UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 10, 1999
(Date of Report (Date of earliest event reported))
UBARTER.COM INC.
(Exact name of Registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
0-24005 91-1739746
- ---------------------------------- -----------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
21400 International Blvd., Suite 207
Seattle, Washington 98198
- ------------------------------------ ------------------------------------
Address of principal executive offices) (Zip Code)
(206) 870-9290
(Registrant's telephone number, including area code)
International Barter Corp.
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
On April 10, 1999, the Registrant amended its Articles of Incorporation to
change its corporate name from "International Barter Corp." to "Ubarter.com
Inc." Attached hereto as Exhibit 20 is a copy of the press release the
Registrant delivered on April 27, 1999, and such press release is hereby
incorporated into this report by reference.
Item 7. Exhibits.
(c) Exhibits.
99.1 Press release, delivered by the Registrant on April 27, 1999.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UBARTER.COM INC.
(formerly, "International Barter Corp.")
/s/ Richard Mayer
By: --------------------------------------
Name: Richard Mayer
Title: Vice President and Secretary
Dated: May 14, 1999
<PAGE>
Exhibit Index
Exhibit
Number Exhibit Description
- ------ -------------------
99.1 Press release, delivered by the Registrant on April 27, 1999.
Contacts:
Robert Benson
(206) 870-9290
[email protected]
Karl Stetson
MWW/Savitt
(206) 689-8505
[email protected]
INTERNATIONAL BARTER CORP. CHANGES NAME TO UBARTER.COM
Name Change Reflects Move to E-Commerce Model
SEATTLE, April 27, 1999 -- International Barter Corp. (OTC BB: IBCX), fast
becoming North America's largest barter company, has changed its name to
Ubarter.com. Announced today by Steven White, founder and CEO of Ubarter.com,
this milestone reflects the company's transition to an Internet-based e-commerce
model.
Ubarter.com, the first online barter Web site, will be relaunched in June
1999, to enable easy and convenient business-to-business barter of products and
services.
"With Ubarter.com, we are creating the most technologically advanced online
barter system in the world. This new system, coupled with recent acquisitions
and tremendous growth, positions Ubarter.com for even greater success," White
said. "Our new business model allows our users to browse, post and sell items
free of charge. With each item sold, the user receives `Ubarter Dollars(TM)'
which can be used towards a purchase from more than 7,000 goods and services
currently posted."
Bartering is a process by which clients sell products or services for
"trade dollars" and, in turn, spend these trade dollars on products or services
on which they would otherwise spend cash. At Ubarter.com, companies are able to
buy and sell goods and services using "Ubarter Dollars(TM)." This process allows
businesses to reduce cash expenditures, unload excess inventory, take advantage
of underutilized capacity, preserve cash flow and avoid unnecessary financing.
Ubarter.com is currently beta testing the site. Users include businesses in
a variety of industries, including media and advertising, travel and
entertainment, printing,
<PAGE>
hospitality, professional services, healthcare and dining. For the service, the
buyer pays a small fee on each transaction.
About Ubarter.com
Ubarter.com manages transactions where retail, professional, corporate and
media businesses 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 is a business-to-business
e-commerce site utilizing the Ubarter Dollar(TM) as payment for 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 14
salespeople, and is the first online, e-commerce barter site. Located at
www.ubarter.com, the Web site is currently being re-developed and is expected to
re-launch this summer.
Statements in this press release, and elsewhere, that look forward in time
or include anything other than historical information reflect current
expectations and intentions, and involve risks and uncertainties that may affect
the Company's actual results of operation. Those risks and uncertainties are
discussed in more detail in the Company's periodic reports filed with the
Securities and Exchange Commission under the Securities Exchange Act of 1934, as
amended.
To order an investor package, please call 1-800-292-7812.
###
