BarterBee.com - Online Trading Site Reports Dramatic First Year Growth

BarterBee.com - Online Trading Site Reports Dramatic First Year Growth

LOS GATOS, Calif., Oct. 25 /PRNewswire/ -- BarterBee.com recently celebrated its first anniversary by announcing that it has become the largest trading site for CDs, DVDs and Video Games.

Over 50,000 people have signed up at BarterBee.com to take advantage of the cheapest way to get music, movies and games -- $1 for any CD, DVD or Game on the site.

BarterBee.com accomplishments in its first year of operation include:

-- Highest margin, fastest growing business model in music, movies and
games when compared to other best-in-class companies including eBay,
iTunes, Netflix, Amazon, Blockbuster, Best Buy and TransWorld

-- Over 200% growth in customers, transactions and revenues
quarter-on-quarter for each of the past four quarters

-- On track for profitability in 2007

-- Viral growth driven by active, happy customer base -- average customer
trades 2-3 items/month, invites 4-5 people to join, churn less than 3%

-- Superior customer experience -- RSS feeds, wish/want lists, social
networking features, automated listings, video blogs and contests,
world class security

"The average U.S. household has more than 70 music CDs, 40 DVDs, and 17 video games," said Robert Alvin, President of BarterBee.com. "Combined, that represents an estimated $50 billion worth of product that can be traded. We make it cheap, easy and fun for people to trade."

BarterBee.com attributes its dramatic growth to customer word-of-mouth. According to Love Goel, Chairman and CEO of Growth Ventures Group, who has built three $1 billion+ ecommerce companies, "The management team eschewed venture capital to focus on getting the business model and customer experience right. This old fashioned, bootstrap approach has led to extraordinary customer experience and operating economics while their competitors have burned through millions with very little to show for it."

BarterBee.com is a privately held company of the NetLine Corporation and is headquartered in Los Gatos, California. You can learn more about BarterBee.com at www.BarterBee.com .

Source: BarterBee.com

CONTACT: Clay Doherty of Hollenbeck Associates, +1-415-227-1150,
ext. 13, or clay@hollenbeckassociates.com, for BarterBee.com

Web site: http://www.barterbee.com/

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