To: KevinMark who wrote (42865 ) 12/10/1999 11:08:00 AM From: CrayUSA Respond to of 108040
UBTR--OTC BB. FMKT coattails... Press release from Oct. 22. May get some attention. Ubarter.com Deploys Internet's First B2B Barter E-commerce Site; Positive Response to Site Confirms Viability of Barter As a New E-commerce Application SEATTLE, Oct 22, 1999 (BUSINESS WIRE) -- Ubarter.com (OTCBB:UBTR), a business-to-business e-commerce company, today announced the completion of its beta phase test and the deployment of the Internet's first, on-line business-to-business barter e-commerce site, www.ubarter.com. "We are proud to announce that the beta phase of www.ubarter.com was a success," stated Steven White, president and CEO of Ubarter.com. "This represents a significant milestone for us, as well as for the entire Internet industry, as we are the first company to create and market the newest concept to the online e-volution, business-to-business barter. In addition, the media and investment community have begun to grasp and validate the concept of barter as a logical next-step in e-commerce." Mr. White continued, "Since the September 14th beta launch, we are very encouraged by the positive feedback we have received from our existing and new members. Most significantly, members highlighted the 24/7 access, the ease of use, the ability to post items at will, the availability of information and having access to thousands of products and services as the most attractive features of our site." The Company will continue to enhance the functionality of the site based on feedback or suggestions from its members regarding the site's accessibility, use and product and service offerings. Mr. White concluded, "We have secured a leading Internet position with www.ubarter.com, becoming the first, official on-line business-to-business e-commerce barter company. The number of daily hits to our site has grown and we have retained more members in the last month than any other time in our history. We expect this momentum to continue as we plan to further enhance the site to accommodate our members, increase transaction volume and grow our member base." About Ubarter.com Ubarter.com is a business-to-business e-commerce company utilizing the Ubarter Dollar(TM) as payment for products and services. Ubarter.com's 55 employees manage transactions where retail, professional, media and other corporate businesses seek to maximize efficiencies by accepting Ubarter Dollars(TM) for excess inventory, surplus production or services on a multilateral basis for other needed goods and services. Ubarter.com's purpose is to increase business sales and maximize cash flow for its members, by facilitating trade among businesses in an efficient, easy-to-use and cost-effective way. This press release contains forward-looking statements that may include statements regarding intent, belief or current expectations of the company and its management. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that may cause the company's actual results to differ materially from the results discussed in these statements. Factors that might cause such differences include, but are not limited to the development, launch and acceptance of our e-commerce site, our ability to access capital and other resources, and other risks and uncertainties detailed from time to time in the company's filings with the Securities and Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Ubarter.com Robert Benson, 206/870-9290 robertb@ubarter.com or The MWW Group Robert Ferris or Marjorie Kaschak, 212/704-9727 rferris@mww.com mkaschak@mww.com WEB PAGE: businesswire.com GEOGRAPHY: WASHINGTON INDUSTRY CODE: E-COMMERCE INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.