If you’re looking down the barrel of a big cancellation penalty, a new online service could help save your budget. MeetingTrader, a clearinghouse for canceled meeting space, expects to come out of its beta-test phase in the first quarter of 2010, but meeting professionals are already making use of the service to help resell their meeting contracts and mitigate their cancellation fees. CEO Tim Brooks, former president of The Austin Group meetings consultancy, launched the site on September ...

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