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BarterQuest Expands Management Team: Names Bell Laboratories Veteran as Director of Engineering

September 29, 2008

New Director of Engineering brings over 20 years experience in R&D management

New York, NY– 29 September 2008– BarterQuest, a consumer trading platform that supports the cashless exchange of goods, services and the use of real estate, announced today Laurence Ruedisueli has been named Director of Engineering. Ruedisueli will be responsible for establishing the technical strategy for BarterQuest system development, testing and deployment.

“We are excited Larry has decided to join the BarterQuest team,” said President Dr. Paul Bocheck. “His more than 20 years of experience in managing R&D projects will be extremely beneficial for BarterQuest during its period of initial growth. I have worked with Larry in the past and know the value he will bring to the company. Larry will be instrumental in leading the continuing development of our proprietary technology.”

“I’m fortunate to have been given this opportunity to be a part of the BarterQuest team and lead its system development,” said Ruedisueli. “Research and development have been important to me throughout my career. BarterQuest has developed a unique matching and trading system supported by a solid business model and I am looking forward to contributing to its success.”

Ruedisueli joins BarterQuest from Lightspeed Audio Labs, a start-up company that created a system and website (www.jamnow.com) which allows its users to participate as fans and performers in online collaborative music. Ruedisueli was responsible for designing and writing code for the C- based client application (for Windows and Mac) and the associated Linux server application. Prior to joining Lightspeed Audio Labs he was a Principle Technical Staff Member for AT&T laboratories, where he completed projects including network applications, signal processing, interactive devices, GUI applications and language design work.

About BarterQuest
BarterQuest is a consumer trading platform that combines a user friendly Web design with proprietary, patent pending technology that instantly matches the haves and wants of users for two party and multi-party trades. BarterQuest supports the cashless exchange of all types of goods, services, and the use of real estate. BarterQuest is headquartered in New York, NY and is owned and operated by JPM Global, Inc., a Delaware corporation. For more information visit www.BarterQuest.com.

Except for historical information contained herein, this news release may contain forward looking statements that are subject to risks and uncertainties.

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