NEW YORK, June 16, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has enhanced the design of its website to facilitate its use by businesses for business to business (B2B) and business to consumer (B2C) transactions. It has been customized to allow businesses easy access and execution. Any business that is not operating at full capacity can now use BarterQuest to increase its business and receive value for the goods or services that would otherwise go unsold. BarterQuest’s unique and secure points system (one point equals one dollar) provides businesses with the alternative to trade or sell their excess inventory and, by using points to equalize the value of the items being exchanged, make each opportunity for an exchange real and immediate. Businesses can form their own trading clubs on the site to select their trading partners and localize their transactions. BarterQuest is focusing on businesses in the New York Metropolitan Area as it ramps up B2B.
“B2B barter is a large and well established market,” stated Dr. Paul Bocheck, the CEO of BarterQuest, “but until now was limited by old design and technology. By using our proprietary matching and trading engines, businesses can easily find and execute their trades without relying on a broker to bring them together. At the same time, we are the only site that not only introduces businesses with other businesses, but also provides businesses with a bridge to consumers as potential customers. Further, businesses are able to use points, our secure onsite currency, to supplement the value of the items offered for trade and, therefore, do not have to wait until they can find goods or services of equal value for an exchange. Moreover, points can be used by both consumers and businesses to purchase the goods or services which businesses are offering.”
BarterQuest supports the cashless exchange of all types of goods, services, and real estate. BarterQuest provides a trading platform based on proprietary technology (patents 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. 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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Bianca Han, Executive Vice President
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