MetaExchange Announces 100,000th Transaction

Emeryville, CA - JUL 6, 2000 - MetaExchange Inc, the Internet's first real-time, transparent bid-ask exchange for small business commodity markets, today announced it has surpassed 100,000 transactions. Rapidly becoming the preferred venue for online collectibles business, MetaExchange is changing the way small businesses interact with one another.

"We are enabling small businesses to operate on Internet time", said Ken Sedgwick MetaExchange CEO. "Businesses want full-disclosure of market information - no one wants to guess at prices or wait 3 days for an auction to close."

In addition to surpassing 100,000 transactions, MetaExchange has transacted over $10 Million worth of goods on its website in the past 12 months.

MetaExchange operates dynamic marketplaces for commodities important to small business. Modeled after the stock exchange, its markets consist of real-time bid-ask trading pits that deal in well-defined commodities.

About MetaExchange

MetaExchange, Inc. a privately held California C corp., is the Internet's first real-time, transparent bid-ask exchange for small business commodity markets. Founded in 1998 the MetaExchange has facilitated over ten million dollars worth of transactions in the past 12 months on its website at www.MetaExchange.com. The MetaExchange currently trades over 10,000 different products.

For further information contact:

Brent Gorda brent@MetaExchange.com
MetaExchange, Inc.
1250 45th Street, Suite 315
Emeryville, CA 94608
510-595-2907 (voice)
510-595-2901 (fax)
www.MetaExchange.com
info@MetaExchange.com

Copyright © 2000 MetaExchange, Inc.