CityXpress Releases eClassifiedXpress, Allows Newspapers to E-Commerce Enable Classifieds.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Easy-to-Use Product Can Help Newspapers Reclaim Revenue Lost to Online Competitors 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 release of eClassifiedXpress, a product that gives newspapers the ability to offer e-commerce-enabled classified ads. "To be successful in meeting the threat posed by online competitors such as eBay and Craigslist, newspapers must respond with strong products that offer users an experience comparable with these offerings," said Phil Dubois Phil DuBois (born November 16, 1956 in Rochester, Minnesota) was an American football tight end in the NFL for the Washington Redskins. He played college football for San Diego State University. , 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. "eClassifiedXpress does that and more by enabling newspapers to leverage the strength of their local presence and complementary print classifieds, so they offer more value than the competition." The eClassifiedXpress platform is integrated into an existing online classified site, giving sellers the ability to select one of three interactive selling methods when placing an ad: fixed price purchase, best offer or auction. Classified ads that feature one of these options appear with the appropriate transaction button on the newspaper's site. When a purchaser clicks on the button, eClassifiedXpress guides them through the purchase and payment process. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report released today by Classified Intelligence L.L.C., the interactive-media consulting group, the big three classified verticals - employment, automotive and real estate - are moving steadily online at the expense of print advertising. Merchandise advertising - which generated roughly $2 billion in sales for U.S. daily papers in 2003 - is also moving out of print to online marketplaces. Most notably, it's moving to eBay and to Craigslist. "Newspapers have known for a long time that eBay and Craigslist were significant threats, but this is the first study that shows just how much they're damaging daily newspapers," said Peter Zollman, founding principal of Classified Intelligence. "Newspaper executives told us in our recent study that eBay and Craigslist are increasingly infringing on their classified revenue. Products such as CityXpress' eClassifiedXpress can help newspapers regain some of their lost ground in the local market." The community focus of the newspaper is a key strength of eClassifiedXpress. Customers can easily go and touch the products because they are for sale by local people, and receiving larger items such as automobiles and refrigerators is much easier because they do not have to be transported long distances, said Dubois. CityXpress is currently offering newspapers a guided demonstration of eClassifiedXpress. Those interested should contact Clint McKinlay, director of business development for CityXpress at 303-841-9321 or cmckinlay@cityxpress.com. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : To obtain a free copy of the Classified Intelligence report mentioned in this release, visit www.cityxpress.com or www.ClassifiedIntelligence.com. ABOUT CITYXPRESS CityXpress (www.cityxpress.com), the leading supplier of event auctions 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
Knight Ridder (IPA: /ˈrɪdɚ/) was an American media company, specializing in newspaper and Internet publishing. , MediaNews Group Not to be confused with Media General, an unrelated newspaper and TV group. MediaNews Group, based in Denver, Colorado, is one of the largest newspaper companies in the United States. , Cox Enterprises Cox Enterprises is the successor to the publishing company founded in Dayton, Ohio, by James Middleton Cox, who began with the Dayton Daily News. The company is private, 98% controlled by the octogenarian daughter of Cox, Anne Cox Chambers, and the two children of her late , 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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