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MetaExchange Announces New CEO - Jonathan Hubbard

(Emeryville, CA) - Oct 16, 2000 - MetaExchange Inc, the Internet's first real-time, bid-ask exchange infrastructure for business commodity products, announced today that Jonathan Hubbard has joined the company as CEO. Mr. Hubbard is a five-year internet e-commerce veteran and was Founder/CEO of Hobby Markets Online, one of the very earliest internet auction success stories.

Mr. Hubbard received his MBA from Harvard Business School and his BA from Johns Hopkins University. In 1999 Mr. Hubbard sold his first company to boxLot.com where he then served as EVP of Product Development. In August 2000 boxLot's technology was acquired by InfoSpace, inc. (INSP).

About MetaExchange

MetaExchange, Inc. a privately held California C corp., is the Internet's first real-time, transparent bid-ask transaction infrastructure for small business commodity markets. Founded in 1998 the MetaExchange has facilitated over 150,000 transactions in the past 12 months on its website at www.MetaExchange.com and through it's private Windows-based trading applications.

For further information contact:

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

Copyright © 2000 MetaExchange, Inc.



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