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BarterQuest Reaches 100,000 Online Visitors since Official Launch of Barter Platform

February 24th, 2009

570 percent monthly increase in first time users

BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and the use of real estate, today announced that 100,000 people have visited the website since its launch in mid-December 2008.

In addition to a 570 percent increase in first time visitor traffic, more than 2,000 people are now registered users and can trade locally and internationally on a regular basis. Items posted for barter range from typical goods including CDs, DVDs and books to the more unusual such as paintings and designer coats, as well as the services of chefs, jewelers, and bartenders. The site allows users to easily trade within and between the categories of goods, services and the use of real estate.

“In a short period of time and with limited promotion, BarterQuest has attracted an ever growing number of users. This speaks to barter as a viable means to save during the current recession and as an inherently “green” way to redistribute goods,” stated Michael Satz, the CEO of BarterQuest. “BarterQuest also has unique features – a user friendly design, the opportunity to trade all types of items within and among categories, and its proprietary matching engine that facilitates both two party and multi-party trades – that create an increasingly positive trading experience for our users. We look forward to further developing our site into a virtual marketplace with millions of users who have millions of items to trade.”

About BarterQuest
BarterQuest supports the cashless exchange of all types of goods, services, and the use of real estate (the features necessary to trade real estate will be introduced in the near future). BarterQuest provides a trading platform based on proprietary, patent pending technology that instantly matches the haves and wants of users for two party and multi-party trades. Barter is encouraged by a user friendly Web design. 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

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