April 22, 2008
New York, NY– April 22, 2008– BarterQuest.com, a Web site under development, announced that it will encourage users to consider donating their items to qualified charities as an alternative to trading. BarterQuest.com will be a trading platform for the individual consumer that automatically matches the haves and wants of potential traders. Users will be able to designate the items they have to trade as also available for possible donation and charities that have registered with the site will be able to search for wanted items.
Michael Satz, the Chairman and CEO, stated that “as a site that could attract millions of items to a virtual marketplace, BarterQuest is naturally positioned to bring together the needs of charities with the goods and services of individuals. This is consistent with the inherent nature of the site as a contributor to the common good. BarterQuest is after all a giant recycling engine that can serve to mitigate the negative environmental impacts of our disposable culture.”
BarterQuest.com is owned by JPM Global, Inc., a Delaware corporation. BarterQuest.com will be an interactive Web site for the cashless exchange of goods, services, and the use of real estate between individual consumers. Keyword searches and the automatic matching of the haves and wants of users will facilitate two-party and multi-party trades. The Web site is undergoing alpha testing and will launch in 2008.
Except for historical information contained herein, this news release may contain forward looking statements that are subject to risks and uncertainties.