BIZN (www.eBIZnet.com), news......
ebiznet.com
Thursday July 22, 8:30 am Eastern Time
Company Press Release
www.eBIZnet.com, Inc. Begins Test Marketing for Global Online Exchange, the Online Barter Community
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--July 22, 1999--Global Online Exchange, Inc. (GOE) (www.goe-inc.com), founded in March 1999, is an online trade and exchange portal currently in development, where barter organizations, corporate trade exchanges, businesses and individuals will be able to conduct barter transactions in real time online.
GOE is owned by www.eBIZnet.com, Inc., (OTC BB:BIZN) a public Internet holding company.
GOE's future revenues will be derived by providing access, information, transaction exchanges and escrow services. Utilizing GOE's unique portal design a trader will benefit from reduced transaction fees, increased information and remote access to the entire trade community.
GOE will be an intranet and portal joining together a community of traders. This community trades over 9 billion dollars a year in goods and services, as reported by the International Reciprocal Trade Association (IRTA). GOE will be a complete personalized portal for traders, who will be able to trade products and services on the GOE website as well as check and send email, participate in chat forums with other traders, and have access to up-to-date news and regional information. In this way GOE plans to popularize the trade exchange method of transaction in the global eCommerce environment.
eBIZnet's recent acquisitions of ICRE and Barter Accounting Software produces the platform for Global Online Exchange.
In March of this year GOE acquired the assets of International Credit Reserve Exchange, Ltd. (ICRE), an 18 year old trade exchange company, with over three hundred active members generating over two million dollars annually. ''We are using the membership base of our subsidiary ICRE as a beta testing ground for the Global Online Exchange community for the sole purpose of testing market response,'' says www.eBIZnet.com, Inc. CFO Willis Hale. According to Garland E. Harris, www.eBIZnet.com, Inc. CEO ''ICRE is one of 550 similar trade organizations. Initial test market results indicate that as many as 30% of traders within these trade organizations will sign up to use GOE's online services.'' Complete test marketing will be concluded prior to site launch.
GOE's additional acquisition of the assets of Barter Accounting Software of Kansas City, Missouri will provide the engine to power the Global Online Exchange website. Barter Accounting Software is on numerous desktops in the U.S. and is one of widest used barter accouting software programs in the industry.
GOE is poised to exploit the relatively untapped industry of online barter by providing global business-to-business trading, person-to-person barter, and barter auction facilities on the web. GOE is held by www.eBIZnet.com, Inc., and is able to leverage eBIZnet's five main subsidiaries to quickly develop, host, market, advertise, and populate the Global Online Exchange community on the Internet.
This is not intended as an offer to either purchase or to sell securities of the company. Any forward looking statements contained herein are based upon information and belief but no assurances are made or intended.
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Contact:
www.eBIZnet.com, Inc., Deerfield Beach
Garland E. Harris, President, CEO, 954/726-0304
admin@ebiznet.com
or
Johanna Talifero, Director of Public Relations
250/715-0133
johanna@ebiznet.com
or
Willis Hale, CFO, 954/214-5420
willis@ebiznet.com
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