LassoBucks.com Builds Stellar Advisory Board for Its Internet-Based Alternate Currency; Small Businesses Across America Discover New Capital Source.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 27, 1999 Four major players from diverse industries have joined together to form the advisory board of LassoBucks.com. President Clinton appointee APPOINTEE. A person who is appointed or selected for a particular purpose; as the appointee under a power, is the person who is to receive the benefit of the trust or power. to his Welfare to Work Initiative at the Small Business Administration, Betsy Myers; the former Small Business Marketing Manager for Microsoft, Vivian Scott; Pulitzer Prize Pulitzer Prize Any of a series of annual prizes awarded by Columbia University for outstanding public service and achievement in American journalism, letters, and music. Fellowships are also awarded. winning journalist Vicki Torres; and, Emerick Woods, the 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 Vicinity, a leading provider of Internet-based marketing. Acclaimed experts in their respective disciplines, Torres, Woods, Scott and Myers see LassoBucks.com's new "next-generation barter" system as a tremendous catalyst for entrepreneurial and business success. Funded by Tim Draper's Zone Ventures, LassoBucks.com is geared to businesses wanting to conserve cash, reduce excess inventory or capacity and increase market share by helping entrepreneurs save cash -- the lifeblood for any business -- and still obtain the 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. they want or need. Utilizing the power of the Internet, LassoBucks.com offers a way for businesses to grow and conserve cash at the same time. Said Timothy Fong, CEO of LassoBucks.com, "Traditionally, bartering has served small businesses well, from start-ups to established ones. Doing it online expands the reach, and we simplify the process." "The number one impediment to small business owners is consistent cash flow," explained Myers. "LassoBucks will fill the gap where traditional banking solutions have failed." "As a former small business reporter, I've seen start-up entrepreneurs and even existing business owners with great ideas blocked from putting them into operation for lack of capital," said Torres. "LassoBucks.com can solve that problem for them and jump start them on their way to success." Added Scott, "Without LassoBucks.com, you are limited by your customer base and your cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. . LassoBucks.com removes both limitations in one fell swoop." In the past month alone, LassoBucks.com more than doubled its membership base. About Betsy Myers Betsy Myers was responsible for implementing President Clinton's Welfare to Work Initiative at the Small Business Administration. She served as Director of the Office of Women's Business Ownership at the Small Business Administration. She also served as Deputy Assistant to the President and Director of the White House Office of Women's Initiatives and Outreach. Currently, Myers is completing a fellowship at Harvard's Kennedy School of Government. About Vivian Scott Vivian Scott was the former small business Marketing Manager for Microsoft where she oversaw Microsoft's relationships with small business organizations and agencies including the SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government , ASBDC ASBDC Association of Small Business Development Centers ASBDC Arkansas Small Business Development Center ASBDC Alabama Small Business Development Consortium , NFIB NFIB National Federation of Independent Business NFIB National Foreign Intelligence Board , and NSBU NSBU National Small Business United NSBU neutral start back up (Allison transmission control module) . She chaired a Technology Partnership Board meant to identify and supply technology information and resources to small businesses. She also executive produced a six-part television series on how technology assists small business success. About Vicki Torres Vicki Torres is an award-winning, former journalist who spent the last five years significantly expanding the Los Angeles Times' outreach to small business and is now a private consultant working in the same field. During her decade at the Times, she wrote "At Issue," a column examining legal, economic and legislative concerns affecting small businesses. She co-authored "Entrepreneurship 101," a series on starting and growing a business that is posted on the Times' Web site at www.latimes.com/smallbiz. She also helped design and run the Times' two-day, Small Business Strategies Conference in 1998 and 1999, attended by more than 4,000 small-business owners. About Emerick Woods Emerick Woods is CEO of Vicinity Corp., a leading provider of Internet-based marketing infrastructure services. Vicinity's services are currently utilized by more than 250 companies in a number of industry segments and include Barnes & Noble, Marriott, McDonalds, Mercedes and Nike. Previously, he served as president and CEO of TuneUp.com Inc., a venture-backed start-up company start-up company A new business. , until its acquisition in July 1997 by Quarterdeck (Quarterdeck Corporation, Marina del Rey, CA) A pioneering software company, founded in 1983, that offered a variety of utilities, diagnostics, connectivity and Internet products for the PC and Macintosh. Corp. Woods holds a bachelor's degree in computer science from Yale University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard University. About LassoBucks.com LassoBucks.com is a Los Angeles-based company with an end-to-end e-commerce solution which allows businesses to spend and earn LassoBucks, rather than cash, as a way of facilitating multi-party barter. `Lasso' comes from the Greek word antallasso, which means barter; it is also an acronym for Leveraged Asset Optimization (LASSO), the business process encapsulated by the company. For more information, or to get involved, log on to http://www.LassoBucks.com. |
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