i-Escrow Acquires Trade-direct
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i-Escrow said the move "strengthens its leadership position in the emerging escrow industry and accelerates the company's brand acceptance as a trusted third party for users of auctions, classifieds, storefronts and newsgroups on the Internet."
"This fits with our aggressive expansion plans and positions i-Escrow well to capitalize on the growing demand for the safety and convenience that escrow services provide," said i-Escrow President Sherman Kwok.
i-Escrow provides transaction management and escrow services for users of Web auctions, online classifieds, online storefronts and newsgroups. Users include collectors, hobbyists and unbranded retailers.