BarterTrust.com CEO Says the Internet Permits Economically Sound, Cashless B-2-B Barter in the U.S.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 17, 1999-- Inbar, Inc. President and Chief Executive Officer Mike Edelhart will describe how the Internet makes possible economically sound, cashless business-to-business barter for the first time in the history of American trade American Trade, the trade that the United States has with foreign nations or within itself. The Government actively promotes exports and seeks to prevent foreign countries from maintaining trade barriers that restrict imports. today at the Net Market Makers Conference in Berkeley, California Berkeley is a city on the east shore of San Francisco Bay in Northern California, in the United States. Its neighbors to the south are the cities of Oakland and Emeryville. To the north is the city of Albany and the unincorporated community of Kensington. . "Thousands of U.S. companies currently use cashless barter to acquire valuable 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. while preserving cash," Edelhart said. "The Internet enables companies of all sizes to exchange goods and services at full economic value within a safe, financially-backed network. I expect the Internet will revolutionize the business-to-business barter industry as much as the personal computer has transformed American business." Edelhart is president and chief executive officer of BarterTrust.com, the first nationwide barter network in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with nearly 8,000 member trading companies, 12 regional offices across the country and 1999 revenues of $10 million. About Inbar, Inc. Inbar, Inc. maintains BarterTrust(TM).com, a worldwide business-to-business electronic barter trade network for companies and trade exchanges. Leveraging the power of the Internet, BarterTrust.com and its member trading companies partner with leading trade exchanges and international corporations to facilitate the barter of products and services at fair trade value based on a non-cash electronic currency. The Company is privately held and headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . In 1999, the Company received venture funding from several investment firms including Argus Capital, Draper Richards, El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Ventures and Vector Capital as well as individual investors. More information about the Company, the BarterTrust.com network and how to join the BarterTrust.com barter trade network can be found on our Web site at www.bartertrust.com. The names BarterTrust and Inbar are trademarks of Inbar, Inc. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion