid expansion for the
network  into  20  shopping  malls  in  the  United  States,  with  17 of  those
installations occurring in the fourth quarter of 1999.

         This document  contains  certain  forward-looking  statements  that are
         subject   to   risks   and   uncertainties.    For   such   statements,
         GenesisIntermedia.com  claims  the  protection  of the safe  harbor for
         forward-looking   statements   contained  in  the  Private   Securities
         Litigation  Reform Act of 1995.  Actual  events or  results  may differ
         materially  from those  discussed in  forward-looking  statements  as a
         result of various  factors  discussed in  GenesisIntermedia.com's  Form
         10(k) filed with the Securities and Exchange Commission.