Consumer Barter Site Set to Launch

International Barter Corp. in Seattle said it
is beta testing an online site for bartering products and services that will
be launched as Ubarter.com on July 20.


Steven White, president and CEO of Ubarter.com, said it is “the first site to
promote the concept of ‘barter’ for the general Internet user” and differs
from existing auction and classified sites that sell for cash only.


The 10 main categories for trade include electronics, vehicles, vacations,
timeshares & travel, home furnishings and business-related items. Users will
be able to post items they would like to make available for barter or peruse
posted listings 24 hours a day, 365 days a year.


White stated, “We are thrilled about this new venue for barter and trade. Via
the Internet, the doors have opened for consumers and businesses to reach a
market of millions of potential traders. Goods and services purchased on the
Web are predicted to grow at a rate of 1000% through the year 2001 and we want
to create a strong electronic commerce position for IBC, the parent of
Ubarter. Everyone has something to trade; Ubarter.com maximizes the
potential.”


The new barter online program was designed and hosted by Internet Business
Services in Anaheim, CA, utilizing iCat electronic commerce software to
develop the site.


IBC offers barter services to retail, professional, corporate and media
clients. Clients are assigned a personal ‘Trade Broker’ via IBC’s regional
offices that continually assists clients in buying and selling opportunities.

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