WPP'S IMPIRIC CASHES IN WITH CITIGROUP ASSIGNMENT

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(May 14, 2001) -- WPP Group-owned Young & Rubicam's Impiric, New York, was named the Internet agency of record for Citigroup's $3 million AOL Financial Services Alliance account. Impiric, chosen after a review that included five undisclosed agencies, already handles direct marketing duties for the financial giant's banking and card businesses on a global basis.

Impiric's brief for the new account win is to develop online advertising units -- banners, button, text links, jump pages -- for the partnership between AOL Time Warner's America Online and Citigroup. That venture gives Citigroup divisions, including Citibank Online, Travelers Insurance and Citi Credit Cards, ad placements in AOL properties.

Copyright May 2001, Crain Communications Inc.

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