US online marketplace Foodtrader.com has denied rumours of its imminent demise as “completely inaccurate.”

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It had been alleged by sources close to the company that Foodtrader.com would be shutting down its site last Friday [18 May] after heavy investment in the group failed to pay off.


Last October, Foodtrader.com announced it had gained US$15m in second round financing through a private placement.

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