Barter Business Exchange, Now Ubarter.com Ranked 51st in 1999 Profit 100.TORONTO--(BUSINESS WIRE)--May 27, 1999-- -- Canada's largest barter exchange barter exchange barter n → Tauschbörse f now part of U.S. based Ubarter.com is the first barter company to make the Profit 100 and has been ranked for a second consecutive year -- Barter Business Exchange, Inc. (BBE BBE n abbr (US) (= Benevolent and Protective Order of Elks) → organizzazione filantropica ), now Ubarter.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:UBTR), Canada's largest barter company has earned a ranking of 51st in the 1999 Profit 100: The Magazine for Canadian Entrepreneurs, annual list of Canada's fastest growing companies. Profit 100 recognizes entrepreneurs whose businesses have achieved outstanding sales growth in the five years from 1993 through 1998, a period in which BBE grew by more than 1,681 percent. "We are very excited that our Canadian subsidiary has been ranked in the Profit 100 for the second consecutive year," said Bob Bagga founder of BBE & COO of Ubarter.com. "This ranking is yet another tribute to our success in helping businesses realize the tremendous benefits of barter." Steven White Steven White (born June 15, 1981 in League City, Texas) is a right-handed pitcher in the New York Yankees Minor League system, currently pitching for the Scranton/Wilkes-Barre Yankees. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ubarter.com states, "Our soon-to-be launched e-commerce site, Ubarter.com, will make it even easier for companies to save money and maximize corporate resources." The increased popularity of barter as an effective business tool has resulted in a $7.5 billion per year industry across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Established in 1992, Ubarter.com's Canadian subsidiary trades more than $30 million (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) annually in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. between their 3000 plus members nationwide. Ubarter.com's client's range from hotel chains to restaurants, printers, media outlets and numerous professional business services. Ubarter.com's Canadian offices are located in Toronto, Vancouver and Windsor. In March of 1999 Ubarter.com, based in Seattle, Washington acquired BBE. As part of a transition to an Internet-based e-commerce model, the two companies have now merged and represent one of the largest barter exchange companies in North America. About Ubarter.com Ubarter.com is a business-to-business e-commerce site utilizing the Ubarter Dollar(TM) as payment for goods and services. Ubarter.com manages transactions where retail, professional, corporate and media 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, by facilitating trade among businesses in an efficient, easy-to-use and cost effective way. Ubarter.com has 51 employees, including 17 trade brokers and 8 salespeople, and is the most technologically advanced online, e-commerce barter site. |
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