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SwapThing and Classface's Partnership Makes Free Swaps Safe and Easy For All High School Students

SwapThing, Inc., the premier online platform enabling individuals, collectors, businesses and communities to swap goods and services online, has partnered with Classface, Inc., a subsidiary of Bolt, Inc., bringing SwapThings functionality to their growing online high school network. Classface is a social networking community that connects high school students from more than 40,000 schools across North America. The partnership will extend SwapThings distribution reach to high school students, while the integration of SwapThings service will give Classface users an easy and safe arena for swapping.

CUPERTINO, Calif. -- August 24, 2005 -- SwapThing, Inc., the premier online platform enabling individuals, collectors, businesses and communities to swap goods and services online, has partnered with Classface, Inc., a subsidiary of Bolt, Inc., bringing SwapThing's functionality to their growing online high school network. Classface is a social networking community that connects high school students from more than 40,000 schools across North America. The partnership will extend SwapThing's distribution reach to high school students, while the integration of SwapThing's service will give Classface users an easy and safe arena for swapping.

SwapThing's platform will allow Classface users to swap music, clothes, DVDs, games and books, all within the confines of their high school. Classface's closed high school network of students provides a safe and secure environment where students can swap with other students at their school and even arrange to meet on campus to conduct an exchange.

The addition of swap functionality to Classface's site offers students a free and easy way to get what they want. Students are always in control of their swaps and only have to accept deals that they like. The Flexible Swap System allows any combination of goods, services and cash to balance an unequal deal.

SwapThing with be fully integrated into the Classface community by October, bringing the world of barter to high school students across North America.

Working with Classface enables us to expand our mission of bringing online communities an easy way to exchange goods and services, while giving high school students a safe way to swap," said Jessica Hardwick, chief executive officer of SwapThing. Our Flexible Swap System increases the number of swaps a user can engage in by allowing them to quickly and easily find swapping partners who have what they want and want what they have."

Our partnership with SwapThing provides our users a fun, safe and easy way to trade last semester's paperback for a friend's CD, or help with their homework for guitar lessons," said Michael Silverstein, project manager of Classface.com. At Classface, we like to make sure our users have access to the latest and most engaging online services, while also maintaining the security of our community."

About SwapThing
SwapThing, Inc. is a platform that creates and empowers online communities through the exchange of goods and services. With sophisticated search technology and low fees, SwapThing brings swapping mainstream by making it faster, easier and less expensive for individuals and small businesses, creating access they previously had lacked and greatly increasing the market for swaps. SwapThing is headquartered in Cupertino, California. For further information, please visit www.swapthing.com.

About Classface:
Classface, Inc. is an online social networking community for high school students that provides teenagers with a way to meet new friends, organize their social life and stay connected. Classface is your high school, online! Classface is headquartered in New York City and is a subsidiary of Bolt, Inc. Please visit the site at www.classface.com.

About Bolt:
As one of the leading online media companies targeting high school and college students, Bolt provides an ideal environment to reach and connect with a member base of over 10 million users and 4.5 monthly uniques. Bolt enables its members to freely express their opinions on all topics and in all outlets. Whether members convey their individuality through artwork, music, words or photographs, Bolt provides the ideal place for teens to express themselves. Bolt is headquartered in New York City, New York. For more information please visit www.bolt.com.

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Shital Mehta
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