CanWest Signs Agreement With CityXpress to Launch 15 Newspaper Auctions; Winnipeg Free Press Also to Launch Auction.Business Editors & High Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 9, 2003 CityXpress Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYXP), the leading supplier of event auctions to newspapers, today announced that it has signed an agreement with CanWest Media Inc., a division of CanWest Global Communications CanWest Global Communications Corp. TSX: CGS TSX: CGS.A NYSE: CWG is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba, at the tallest building (CanWest Global Place) in the city and it is on the Corp., to launch 14 newspaper auctions in the first quarter of 2003 and one in the second quarter using the CityXpress Xpress Auctions platform. The Winnipeg Free Press The Winnipeg Free Press is a daily broadsheet newspaper in Winnipeg, Manitoba. Founded in 1872, as the Manitoba Free Press, it is the oldest newspaper in western Canada. It is the newspaper with the largest readership in the province. , owned by FP Canadian Newspapers Limited Partnership, will also launch an auction in the first quarter in conjunction with CanWest's Global Winnipeg television station in Winnipeg, MB. The Winnipeg Free Press will join CanWest's Ottawa Citizen The Ottawa Citizen (established 1845) is an English-language daily newspaper owned by CanWest Global in Ottawa, Canada. According to the Canadian Newspaper Association, the paper has a circulation of 141,540. , Regina Leader-Post The Regina Leader-Post is a local newspaper of Regina, Saskatchewan, Canada, and now a member of the CanWest News Service. The newspaper was first published as The Leader in 1883, by Nicholas Flood Davin. , Saskatoon StarPhoenix The Saskatoon StarPhoenix is a daily newspaper that serves Saskatoon, Saskatchewan, Canada, and area that is part of CanWest News Service. The StarPhoenix was first published as The Phoenix in October 1902. , St. Catharines Standard The St. Catharines Standard is the prominent daily newspaper of the city of St. Catharines, Ontario, Canada. History The St. Catharines Standard was started in 1891, by W.B. Burgoyne. It was one of four newspapers being published at that time in the city. , Niagara Falls Review The Niagara Falls Review is a daily newspaper published for the Niagara Falls, Fort Erie and Niagara-on-the-Lake area. History The Niagara Falls Review has been the local newspaper in Niagara Falls since 1879. , Brantford Expositor and The Welland Tribune in launching auctions in February 2003. The Vancouver Sun/Province, Calgary Herald, Edmonton Journal, Montreal Gazette, Victoria Times-Colonist, Windsor Star and Central Vancouver Island newspapers jointly comprised of the Nanaimo Daily News, Harbour City Star, Oceanside Star, Courtney/Comox Valley Echo, Campbell River Courier Islander/North Islander and Alberni Valley Times will run auctions in March 2003. The National Post, one of Canada's leading national newspapers, will run an auction in April 2003. The combined daily circulation of the CanWest newspapers and the Winnipeg Free Press exceeds 1.5 million. "CanWest is Canada's leading newspaper publisher, so we're clearly excited to be working with their major dailies across the country and looking forward to making this program an even stronger performer than it was last year," said CityXpress President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Phil Dubois. "Our selection is a recognition of the high level of service we provide and an endorsement for the end-to-end solution our product delivers to newspapers." Now scheduled to host 25 newspaper auctions in the first six months of 2003, CityXpress provides a growing number of newspaper affiliates in the U.S. and Canada with innovative products that generate incremental sources of advertising revenue. Xpress Auctions, the most comprehensive product available for newspapers, provides the complete workflow environment to manage and conduct newspaper auctions. The company's Xpress Special Sections delivers a powerful package of fresh editorial content and contextually-related advertising and promotional products, providing targeted promotional opportunities for local advertisers wishing to reach a valuable niche audience. ABOUT CITYXPRESS CityXpress develops integrated online and promotional solutions that provide media companies with opportunities to generate new sources of incremental revenues from their Internet sites. CityXpress has offices in Vancouver and Winnipeg, Canada and Seattle, Washington. CityXpress shares trade on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB under symbol CYXP. More information on CityXpress is available at the company's corporate website at www.CityXpress.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. These and other important factors, including those mentioned in various press releases and/or communications of the Company, may cause actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release and/or communication speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. |
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