BarterQuest Schedules Invitation Only Launch for July 9th

Business Wire, July 2, 2008

NEW YORK -- BarterQuest.com will launch on an invitation only basis at 3:00pm EDT on Wednesday, July 9th. BarterQuest will be the first trading site to instantly match the haves and wants of its users for two party and multi-party trades. Users who are invited to use the site during this period of restricted access will not be charged for trades. Moreover, any users who complete at least one trade during this period will be able to trade for free for one full year following the site's public launch, regardless of the number of their trades. Individuals who wish to receive an invitation to trade are asked to visit www.barterquest.com.

Michael Satz, the CEO, stated that "we are confident that BarterQuest will represent the new standard for trading sites. Both its design and its functionality will allow users to quickly identify attractive trading alternatives and complete their trades. Without the need for cash, parents can trade for cribs or cradles, toys, and children's clothing, students can trade for books or textbooks, CDs or DVDs, and video games, and yet others can trade for collectibles or crafts. Anyone who has anything of value to anyone else can be a successful user of our site and not only get something they want, but save money, support the green revolution by recycling, and, not least of all, have fun doing it."

BarterQuest.com is owned by JPM Global, Inc., a Delaware corporation. BarterQuest.com will be an interactive Web site for the cashless exchange of all types of goods, services, and the use of real estate between individual consumers. The public launch of the Web site is expected in the fall.

Except for historical information contained herein, this news release may contain forward looking statements that are subject to risks and uncertainties.