» Announcements

BarterQuest Presents Its New Technologies at IRTA Convention

Arthur — Wed, 14 Sep 2011 12:12:24 +0000

BarterQuest will present its patented technology to facilitate C2C and scale B2B

NEW YORK, September 14, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has become a member of the International Reciprocal Trade Association (“IRTA”) and will present a seminar on its patented new technology at IRTA’s 32nd Annual International Convention. The Convention will be held from September 19th through 21st at the Aventura Spa Palace in Riviera Maya, Mexico. IRTA is a non-profit organization committed to promoting equitable standards of practice within the barter industry and other alternative capital systems.

At the seminar Dr. Paul Bocheck, as the person who has been responsible for its development, will describe BarterQuest’s proprietary technology and how it operates to overcome the obstacles inherent to barter. This technology includes a matching engine that instantly finds reciprocal two party and multi-party trades to solve for the “double coincidence of wants” (a trade requires parties who each wants what the other has) and a trading engine that allows trading partners to systematically negotiate and complete their trades. Further, a points system has been developed as an onsite currency to equalize trading values and provide trade credit to businesses.

“BarterQuest has been designed as an Internet platform which makes trading easier,” stated Dr. Paul Bocheck, a founder and the CEO of BarterQuest. “We believe that the various features of our site will promote C2C exchanges and at the same time provide the tools necessary for trade brokers to effectively scale their support of B2B exchanges. As the number of individual users continues to grow rapidly, we are increasingly focused on encouraging businesses to join the BarterQuest network to find the items they want and provide inventory for our consumers.”

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 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.
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

Wanna trade?

Arthur — Mon, 18 Jul 2011 16:41:09 +0000

originally on http://durangoherald.com/article/20110718/NEWS01/707189930/-1/s by Emery Cowan

When Tae’ and Ghislain Thomas need something new, they don’t limit themselves to what they can afford in cash.

Actually, bartering is more their style.

The couple has traded chiropractic sessions for welding work on their RV, a washer and dryer for tools and are seeking help on a website in exchange for contract work or wellness consultations.

Trading is a way to keep cash in their pockets, said Ghislain Thomas.

“I really believe in it, we’ve been bartering for many, many years,” he said. “These days money is a little more difficult, it’s hard to sell. But when you’re asking people for something and you have something they want, it’s easy to trade.”

With cash and credit tight and bills always looming, the age-old practice of bartering has increasingly become a viable and even preferable method for individuals and businesses looking to exchange goods and services. Bartering websites have sprung up to serve local and national markets and barter exchanges, which serve businesses, have seen steady growth.

While the most vibrant barter markets are in bigger cities, the trend is starting to take hold in smaller population centers such as the Four Corners. Case in point: a barter website for the region, fourcornersbarter.com, launched last month.

“Just about everyone I know has done some type of trading,” said Mitch Schneider, creator of site. “Now that times are tough, it’s becoming more and more prevalent.”

The alternative market

The tough economic climate has played a major role in the growth of the practice.

The International Reciprocal Trade Association estimated that $12 billion was traded in 2009-2010, up from $8.25 billion in 2004.

Especially in a recession, bartering provides an alternative marketplace for businesses to profit on unused capacity, said Ron Whitney executive director of the association, a nonprofit that regulates and provides standards for trade and barter-service companies.

In this economic climate, many hotels, for example, may be able to fill only 50 percent of their rooms most nights, Whitney said. Barter exchanges may allow them to sell some of those extra rooms in exchange for goods and services they normally would have paid for with cash.

The end result is more occupied rooms and hopefully more cash in the bank, he said.

“The bad economy has caused a lot of people to look for new creative solutions,” Whitney said. “The organized barter and trade industry that has been there for 30 years is actually one of those solutions.”

Vacation homes and cars

Craigslist also has barter and trade sections that feature sometimes hundreds of listings each day while other websites like BarterQuest, SwapAce and U-Exchange target bartering specifically. The sites feature various strategies to simplify the process of connecting traders and facilitate their exchanges.

Since the beta version started in 2006, BarterQuest has seen double-digit growth, said Michael Satz, one of the site’s founding investors. People use the site to trade everything from computers and cars to life coaching and vacation homes, he said.

Beyond the cash-saving benefits, the practice of trading goods can be attractive because it is a very green endeavor,” Satz said.

“You’re not constantly buying things with the accompanying costs of manufacturing and distribution,” he said. “It’s a counter to the disposable economy by finding value with things that may not have value for you but have value for somebody else.”

Even though it doesn’t include a cash transaction, bartering still counts as business and can be taxed, said Internal Revenue Spokesperson Karen Connelly. Just like other transactions, barter activities may result in ordinary business income, capital gains or capital losses, she said.

The stuff culture

For most people, bartering is easier than they think simply because we all have a lot of stuff, Thomas said.

“We found out there’s always something you have that you would be ready to trade,” he said. “It’s easier than money.”

Since he started bartering a year and a half ago, Cortez resident Mark Hadsell said he finds himself constantly trading dirt bikes, three-wheelers and anything else with a motor.

Many times, the trading process “just works out easier,” he said.

Schneider said that around the Four Corners, the trading of services – say, carpenter work for financial work – is what he sees most often.

The Four Corners Barter website aims to bring all those transactions into one place, like a bulletin board, he said.

“It’s a way to bring people together, it will help out on both ends,” he said.

BarterQuest Enhances Its Trading Platform for Businesses

Arthur — Thu, 16 Jun 2011 16:13:50 +0000

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.”

About BarterQuest

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

BarterQuest announces Express Giveaway

Arthur — Mon, 06 Jun 2011 20:01:13 +0000

NEW YORK, June 06, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, announced that it has initiated a contest to win a $25 Amazon Gift Certificate. The giveaway is open to anyone who enters between June 4th and June 13th. Winners will be chosen at random from all eligible entries.

To win a $25 Amazon Gift Certificate, post on BarterQuest at least one item you HAVE to trade and share it on our Facebook page or invite a friend to BarterQuest. You may enter multiple times each time you post and share it on Facebook or invite a friend.

You do not have to trade on BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/giveaway-rules-win-a-25-amazon-gift-card.

“As more people discover our barter site,” stated Bianca Han, Executive Vice President, “we want to encourage them to post the items they have to trade. Posting doesn’t obligate you to do anything and it’s free. On the other hand, unless you post you cannot trade, and you never know the offers you may receive. One or more can very well be the ‘offer you can’t refuse’.”

About BarterQuest

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

BarterQuest’s Trading Engine Patented

Arthur — Tue, 24 May 2011 18:31:32 +0000

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

BarterQuest will giveaway a $100 Amazon Gift Certificate in sweepstakes.

Arthur — Tue, 17 May 2011 18:37:12 +0000

NEW YORK, May 17, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, announced that it has initiated a contest for a $100 Amazon Gift Certificate. The giveaway is open to anyone who enters between April 20th and May 31st. Winners will be chosen at random from all eligible entries.

There are three different possibilities to enter the giveaway for a chance to win a $100 Amazon Gift Card:

You can retweet at least one of BarterQuest’s tweets on Twitter.
Or become a fan on the BarterQuest fanpage on Facebook (http://www.facebook.com/BarterQuest) and post on the wall what you like about BarterQuest or bartering in general.
You can also enter the giveaway by registering on BarterQuest.com and inviting your friends to the site.

You do not have to be a user of BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/giveaway-rules-tweet-and-win-a-100-amazon-gift-certificate.

Paul Bocheck, the CEO of BarterQuest, stated, “We are constantly seeking to attract new users to our site to discover the advantages of barter. Whether you are a mother looking for clothes or accessories for your children, a traveler looking for a place to stay, someone looking to trade for another car, or a business looking for a way to realize good value on your excess inventory, barter is your way to save cash, maximize the value of the items you have, and expand your network.”

About BarterQuest

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

BarterQuest will Giveaway $100 Amazon Gift Certificate

Arthur — Fri, 04 Mar 2011 20:42:51 +0000

BarterQuest will Giveaway $100 Amazon Gift Certificate
March 04th, 2011

NEW YORK, March 04, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has initiated a contest for a $100 Amazon Gift Certificate. The giveaway is open to anyone who enters between March 3rd and April 15th. Winners will be chosen at random from all eligible entries.

To win a $100 Amazon Gift Card, post on BarterQuest at least one item you HAVE and at least one item you WANT in return (http://www.barterquest.com/post). The more HAVES you post, the greater your chance to win. You do not have to trade on BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/giveaway-rules-100-amazon-gift-certificate.

“As we continue to expand as the cutting edge platform for barter, we want to encourage our users to post their items to provide more dynamic trading alternatives,” stated Dr. Paul Bocheck, CEO of BarterQuest. “With this giveaway, we are seeking to expose new users to barter and its advantages and, at the same time, reward our current users for doing what they should be doing to increase their trading opportunities, posting more items. Posting costs you nothing and doesn’t commit you to anything, but it is the way to increase offers. You never known, you may just get the offer you can’t refuse.”

About BarterQuest

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

BarterQuest Will Giveaway Apple iPad

Arthur — Tue, 18 Jan 2011 19:31:07 +0000

BarterQuest Will Giveaway Apple iPad
January 18th, 2011

NEW YORK, January 15, 2011 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has initiated a contest for a new Apple iPad. The giveaway is open to anyone who enters between January 14th and April 3rd. Winners will be chosen from all eligible entries.

To win a 16GB iPad with WiFi you must complete at least five trades on BarterQuest’s site (www.barterquest.com) during the term of the contest. The person who completes the most trades wins. While you must register and, as a matter of site security, verify your account to trade (a verification fee is charged as part of the verification process), there are no fees or charges for trading. Contest rules can be found on http://barterquest.com/.

“This giveaway is intended to encourage users to come to BarterQuest and discover the advantages of trading: to save money, to obtain real value for things that may be of marginal value to you, and to be green by recycling,” stated Bianca Han, Executive Vice President of BarterQuest. “Interest in BarterQuest is growing rapidly, measured both by the number of page views and registered users. Mothers, students, travelers, service providers…diverse groups are seeking barter as the better way to get what they want. As the large and established barter market migrates to the Internet, our site continues to stand alone in providing a full solution to the problems associated with barter and, in so doing, making trading easy.”

About BarterQuest

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

BarterQuest Amazon Kindle Giveaway

Arthur — Thu, 02 Dec 2010 22:04:48 +0000

NEW YORK, December 2nd, 2010 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has initiated a sweepstakes for an Amazon Kindle. The giveaway is open to anyone who enters between December 2nd, 2010 and December 23rd, 2010. Winners will be chosen at random from eligible entries.

To win an Amazon Kindle (Kindle Wireless Reading Device, Wi-Fi, 6″ Display – with New E Ink (Pearl) Technology), you simply have to post on BarterQuest at least one item you HAVE to trade and at least one item you WANT http://www.barterquest.com/post. The more items you post on BarterQuest, the greater your chances of winning. You do not have to trade on BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/giveaway-rules-kindle.
“We are offering this giveaway as a way to celebrate the holiday season with our users and encourage people to try barter as a better way to get what they want for the holidays,” stated Bianca Han, Executive Vice President of BarterQuest. “BarterQuest is leading the e-barter revolution for people who are seeking to save money, be green, and have fun. As groups like mothers, students, and travelers discover the advantages of barter, as service providers find that bartering their services can bring them real value for the time they were not otherwise able to sell, BarterQuest has become the favored destination to make your trade. Now that we are all looking for that something for someone else, why not join our community of online traders, post your items, and find what you are looking for the better way.”

About BarterQuest

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

BarterQuest Netflix Subscription Giveaway

Arthur — Mon, 25 Oct 2010 20:04:05 +0000

BarterQuest will give away six month Netflix subscription in sweepstakes

NEW YORK, October 25th, 2010 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has initiated a sweepstakes for a Netflix subscription. The giveaway is open to anyone who enters between October 22nd and November 26th, 2010. Winners will be chosen at random from eligible entries.

To win a six month subscription to Netflix (entitling you to take out one DVD at a time, with unlimited exchanges, and/or to watch films on your PC, Mac, or TV), post on BarterQuest at least one item you HAVE to trade and at least one item you WANT http://www.barterquest.com/post. Contest rules can be found on http://www.barterquest.com/home/article/giveaway-rules-netflix.
“This giveaway is intended to reward our current users and encourage others to come to BarterQuest to save money, be green, and have fun,” stated Dr. Paul Bocheck, President of BarterQuest. “Interest in BarterQuest is experiencing high double digit growth, measured both by the number of page views and registered users. Mothers, students, travelers, service providers…diverse groups are discovering the advantages of barter. As the large and established market for barter migrates to the Internet, our site continues to stand alone in providing a full solution to the problems of finding, negotiating and completing trades.”

About BarterQuest

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