Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (665)	3/1/1999 10:08:00 AM
From: Craig K	Read Replies (2) \| Respond to of 13776

Wrong, I listen too... Wayne, Remember AAGGQ....looking good... CULE sucking... craig

To: LANCE B who wrote (665)	3/1/1999 10:08:00 AM
From: Kimberly Lee	Respond to of 13776

lance, thanks. You and Wayne are awesome Just bought LOFT, IPO today for photoloft.com, very impressive site, numerous contracts with HWP already

To: LANCE B who wrote (665)	3/1/1999 10:11:00 AM
From: Jim Spitz	Read Replies (1) \| Respond to of 13776

Wazzup with AAFGQ? 10 cents and rising? Don't get me wrong, while many of you loaded up at 0.35 and slightly above, I'm holding from last year at 0.47. I'm loving it! Was last week's news that good? Are they finally coming out of CH11 with both feet on the ground? jimS

To: LANCE B who wrote (665)	3/1/1999 11:55:00 AM
From: Kimberly Lee	Respond to of 13776

buying IBCX, on news of acquiring BBE, Canada's largest barter retail trade exchange, also one of Canada's top 100 fastest growing companies. IBCX's float is only 1.6M and is also a fully reporting company. International Barter Corp. Acquires Barter [.14307] Business Exchange, One of Canada's Fastest Growing Companies Business Editors SEATTLE--(BUSINESS WIRE)--March 1, 1999--International Barter Corp. (OTC BB:IBCX) announced today that it has agreed to acquire Barter Business Exchange, Inc. (BBE), a privately held company based in Toronto, Ontario, in a cash and stock deal, the terms of which have yet to be disclosed. BBE is the largest retail trade exchange in Canada and was recently rated one of the 100 fastest growing companies in Canada by Profit Magazine. With offices in Toronto, Windsor and Vancouver, BBE has over 3,500 clients and handles over $40 million of transactions annually. Steven White, President and CEO of IBC states, "We are all very excited about having BBE join the IBC and Ubarter.com team. BBE is four times our size in both number of clients and revenue and is a major player in the barter industry. They have a terrific operation directed by a very talented and experienced staff. The combination of IBC and BBE will create a very strong foundation from which we will re-launch Ubarter.com." As a part of the agreement, Bob Bagga, CEO of BBE will become Chief Operating Officer of the parent company, IBC. Bagga states, "IBC and BBE bring together complimentary strengths. Combining IBC's financial know-how and online vision with BBE's operational and marketing skills will certainly result in the premier online and offline trade exchange in North America. This merger will be very beneficial to our clients, employees and shareholders." Liad Meidar, Vice President of Strategic Development at IBC adds, "This acquisition falls perfectly in line with our three pronged business strategy, which is consolidating the barter industry, creating vast marketing alliances and developing the most technologically advanced online barter system in the world." Together, IBC and BBE have over 4,500 clients, handle over $50 million in transaction volume and generate over $3 million in revenue per year. Pro forma for the acquisition, IBC will have 46 employees, including 17 trade brokers and 14 salespeople, and five offices across the U.S. and Canada. IBC and BBE will operate under separate names for several months until the operations are fully merged. The transaction is expected to close in the next two days. About International Barter Corp. and Ubarter.com IBC manages barter transactions in which retail, professional, corporate and media businesses trade excess inventory, surplus production or services on a multilateral basis for other needed goods and services. By bartering, IBC clients are able to create incremental sales, reduce excess inventory and preserve cash flow. A wholly owned division of IBC, Ubarter is the first on-line, e-commerce barter site and is located at www.ubarter.com. First launched in July 1998, Ubarter is currently being re-developed and is expected to be re-launched in the near future. Statements in this press release, and elsewhere, that look forward in time or include anything other than historical information reflect current expectations and intentions, and involve risks and uncertainties that may affect the Company's actual results of operation. Those risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. To order an investor package, please call 1-800-292-7812. --30--AMP/se* CONTACT: International Barter Corp. Investor Relations: Rob Benson, 206/870-9290 KEYWORD: WASHINGTON INDUSTRY KEYWORD: MERGERS/ACQ MANAGEMENT CHANGES COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET RETAIL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Mar-01-1999 03:14 GMT Symbols: US;IBCX Source BW Business Wire