MeetingTrader Receives Angel Investments for Further Development Activities

CHICAGO, June 15, 2009: Tim Brooks, Founder & CEO of MeetingTrader, announced today that the company received a new round of funding from investors in support of the launch of the company’s patent pending solutions for meetings industry procurement and canceled meetings resale. MeetingTrader, founded by Brooks in 2007, provides a Beta-tested application for the valuation, resale, and mitigation of canceled meeting contracts and large-scale attrition events. In addition to its patent pending Canceled Meetings Exchange technology, the company will release its Software-as-a-Service (SaaS) application for value optimized meetings procurement and contract negotiations in September 2009.

Joining Brooks on the Board of Meeting Trader are Thomas Hays, President of Emerald Development Group, and Marsh Merriman, Managing Director of BlackRock Kelso Capital. Emerald Development Group is a hotel design and management group with hotel interests in the USA, India, and Morocco. Mr. Hays is owner and developer of the Riad Meriem, one of Travel + Leisure's Top 30 New Hotels in the World for 2008, and principal of Thomas Hays Interiors, a hospitality design and development group. Hays received his MBA from the Kellogg School of Management at Northwestern University.

As Managing Director at BlackRock Kelso, Mr. Merriman has many years of involvement in mergers and acquisitions, capital development, and scaling growth companies. Mr. Merriman holds a law degree from the University of Virginia and formerly as Partner at McGuire Woods LLP prior to the start of his investment banking career. Merriman is also a Director of AI Solutions.

“We are very pleased to welcome Thomas Hays and Marsh Merriman to our leadership team,” said Tim Brooks. “Their experience will be invaluable as we roll out MeetingTrader’s game-changing technology to meeting planners and hotels later this year. MeetingTrader’s technology will expedite and improve the meetings industry procurement and sales cycle, and we appreciate their confidence and support of our efforts.”

MeetingTrader’s valuation and procurement platform has been extensively Beta-tested for nearly one year by some of the industry’s top hotel sales and meeting planning professionals. “MeetingTrader’s Beta has already helped hotel and meeting planners replace, resell, and mitigate nearly $8 Million in canceled groups,” said Stephanie Smith, MeetingTrader’s Director of Operations. “We currently have $16M in pending transactions listed in our invitation-only Beta, and this number grows each month. A survey of all of our Beta user comments shows a 93%+ satisfaction rating among hotel and meeting planner test groups, and we listened carefully to our users to develop the new features we are adding for the general release.”

MeetingTrader Inc provides innovative procurement and contracting technology for hotels, convention bureaus, meeting planners, strategic meetings management, and procurement professionals. MeetingTrader has patents pending on its technology for the valuation, resale, and mitigation of canceled hotel and group meeting contracts. MeetingTrader’s technology also enables Just-in-Time meetings purchasing and collaborative budgeting for any meeting planner and any hotel, globally, on an affordable subscription or enterprise solution basis.

For more information about MeetingTrader, please contact:

MeetingTrader Inc.
T: +1 773 281-0001
E: info@meetingtrader.com
www.meetingtrader.com