BarterQuest’s Trading Engine Patented

Proprietary Technology Recognized with Issuance of Company’s First Patent

NEW YORK, May 24, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has been issued the first patent related to its proprietary technology. While several patents remain pending, a patent for the process of forming and managing barter transactions, referred to as the site’s “trading engine,” was issued on April 12, 2011. The trading engine is intended to provide users with a systematic way to initiate and complete trades, avoiding the endless communication that can render trading problematic.

“Issuance of this patent establishes BarterQuest as a leader in Internet barter technology and further differentiates BarterQuest from all other trading sites,” stated Dr. Paul Bocheck, President & CEO of BarterQuest. “BarterQuest is designed to fully answer the problems historically associated with barter, making trading easy. Our trading engine is complimented by our matching engine, which instantly finds your reciprocal trades in the form of both two party and multi-party transactions. We believe that our unique combination of technology and features is necessary for BarterQuest to support large scale trading activity.”

About BarterQuest

BarterQuest supports the cashless exchange of all types of goods, services, and real estate. BarterQuest provides a trading platform based on proprietary technology (patents issued and filed) that instantly matches the haves and wants of users for two party and multi-party trades. Barter is facilitated by a user friendly Web design that is unique in its combination of features that support trading.  The site serves as a bridge between the consumer and business markets (C2C, B2C and B2B). 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.

Vendors seeking further information, please email: vendors@barterquest.com

Bianca Han, Executive Vice President
BarterQuest
231 West 29th Street
Suite 906
New York, NY 10001
212-279-0070
bhan@barterquest.com

Media
Gutenberg Communications
Kerri Hazama
212-810-4168
kerri@gutenbergpr.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>