May 13, 2008
New York, NY– May, 2008– BarterQuest.com will be differentiated from other trading sites by its proprietary matching and trading engines. While two party trades have been successfully facilitated by the matching engine, the ability of the site to automatically match the haves and wants of several users for a multi-party trade has now been verified in testing.
Dr. Paul Bocheck, the President, stated that “BarterQuest is a trading site that is expected to attract millions of users with millions of items to a virtual marketplace. This will provide a user with real trading alternatives. But to manually search for a potential trading partner in this immense marketplace of alternatives is not practical. We have filed patents on a matching engine that will enable the user to navigate this market and locate attractive trading opportunities by automatically aligning the haves and wants of users. Importantly, the probability and quality of a match significantly increases if our system can not only match the haves and wants of one user with those of another, but can also match the haves and wants of several users to close the loop on a multi-party trade; that is, I have what you want, you have what another user wants, and that user has what I want. This is exactly what we have done.”
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.