Press Releases

July 9, 2008

BarterQuest Launches First Web Site to Instantly Match Haves and Wants of Trading Partners

New York, NY – July 9, 2008 – BarterQuest launched on an invitation only basis on Wednesday, July 9th. BarterQuest is the first trading site to instantly match the haves and wants of its users for two party and multi-party trades. Users who are invited to use the site during this period of restricted access will not be charged for trades. Moreover, users who complete at least one trade during this period will be able to trade for free for one full year following the site’s public launch, regardless of the number of their trades. Individuals who wish to receive an invitation to trade are asked to visit www.barterquest.com.

Paul Bocheck, the President, stated that “users of BarterQuest are able to quickly identify attractive two party and multi-party trading alternatives by using either a keyword search or our proprietary matching engine. This feature acts as a compass for individuals attempting to navigate a marketplace that can and, we believe, will comprise millions of items. Without the need for cash, parents can trade for cribs or cradles, toys, and children’s clothing, students can trade for books or textbooks, CDs or DVDs, and video games, and yet others can trade for collectibles or crafts. Moreover, as a platform for recycling, our site is a natural extension of the green revolution. We hope that people will join the BarterQuest community and be green, save money, and have fun doing it.”       

BarterQuest.com is owned by JPM Global, Inc., a Delaware corporation. BarterQuest.com is an interactive Web site for the cashless exchange of all types of goods, services, and the use of real estate between individual consumers. The public launch of the Web site is expected in the fall.

Except for historical information contained herein, this news release may contain forward looking statements that are subject to risks and uncertainties.

Contact:
Bianca Han, Executive Vice President
JPM Global, Inc.
231 West 29th Street
Suite 906
New York, NY 10001