GenesisIntermedia.com chairman increases common stock holdings

LOS ANGELES - GenesisIntermedia.com Inc. (Nasdaq:

The purchase, made at the prevailing market price, brings the total number of shares of GENI common stock that El-Batrawi has bought in the open market to 275,000. El-Batrawi said he believed the stock is undervalued and the share price was "attractive" at its current level. He has also increased the frequency of his institutional purchases of the company's stock.

GenesisIntermedia.com's Centerlinq network is expanding into malls across the country, including those in the top 20 consumer markets. The network is accessible via the Web and public access Internet kiosks.