by Bob Meyer, Editor of BarterNews
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In The Trade Exchange Industry. . .
Corporation (OTCBB:ITEX) has announced the results
of their January 10 annual meeting, in which re-election of Board
members was the only order of business. Steven White was re-appointed
Chairman, CEO and President, and continues as interim CFO. John
Wade was re-appointed Secretary and Treasurer. Eric Best of Seattle
was also reelected to the Board. (Wade is CFO of Aptimus Corporation,
and Best is CEO of Mercent Corporation.)
CEO Steven White, the company “earned more than $2.6 million
in net income in fiscal 2004, including over $1 million in operating
income for the first full year of operational profits in ITEX’s
history. Corporate overhead was reduced by 42%, all long-term debt
was retired, and outstanding stock options and expensed equity-based
compensation were eliminated.”
the company’s goal in 2005 is to increase market share by
working with new businesses that haven’t experienced “the
rewards of cashless transactions.”
reported that 2004 was a stellar year for its online
technologies. Overall combined transactional volume for all web
sites using TTi was $75,767,122...an increase of 131% over 2003’s
volume of $57.7 million. For more information: www.evalues.net.
International Monetary Systems (OTCBB:INLM) with more
than 7,000 customers in 25 U.S. markets, has added another one...the
greater Los Angeles market. Executive VP John Strabley elaborated,
“Our new client enrollments in Los Angeles have surpassed
150 members in just three months of operation. Attaining this critical
mass has been accomplished much quicker than anticipated, and we
are now concentrating on expanding this base in all product and
we have here is a failure to communicate!”
Years ago, one
of the most visible people in the barter industry said the #1 reason
why the industry wasn’t farther along in its development was
due to a “failure to communicate” by those in the business.
was the genesis of The Competitive Edge newsletter, now
into its 18th year of publication. Trade exchange owners who use
this powerful marketing and promotional tool are never guilty of
“failing to communicate.”
As the owner
of a trade exchange you must stay in front of your clients.
Informing, educating, and inspiring them, because your clients’
bartering is a relatively small percentage of their overall business.
So if you don’t keep their interest and enthusiasm for trade
at a high level, you lose.
aim, like all other businesses, is to get your clients coming back
for more. Every extraordinary business (and every trade exchange
owner who wants to be extraordinary) knows that the customer you
have, is a lot less expensive to sell than the customer you don’t
Want to take
your exchange to a higher level? Use The Competitive Edge
newsletter in your operation—it promotes the many benefits
of working through your trade exchange like nothing else!
To learn more
about The Competitive Edge newsletter and how it can help
build your trade exchange, click
Buffett Suggests Quid Pro Quo Type Exchange Policy Will Solve Our
Nation’s Trade Deficit
famed investor Warren Buffett, the world’s second richest
man, cautions that our country’s trade deficit cannot be fixed
with a rise in interest rates or an upward revaluation of the Chinese
currency. Plus Buffett is skeptical about any major changes coming
out of Washington, which is why he has been making major bets in
favor of the euro, the pound, and six other foreign currencies.
But he does
see a solution to the problem. In a Forbes interview (January
10, 2005) Buffett says it’s absolutely necessary to bolster
the dollar through a public policy that brings imports and exports
into perfect balance. The key, as he sees it, is to demand “that
each dollar of imports be accompanied by a certificate having been
bought from an exporter, who moved a dollar the other way.”
Note: Obviously, these certificates would become a
very valuable form of “currency” which could be sold
or traded among companies wishing to sell into the United States.
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
Glitter Started By Bono’s Barter Deal Continues On Today
The Palm Springs
International Film Festival that was held this past weekend, has
been re-energized...celebrating both film and the city itself. Fifteen
years ago, as the mayor of Palm Springs, Sonny Bono (of Sonny and
Cher fame) came up with the idea of the festival. It was in answer
to the town’s deficit, not it’s desperate need for foreign
economy of Palm Springs runs on its transient occupancy tax, Bono
wanted to fill the hotels and restaurants, showing the world that
the city was once a place of old Hollywood glamour for a reason.
Back then Bono proved to be a real trader. He convinced the Los
Angeles Times to provide multiple pages in the paper for the
city to promote and advertise the festival, in exchange for being
named a major sponsor of the event.
Now, more than
a decade later, the event is getting a makeover by the newly named
festival chairman-emeritus Harold Matzner and current festival chairman
Earl Greenburg. (Greenburg, a lawyer and former programmer for daytime
television at NBC, made the rounds in L.A. beating the bushes for
the big stars’ appearances. He says the film festival now
ranks as the second largest film festival in the country.)
Matzner, knowing that product branding is an act of will, not chance,
brought in high profile sponsors, including Tiffany, Mercedes, “Entertainment
Tonight,” and the city of Indian Wells. And, as usual, barter
played its part in the overall success of the effort.
The newly renovated
Parker Palm Meridian hosted the honorees and many of the high-profile
guests. And Tiffany, which signed on for a three-year commitment
to the festival, provided thank-you watches to honorees and presenters.
In return, Tiffany was a very clear presence at the gala—from
the live models flanking the final turn of the red carpet to a montage
of clips paying homage to the jewelers.
to chairman emeritus Matzner, the film festival accomplished its
goal. “We wanted people to see what a wonderful place this
valley is and what a wonderful town Palm Springs is. Many residents
believe the new sheen of the festival reflects how Palm Springs
is growing and changing. The population of the valley is projected
to double in the next 10 years and Palm Springs has grown considerably
in the last five, recapturing some of the movieland magic of the
Brat Pack days.”
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Thinkers Solve Challenges, Making Future Look Bright
In another 20
years will nearly all construction be done by robots? A California
scientist thinks so. With federal funding Behrokh Khoshnevis, a
professor of industrial and systems engineering at the University
of Southern California, has devised a machine that takes its instructions
from an architect’s computerized drawings and then squirts
successive layers of concrete, one on top of the other, to build
vertical walls and domed roofs.
nozzle squeezes out a line of wet concrete like toothpaste being
deposited on a toothbrush, repeating the pouring as many times as
is necessary to achieve the programmed height.
“contour crafter” can work around the clock, with no
need for breaks. His first “house” planned for construction
in late 2005 will be a shell, but later efforts would include plumbing
and electrical systems.
robot-built structures would be used as emergency housing and as
low-cost homes for inner cities and emerging nations. However, the
federal government is interested in them for military housing and
possible space applications.
robots will one day build houses for a quarter of today’s
Every barter company in the world is listed on our
web site, click
through to our Global List of Barter Companies.
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to Greg Sheridan, foreign editor of The Australian, the
giant tsunami which rolled its wave of destruction across the
Indian Ocean, from Indonesia to Sri Lanka and India and even Africa,
could redefine the geopolitics of Southeast Asia. Sheridan says
lesson No.1 is that it is the U.S. and its alliance system which
counts for most in Asia. And the tsunami shows that the angst
in Western foreign policy circles in recent years, about China
being the most powerful force in Asia, is wildly premature at
Sheridan says China
has played a kind of brilliant confidence trick by getting the
world to evaluate it today at its own estimation of its potential
position in two or three decades. However, the tsunami shows
the limits of China’s influence. They came forward constructively,
but with a modest aid package because China doesn’t have
the money, the allies, or the adaptable and deployable military.
Nor, Sheridan contends, does it have the confidence of neighbors,
the culture of compassion, or the diplomatic clout to lead a
relief effort in the way the U.S. has done.
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A record number of
Japanese companies provided shareholders with special treats
in 2004, aside from the typical dividend payment. Some 868 companies,
or 24% of all listed companies on the Tokyo stock exchange,
presented shareholders with food items, prepaid cards, and such.
The most popular perks were coupons for free or discounted meals.
firms with investment funds totaling $1 billion or more now
number 170, up from only 4 in 1990, according to Thomson Venture
Economics and Morgan Stanley.
India had a 24% rise
in foreign tourist arrivals last year, totaling 3.37 million.
The popularity as a tourist destination is a trend expected
to continue despite the tsunami that devastated the country’s
southern coast recently.
radical restructuring of its fares is being viewed as the democratization
of air travel, with price differences between one way coach
fares and first-class fares now $100 (one way). AirTran, Delta’s
arch-rival in its Atlanta home base, only charges $35 or $75
to move up to the front...depending on the length of the flight.
Negativity may cost
American businesses $250 billion to $300 billion annually in
lost productivity, according to Michael Lednovich, President
of True North Executive Development. He points to a recent Gallup
Organization report that says 22 million U.S. workers are extremely
negative about or actively disengaged from their jobs.
The report found
that workers who regularly receive recognition and praise at
work increased their individual productivity, received higher
loyalty and satisfaction scores from customers, had fewer on-the-job
accidents, and were more likely to remain at the company. However,
few companies give praise and recognition regularly, Lednovich
said. (Note: To company management, “Hello!!”)
are still playing it safe. VC investments peaked nationally
at $28.6 billion in the first quarter of 2000, and by the third
quarter of 2004 had dropped to $4.3 billion.
taken another step forward...opening its doors to the world’s
retailers. Wal-Mart, Carrefour and the rest of the largest retailers
can open outlets anywhere in China without having to shop first
for joint-venture partners. Even so, Wal-Mart said they will
continue to pursue joint-ventures because of the advantage of
obtaining local knowledge.