Marchex Announces Convertible Exchangeable Preferred Stock

Marchex, Inc. (NASDAQ: MCHX)(NASDAQ: MCHXP) has announced that the company's Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock and $2.97 per share on its 4.75% convertible exchangeable preferred stock. The company intends to pay a regular quarterly dividend on its common stock for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, future prospects for earnings and cash flows as well as other relevant factors.

Online Car Shopping: A Smart Route

While online shopping has shifted the balance of power from seller to buyer, car dealers have embraced the Internet. Several third-party Web sites, those not affiliated with the manufacturers or dealers, provide shoppers with the dealer invoice, or the wholesale price, on each car. In 1997, just 47 percent of automobile dealerships had Web sites, according to the National Automobile Dealers Association. In 2006, 95.4 percent of dealers had Web sites. Slightly more than half the dealers surveyed last year had dedicated Internet sales staff.
The Internet has helped the folks selling the cars as well as those buying.

New shopping portal launched

CNI Holdings Bhd launched its new shopping portal myCNI recently featuring a convergence of online shopping, cash-based loyalty reward scheme, business ownership and online services for CNI distributors.

Its statement said myCNI would target smart consumers who wished to shop and earn at the same time, and at aspiring entrepreneurs who wished to start their own online businesses with low investment costs.

Currently, this portal will only accept online transactions from CNI distributors in Malaysia.