HE-5 Resources, newly renamed as the Trading Barter Bank, is making several acquisitions over the next 30 days. According to the press release:
Management has been intensively accelerating negotiation throughout the Thanksgiving long weekend celebrations, for the acquisition of 2 Web Revenue Generating Companies that would complete our software suite and for 1 joint venture agreement for acquisition of a Barter Enterprise in America.
We had targeted and identified these potential acquisitions a while ago, for dual purpose of; first providing more services to our members, and second to enlarge rapidly our community membership through systematic vertical integration. One of the companies specializes in large content information database and the other one is distributing products and services in “Adult Industry” for dating and contact Base Exchange Community, and multiple product distribution with over $10 million a year in revenues.
Finally we have made an offer to acquire 1 Barter Company in America having for objective to set our North American affairs in the heart of action in a well established community.
Apparently business to business bartering isn’t the only form of barter the Trading Barter Bank will be facilitating.
Are they going to be trading porn or something? That seems fishy.
The article says dating, so hopefully the are not going to promote pornography, but instead help people get ethical dates. We will continue to report on this as we get more information.