Charlotte, NC – SynergyStreet.com, an online business social networking website, is pleased to announce the introduction of their barter trade platform “SynergyStreetTRADE”, which allows entrepreneurs a vehicle for trading the products and services they offer, for those they need from other business members of the network. Participating members accept payment of their products and services in “trade dollars” in lieu of cash.
“The introduction of SynergyStreetTRADE” to the members of the community opens a whole new vista of opportunity for the participating businesses to expand their sphere of influence locally, nationally and globally. All of the transactions are handled online in real-time, 24/7, via our state-of-the-art software platform. Participation in the barter community is optional to members of the SynergyStreet.com business network”, says Tony Holden, Founder and CEO of SynergyStreet.
When businesses barter their products or services they have several advantages over cash transactions: 1) They acquire other products or services at their cost, thus conserving valuable cash 2) They expand their marketing by connecting with other businesses that are looking for other companies with which to trade and…..

They fill unproductive time with productive time and instead of selling excess inventory at drastic reductions or losses, they sell at market value. With the economy tightening, business operators are constantly looking for cost effective and time-saving ways to market their products and services and this portal presents a unique opportunity to get the word out on their business activities to a qualified and pre-selected local, regional or international market. They plug in their information and the system matches them with prospective clients.

“We have just launched and we are already approaching nearly 5 million dollars of product and service offerings for barter through trading partners in the USA, Canada, South America, Europe, Asia, India and New Zealand. We’re very excited about the prospects of building the largest global entrepreneurial community for commerce and collaboration. Unlike other trade exchanges in the market, SynergyStreetTRADE offers a “flat-fee”, unlimited self-service network. It’s very economical for a business to “try” trade if it’s new to them. There are no long-term contracts and a business is in complete control of all of their barter trades. To our knowledge, we’re the first business social network to offer a barter trade platform to its members,” says Holden.

In a global economy where fluctuating currencies and volatile economic conditions abound, SynergyStreet provides a viable solution to the major challenges most entrepreneurs face: having enough money to run their business, maximizing their time and finding qualified prospects for their product or service. The members of the SynergyStreet community can subscribe to the SynergyStreetTRADE exchange for a nominal fee and monthly subscription and complete their barter trades online.

themselves with other members in the community, or they can pay for the services of a “trade broker” to assist them with their transactions if they wish. Additionally, they may apply for a “SynergyStreetTRADE dollar” line of credit.
“Many entrepreneurs may not qualify for conventional bank financing either because of past credit challenges or a limited time in business, but access to capital is one of the greatest needs a business owner has,” says Holden. “SynergyStreetTRADE has the capability to issue this much needed ‘trade dollar’ credit if we can see the community has a need for the product or service the company offers. Alternative currency is big, and SynergyStreet is on the cutting-edge.”

Holden states that “The SynergyStreetTRADE platform is ‘like an alternative currency banking system’. It is important for members to understand that their barter transactions are treated the same as cash transactions for purposes of taxes. All member account and transaction records are kept online and accessible by members at any time. Additionally we are required by the I.R.S. to provide all members and the government a “1099B” at tax time.
Today, barter trade of goods and services represents an increasingly significant percentage of our global economy, especially since the advent of organized barter trade exchanges and their accessibility through the internet.
As a serial entrepreneur, business owner and consultant to businesses for 30 years, Tony Holden, Founder and CEO of SynergyStreet, says, “We saw a niche opportunity to serve the business community by building a portal where business owners could have a single source for networking, news and knowledge, and build relationships online that lead to marketplace meetings. It is best described as the ultimate online entrepreneurial community - a cross between Facebook, Match.com and eBay for entrepreneurs.

Though SynergyStreet is geared toward entrepreneurs and independent business owners of all genres, anyone with the ‘spirit of enterprise’ may join SynergyStreet, including corporate entities that serve the entrepreneurial community at large. All that is needed to join SynergyStreet is a valid email address. Once registered, users may immediately begin to connect with other members of the community.

SynergyStreet is an online entrepreneurial community and business-oriented "social network" that engages and empowers business owners by providing a “meeting place” for commerce, community, and collaboration. Entrepreneurs can use SynergyStreet to post their professional profiles, showcase their products and services with photo, video, or text files in their personalized portfolio, share links, blog, as well as create and participate in groups and discussions in a secure and trusted environment.