The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
February 6, 2001
Barter Venture Capital Conference Scheduled
Another first for the barter industry is the upcoming Barter Venture Capital Conference to be held Wednesday, February 21, in Chicago.
Speakers at the conference will include barter industry veterans Harold Rice and Dean Hnilica, as well as James Berger of Northwestern University and Brian Shniderman, CEO and founder of Advise4Stock.
Bond Interest Paid With Inventory
Mark McCain, 36, is the owner of Three Lakes Winery in Three Lakes, Wisconsin. And he's using his product to move his young company forward. Selling 10-year $1,000 bonds, he is paying the yearly interest on the bonds out of his inventory--providing investors with 15 bottles of wine every year!
Network Commerce Signs Agreement With Airborne Express
Network Commerce (NASDAQ: NWKC), a technology infrastructure and services company and owner of Ubarter.com, has agreed to a joint venture with Airborne Express (NYSE:ABF), a large air express delivery carrier.
The agreement will provide Airborne with the opportunity to build their customer base by offering services to the more than 250,000 small and medium size businesses on Ubarter.com and FreeMerchant.com. Airborne will be the default shipping option for FreeMerchant, Network Commerce's online-store builder and small-business community.
Network Commerce will provide advertising and e-mail marketing services for Airborne Express as part of the agreement.
To Riches Real Estate Tycoon Used Barter
Tamir Sapir, a 53-year-old Russian émigré, once drove a cab in New York City. Today he presides over a $1 billion Manhattan real estate empire, and has an apartment in Manhattan's Trump Towers, a sprawling mansion on Long Island, plus a villa in Acapulco.
Sapir left Russia in 1973 in a wave of Jewish emigration. His path to riches began when he saved enough money to buy a taxi medallion (license).
He then borrowed $10,000 against the medallion to invest in a small electronics store. And subsequently, in the 1980s, made millions by bartering electronics to Soviet enterprises in exchange for oil contracts that he sold to western companies. Then he took his oil proceeds and began buying Manhattan real estate.
In 1995 he paid $20 million for 2 Broadway, a 1.6 million square foot building in the Wall Street area that some said was unrentable. In 1998, he agreed to a 49-year lease on the building with New York's Metropolitan Transit Authority. (The $1.5 billion lease is now the subject of a bitter court battle between Sapir and the MTA.)
Here And There. . .
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