CityXpress Completes Second Successful Swiss Auction, Announces Two More European Newspaper Auctions.VANCOUVER, British Columbia -- Aargauer Zeitung auction generates approximately $290,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. CityXpress Corp., a company that has generated more than $50 million in revenue for newspapers in the past two years from its event auction program, today announced the successful results of its second Swiss auction, and the signing of two more newspapers in Switzerland Below is a list of newspapers published in Switzerland.
The Aargauer Zeitung auction, held Sept. 20-29 in Aarau, Switzerland, generated CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 353,178 (approximately $290,000 USD) in revenue and sold 76 percent of the products available for bidding. The auction attracted 104 advertisers, including 46 new clients. "Switzerland is proving to be a very successful market for the event auction program," said Phil Dubois, president and 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. of CityXpress Corp. "We look forward to working with more Swiss papers as we continue to expand our presence in Europe." In German-speaking markets, CityXpress is working with Norbert Specker of Catchup catch·up n. Variant of ketchup. Communications AG, the authorized CityXpress reseller for these markets. CityXpress announced that two more German-language newspapers will stage their first auctions later this year and next spring. The Bieler Tagblatt in Biel, Switzerland will hold its auction December 4-14. The Vorarlberger Nachrichten in Schwarzach, Austria will hold its auction March 5-14, 2005; it will be CityXpress' first Austrian auction. The Aargauer Zeitung auction is the fifth that CityXpress has staged for newspapers in Europe Lists of newspapers for each country in Europe.
Newspaper auctions are online events staged by newspapers with goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. provided by local retailers in exchange for exposure through the auction and advertising credits that are earned if the retailers' items sell. Auctions typically take place during a 10-day period. They help newspapers attract new advertisers and generate incremental revenue from existing advertisers, while boosting in-store traffic for vendors and producing good deals for consumers. ABOUT CITYXPRESS CityXpress (www.cityxpress.com), the leading supplier of event auctions, 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 Newspapers have declined in their influence and penetration into American households over the years. The U.S. does not have a national paper per se, although the influential dailies the New York Times and the Wall Street Journal are sold in most U.S. cities. , Canada and Europe to stage local auctions through its hosted software and on-site sales and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The company currently provides services to newspaper companies including Knight Ridder, MediaNews Group, Cox Enterprises, McClatchy, CanWest Global, Lee Enterprises, Scripps Howard, Freedom Newspapers, the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Company and the Northcliffe Newspaper Group. CityXpress is headquartered in Vancouver BC and Seattle WA. In 2004, CityXpress announced a strategic relationship with Knight Ridder, the nation's second largest newspaper publisher, to be the exclusive provider of online auctions for its newspapers. 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 Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. 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. |
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