Archive for Press Releases

BarterQuest Will Give Away $50 Amazon Gift Certificate

September, 8th 2010

BarterQuest will giveaway $50 gift certificate for Amazon in sweepstakes

NEW YORK, September 8, 2010 – BarterQuest (http://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 $50 Amazon gift certificate. The giveaway is open to anyone who enters between September 1, 2010 and October 10, 2010.

You can enter in three ways. You can retweet the following message on TWITTER: “RT @barterquest Win a free Amazon Certificate on #Barterquest #free http://tinyurl.com/29n44jp” You can become a fan of BarterQuest on FACEBOOK using this link: http://www.facebook.com/BarterQuest, and post on our wall what you like about BarterQuest or bartering in general. Or you can register on BarterQuest and invite your friends simply by using this link: http://www.barterquest.com/summary/invite_other_networks. By tweeting on TWITTER and posting on FACEBOOK and inviting your friends, you will increase your chances to win. Also, the more often you tweet or post on FACEBOOK, the more chance you will have of winning. You do not have to be a user of BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/free-amazon-gift-certificate

“This giveaway is intended to thank our users and attract others to BarterQuest,” stated Bianca Han, EVP of BarterQuest. “The BarterQuest community is experiencing strong double digit growth as more and more people find barter to be a better way to get what they want. And our site alone provides a full solution to the problems of finding, negotiating and completing your trades, making trading easier. We hope this promotion will encourage people to use BarterQuest to save money, be green, and have fun.”

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

BarterQuest Will Giveaway iPod

BarterQuest Will Giveaway iPod

BarterQuest Administrator May 26

NEW YORK, May 25, 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 Apple iPod nano, 5th generation. The giveaway is open to anyone who enters between May 25th and June 24th.

You can enter in three ways. You can retweet the following message on TWITTER: “Win a free iPod on #Barterquest http://tinyurl.com/2dqolms” You can become a fan of BarterQuest on FACEBOOK and post on our wall what you like about BarterQuest or bartering in general. Or you can register on BarterQuest and invite your friends simply by using this link: https://www.barterquest.com/summary/invite_other_networks. By tweeting on TWITTER and posting on FACEBOOK and inviting your friends, you will increase your chances to win. Also, the more often you tweet or post on FACEBOOK, the more chance you will have of winning. You do not have to be a user of BarterQuest to enter. Contest rules can be found on http://www.barterquest.com/home/article/free-apple-ipod.

“This giveaway is intended to thank our current users and encourage others to come to BarterQuest to trade for the things they want,” stated Michael Satz, CEO of BarterQuest. “The BarterQuest community is growing rapidly, by 32% from year end 2009. Page views have increased by 61%. The large and established market for barter is finding its way to the Internet, and in particular to our site, which alone provides a full solution to the problems of finding, negotiating and completing your trades. We hope this promotion will lead more people to use BarterQuest to save money, be green, and have fun.”

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

BarterQuest Forms Advisory Committee

March 2nd, 2010

Trading site forms Advisory Committee of industry experts

NEW YORK, March 02, 2010 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has formed an Advisory Committee to provide expertise and guidance to senior management. The areas in which the Committee will compliment senior management include B2B e-barter, marketing, and business development. The members of the Committee are the following:

Ray Bastarache is a pioneer in B2B e-barter. He founded Barter Network in 1985, which was a clearinghouse for businesses that traded the goods and services which they produced for the goods and services they needed. The company was one of the largest and most successful trading networks in the United States. After its sale, he remained active in the e-barter industry in various capacities. Mr. Bastarache has served as Treasurer, Vice President, and President of the International Reciprocal Trade Association (IRTA). He received two Distinguished Service Awards from the Association and its first Mentorship Award. In 2009, the barter industry awarded him the “Legends of Barter” Award.

Harjiv Singh is the co-founder and Co-CEO of Gutenberg Communications, a global strategic communications firm. A serial entrepreneur, he has more than 15 years experience in the communications, technology and financial services industries. Mr. Singh frequently speaks and writes on a range of public relations issues, including the impact of globalization. In 2007, he was recognized as one of the leading PR professionals in the Asia Pacific region.

Dr. Sheldon Weinig founded Materials Research Corporation, a multinational semiconductor company listed on the American Stock Exchange that was thereafter acquired by Sony. In 1996, he retired as Vice Chairman of Engineering and Manufacturing of Sony America. He is currently an Adjunct Professor at Columbia University and SUNY at Stony Brook. Dr. Weinig was inducted into the National Academy of Engineering in 1984 and in 1988 was awarded the rank of Chevalier dans l’Ordre National de la Legion d’Honneur by the French government.

“We are excited about the value that the Advisory Committee can bring to the future development of BarterQuest,” stated Paul Bocheck, President. “We are gratified that people of the caliber of Ray, Harjiv, and Shelly have been willing to lend their experience and insight to our company. Not only should this make BarterQuest a more successful business, but it should help us better serve our users.”

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.

BarterQuest, the Online Bartering Website, Is Out of Beta

January 16th, 2010

Barter site comes out of beta with a new design and unique features as visitor traffic increases thirty percent.

NEW YORK, January 16, 2010 – BarterQuest ( http://www.barterquest.com ), the leading online consumer and small business trading platform, today announced that it has come out of beta with the introduction of a new site design and enhanced features. The new features include account verification and points, a non-cash exchange currency. BarterQuest now has a unique combination of features to support online trading.

With more than 50,000 monthly visitors, BarterQuest attracts a continuously increasing number of visitors each month from USA, Great Britain, Australia and other parts of the world. There are 2,500 active trades on the site at any point in time.

To create a superior user experience, BarterQuest has enhanced the site to provide:

• Increased site security. BarterQuest encourages each user to verify their account. Users verify by successfully processing a one time nominal payment through their credit card or PayPal account. This is intended to better assure that your trading partners are who they say they are.

• Greater flexibility in completing trades. Points (one point = $1.00) can be used to equalize the value of trades or offered alone to acquire items on the site. Points are intended to provide users with greater flexibility in finding and completing trades in those cases in which both parties want what the other has, but there is a significant difference in the value of the items. Points become the equalizer. You can now trade four concert tickets plus 100 points for an iPod.

• More user friendly. The site was redesigned to be more uncluttered, intuitive and informative. There is more guidance offered on how to use the site. There is easier access to search options that allow users to tailor their searches geographically or by delivery alternatives. Importantly, the platform now facilitates the use of counter offers (in response to the offers you receive) as a way of negotiating trades.

“With the site out of beta and our re-launch with new features, BarterQuest is now the complete package,” stated Dr. Paul Bocheck, the President of BarterQuest. “We want to do everything possible to ensure a positive user experience. As a security feature, account verification is a significant step in that direction. We believe that account verification will be increasingly demanded in the Internet-based consumer market, and this is another opportunity for BarterQuest to lead the way in e-barter.

BarterQuest strives to provide its users with a superior online experience while increasing their trading opportunities. Although barter inherently involves the fair exchange of one item for another, there are cases involving a difference in the value of the items. When the difference cannot be bridged with additional items, points can solve the problem.”

About BarterQuest

BarterQuest is the online consumer and small business trading platform for the cashless exchange of all types of goods, services, and real estate (temporary use or permanent exchange). BarterQuest uses proprietary technology (patents filed) to instantly match 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 http://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

BarterQuest, the Online Bartering Website, Is Out of Beta

January 16th, 2010

Barter site comes out of beta with a new design and unique features as visitor traffic increases thirty percent.

NEW YORK, January 16, 2010 – BarterQuest ( http://www.barterquest.com ), the leading online consumer and small business trading platform, today announced that it has come out of beta with the introduction of a new site design and enhanced features. The new features include account verification and points, a non-cash exchange currency. BarterQuest now has a unique combination of features to support online trading.

With more than 50,000 monthly visitors, BarterQuest attracts a continuously increasing number of visitors each month from USA, Great Britain, Australia and other parts of the world. There are 2,500 active trades on the site at any point in time.

To create a superior user experience, BarterQuest has enhanced the site to provide:

• Increased site security. BarterQuest encourages each user to verify their account. Users verify by successfully processing a one time nominal payment through their credit card or PayPal account. This is intended to better assure that your trading partners are who they say they are.

• Greater flexibility in completing trades. Points (one point = $1.00) can be used to equalize the value of trades or offered alone to acquire items on the site. Points are intended to provide users with greater flexibility in finding and completing trades in those cases in which both parties want what the other has, but there is a significant difference in the value of the items. Points become the equalizer. You can now trade four concert tickets plus 100 points for an iPod.

• More user friendly. The site was redesigned to be more uncluttered, intuitive and informative. There is more guidance offered on how to use the site. There is easier access to search options that allow users to tailor their searches geographically or by delivery alternatives. Importantly, the platform now facilitates the use of counter offers (in response to the offers you receive) as a way of negotiating trades.

“With the site out of beta and our re-launch with new features, BarterQuest is now the complete package,” stated Dr. Paul Bocheck, the President of BarterQuest. “We want to do everything possible to ensure a positive user experience. As a security feature, account verification is a significant step in that direction. We believe that account verification will be increasingly demanded in the Internet-based consumer market, and this is another opportunity for BarterQuest to lead the way in e-barter.

BarterQuest strives to provide its users with a superior online experience while increasing their trading opportunities. Although barter inherently involves the fair exchange of one item for another, there are cases involving a difference in the value of the items. When the difference cannot be bridged with additional items, points can solve the problem.”

About BarterQuest

BarterQuest is the online consumer and small business trading platform for the cashless exchange of all types of goods, services, and real estate (temporary use or permanent exchange). BarterQuest uses proprietary technology (patents filed) to instantly match 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 http://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

BarterQuest Introduces Points

December 29th, 2009

Barter site introduces a unique way to equalize the value of trades

NEW YORK, December 29, 2009 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and the use of real estate, today announced that it has introduced points, a non-cash exchange currency that can be used to equalize the value of trades or offered alone to acquire items on the site. Points are intended provide users with greater flexibility in finding and completing fair trades in cases in which both parties want what the other has, but there is a significant difference in the value of the items. Points become the equalizer.

Users will be able to purchase points at any time (one point equals one dollar) and redeem them for cash. Users will also be able to accumulate points through their trading activity when and as they receive points for their items. There is no charge for the purchase of points. There will be, however, a small service charge for the transfer or redemption of points. BarterQuest has partnered with PayPal to develop tailored applications of its newest Adaptive Payments APIs to provide users with easy and safe payment options.

A secure payment feature will escrow points for a period of time after their transfer, during which they will be unavailable for use in another trade and cannot be redeemed. If the sender of the points disputes the trade within this period, the points will be held pending the resolution of the dispute.

“Our site is committed to facilitate trading by our users,” stated Michael Satz, CEO of BarterQuest. “To do this, we want to develop features that reflect not only what they may want, but what they may need to complete a trade. While barter inherently involves the exchange of one item for another, there are cases in which potential trading partners may each want what the other has, but the value of the items is unequal. When the difference cannot be bridged with additional items, points can solve the problem. The introduction of points opens up the trading possibilities for our users.”

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.

BarterQuest Introduces Verification

December 22nd, 2009

First barter site to require verification for user security

NEW YORK, December 22, 2009 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and the use of real estate, today announced that all users will be required to verify their accounts in order to actively trade on the site. While you will be able to browse the site, search for items, and post items you have to trade, you will not be able to initiate or respond to trade offers until you are verified. Users who are already registered have until March 1, 2010 to verify, and will be able to continue to trade in the same manner as before.

Verification is intended to provide users with greater security when they trade. By verifying potential trading partners, this feature is will increase the confidence of users that they are trading with legitimate counterparties and that they will get what they bargained for. There is a one time verification fee of $1.99, the payment of which will be used in the account verification process.

“Trust can be earned and, over time, the reliable trader on our site will be rewarded with a superior user’s rating,” stated Bianca Han, Executive Vice President of BarterQuest. “Nevertheless, anything that can add to the trading comfort of our users and make it more difficult for the ‘bad guys’ is something that we should provide. We believe that verification will be increasingly demanded in the Internet-based consumer market, and this is another opportunity for BarterQuest to lead the way in e-barter.”

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.

BarterQuest Creates “Green” Features

November 12th, 2009

BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and the use of real estate, today announced that it has incorporated various features that respond to and support the “green” movement. Specifically, the site has created “Environmental” as a major category to group services that relate to the environment and incorporates a number of other services that are eco-friendly under other categories, such as car pooling under “Transportation.”

BarterQuest will introduce additional features that can provide guidance to those who want to trade green, for example, the ability to describe an item available for trade as eco-friendly and tags that will readily identify these items as eco-friendly. The site is seeking input from its users for ways BarterQuest can further support environmental conservation.

“Our site is committed to serving our users as effectively as possible,” stated Michael Satz, CEO of BarterQuest. “To do this, we want to develop features that reflect what they want. While barter is inherently green, by redistributing rather than disposing of goods a barter site can be even more eco-friendly by leading its users to green solutions. We strongly encourage anyone who visits our site to suggest features that can further green our site and make BarterQuest a real force for environmental responsibility.”

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

BarterQuest to Exhibit at PayPal’s Innovate 2009 as Silver Sponsor

October 27th, 2009

BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it will be a Silver Sponsor at Innovate X 2009, PayPal’s first dedicated developer conference. The conference is taking place from November 3rd to November 4th in San Francisco. BarterQuest will be exhibiting its innovative platform for barter in connection with PayPal’s new Adaptive Payments APIs.

Attending the conference will not only be web developers, but also software engineers, venture capitalists, financial institutions, creators of social and mobile applications, and disruptive innovators (we believe that BarterQuest belongs in this group to the extent that its website, as supported by its proprietary technology, has the potential to fundamentally change the way people do business).

“BarterQuest remains a free site, but in the longer term we may introduce various user fees or charges,” stated Dr. Paul Bocheck, President of BarterQuest. “Working with PayPal on its open platform will enable us to provide our users with the easiest and most secure solutions for payment. We are looking forward to attending Innovate X 2009, which will be a special opportunity for us to showcase our cutting edge barter platform and its use of PayPal’s APIs.”

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

BarterQuest Introduces Trading Clubs

July 8th, 2009

BarterQuest (www.barterquest.com), a website that supports the cashless exchange of goods, services and real estate, today announced it has incorporated various features to allow its users to form their own trading clubs. The trading clubs will bring together friends and family or people with similar interests in social networks built around barter.

Clubs can be organized by geographic region, by types of services, by an interest in environmental conservation (green), by lifestyle, and by the types of items its users may be interested in. Clubs can be sponsored by businesses that have trading affinities. Organizations that represent special interest groups can form clubs for their memberships. Major club categories include artists and entertainers, books, collectors, gamers and hobbyists, moms and dads, music, seniors, sports and exercise, students, technology, and travelers.

Whether users organize their own clubs or join an existing one, they will be able to easily find what other members have to trade. Membership in certain clubs will be only by invitation of the club’s sponsor (for example, those organized around a user’s friends), and other clubs will be available for anyone to join. Each club will have its own dedicated forum in which members can discuss their trading experiences and related issues.

“While our platform has always provided trading alternatives that are organized by the type and location of the item, now our users will be able to easily find these trading alternatives with friends and family or people with similar interests,” said Bianca Han, Executive Vice President of BarterQuest. “Trading clubs will allow our users to find trades within a community to which they naturally belong and in which they feel comfortable.”

About BarterQuest
BarterQuest supports the cashless exchange of all types of goods, services, and real estate. 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.