[Monmouth/Westchester] August 8, 2023 – BarterSaves LLC, based in Red Bank and New Jersey’s largest independently-owned barter exchange, has announced the acquisition of Hudson Barter Exchange (HBX), a division of Hudson Trade Network, Inc. The deal, finalized on August 7th, is the fourth acquisition for the company which now boasts an expansive membership of approximately 3,000 members located in New Jersey, New York, Pennsylvania, Maryland, Virginia, Florida, and Washington DC.

Joining a barter exchange allows businesses and individuals to optimize their resources by trading goods and services without the need for cash, fostering new business relationships and expanding their network. Exchanges often use a system of "credit units" which are awarded to members who provide goods and services which can then be redeemed for goods and services from other members. Additionally, it provides a structured platform for multi-party trades, eliminating the limitations of direct one-to-one bartering and enhancing liquidity in assets as well as providing a versatile and efficient alternative to traditional monetary transactions.

HBX, located in Elmsford, NY, amassed a membership of more than 1,000 businesses across a wide range of industries over the last 16 years. Owned by Kevin and Karen Brown, HBX provides business owners with options for selling more products and services through barter as well as opportunities to reduce overstocked inventory, sell available seats to sporting events, concerts and theatre events, and fill appointment time slots. Hudson Trade Network, Inc. will maintain an ownership stake in BarterSaves. Kevin Brown, CEO of HBX, will serve as Vice President for BarterSaves and assist with the integration of HBX members into the BarterSaves system while continuing to provide the hands-on customer support which has become a hallmark of the company.

BarterSaves, New Jersey's largest independently-owned Barter Exchange has gotten even bigger! On January 9, 2023 the company acquired BarterFirst International based out of Florida, serving businesses in Orlando and the surrounding area for over 25 years. BarterSaves now boasts an expansive membership of over 2,300 members in New Jersey, New York, Pennsylvania, Maryland, Northern Virginia, the District of Columbia and now Florida.

Despite the influx of negative economic news about inflation and an upcoming recession, we have great news for local businesses! New Jersey’s largest independently-owned barter exchange, BarterSaves, has expanded its network by recently joining forces with Barter Depot and both exchanges are now under one umbrella, known as the BarterSaves Trade Exchange.

In this special report, Kimberly Jade talks with BarterSaves members about how they're thriving through difficult times by using BarterSaves. Watch and see the reasons to join!