Contract by BarterTrust(TM).com to Develop the World's Largest Business to Business, B2B, Barter e-Xchange
VANCOUVER, Oct. 5 /CNW/ - Burntsand (TSE:BRT) is pleased to announce the
award of a significant contract by BarterTrust(TM).com of San Francisco to
develop the world's largest and most sophisticated Business-to-Business (B2B),
electronic barter exchange.
Burntsand has developed considerable experience with the strategy and
implementation of B2B electronic exchanges. Prior implementations have ranged
from an international heavy equipment auction exchange to commodity exchanges
for energy products (petroleum, natural gas & electricity) that will trade in
excess of $14 Billion US this year. Many analysts, such as Esther Dyson, deem
B2B barter to be the next sector of tremendous importance to emerge in the e-
Commerce arena. The approach taken by BarterTrust.com creates an incredibly
innovative barter business model that will ensure it the dominant position
within the industry.
``This has been a tremendously rewarding engagement for Burntsand,'
stated Jim Yeates, Burntsand's Chairman and CEO. ``Burntsand has worked with
BarterTrust.com from the beginning concept and strategy behind this new
e-Business, through design and implementation. We have had the privilege of
working with a team from BarterTrust.com that is simply the best in their
industry. The result of this endeavor will establish the global standard for
electronic barter exchanges well into the next century. That's exciting!'
``Burntsand has been an invaluable partner in helping us realize our goal
of fulfilling the world-wide potential for business-to-business non-cash
transactions,' stated Mike Edelhart, BarterTrust.com Chairman and CEO.
``BarterTrust.com is creating a new and better way of doing things, creating
new business opportunities and competitive advantages for the customer. The
trading system is built to handle billions of dollars of transactions with the
speed, accuracy, security, and trace-ability of a major financial institution.
Burntsand has been integral to our success to date and has responded to the
pressures of working at Internet speed with quality and professionalism.'
About BarterTrust.com
BarterTrust.com is delivering the first effective, worldwide, secure,
business-to-business electronic barter trade network for companies and trade
exchanges. Leveraging the power of the Internet and working closely with both
leading existing trade exchanges and major international corporations,
BarterTrust.com represents the future of non-cash e-commerce: a true
electronic currency. The Company is headquartered in San Francisco, CA and
funded by El Dorado Ventures, Draper-Richards, Vector Capital, and a number of
individual investors. For more information visit the corporate website at
www.bartertrust.com. BarterTrust and Inbar are trademarks of Inbar, Inc.
About Burntsand
Business to the power of e(TM) ... the future of Business ... the
Burntsand reality.
Burntsand is an e-Business Solutions Integrator, focusing on the Business
to Business, B2B, environment. Six Canadian and one US location, coupled with
enviable growth, have made Burntsand a success story. At Burntsand, our
success is derived solely from successful clients, and our ability to make
major e-Business Solutions impact in the areas of e-Commerce, e-Customer
Relationship Management, and e-Business Intelligence. Burntsand's e-Services
encompass the strategy, technical, and creative aspects of e-Business
solutions, with time to market measured in weeks, not years! Our solutions
deliver competitive advantage, and are based on the Burntsand e-Cosystem(TM)
Foundation, that fuses Burntsand's corporate alliances, knowledge base, proven
methodologies, and world class craftsmanship into a powerful e-Business
Solutions integration asset. To learn more about Burntsand, visit us on the
Toronto Stock Exchange, TSE-BRT, or at www.burntsand.com.
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For further information: Jim Yeates, Chairman and CEO, (604) 608-6407,
jyeates@burntsand.com |
