(From beckett.com - April 30, 2001)

MetaExchange Introduces Pre-Sell Marketplace

MetaExchange, Inc. has announced the launch of a marketplace for pre-sell sports card boxes and cases.

"Distributors and retailers have been trading on a pre-sell basis for a long time," says Jim Hwang, Director of Sales Development at the MetaExchange. "Unfortunately, a lot of that trading has been decentralized and inefficient. The MetaExchange is now providing a safe, secure place for this to happen centrally."

The privately-held California-based company touts itself as the Internet's first real-time, transparent bid-ask exchange for small business commodity markets. Launched in February 1999, the MetaExchange has facilitated over 150,000 transactions in the past 12 months via its Web site at http://www.MetaExchange.com and through its private Windows-based trading applications.

"We are not another auction site," says CEO Jonathan Hubbard. "MetaExchange is a spot market where buyer and sellers are matched instantly at pre-determined prices. There is no need to wait seven days like at an auction. This approach works much better for businesses needing to trade quickly."

The company's pre-sell market is designed to allow buyers and sellers to lock in prices before the product begins to ship. All pre-sells must ship immediately after release from the manufacturer. The system is designed to make sure that products are delivered and both buyer and seller are protected. Current and historic pricing information is available.

MetaExchange charges 5% commission on the first $100 of a sale and 2.5% above that. There are no listing fees.