ITEX Second Quarter Shows
Operating Income Increase Of 68%
Corporation (OTCBB:ITEX) has filed the company’s second
quarter results, which ended January 31, with the SEC.
Highlights of the report include:
income of $528,000 compared to $315,000 for the second
quarter of fiscal year 2006, up 68%. (Six months operating
income was $823,000 compared to $590,000, a 39% increase.)
$3,665,000 compared to $4,007,000 for the previous year’s
quarter, a 9% decrease. (Revenue for six months was
$7,455,000 compared to $7,721,000, a 3% decrease.)
general, and administrative costs decreased 60% to $224,000
compared to $555,000 for the prior year. (Selling, general,
and administrative costs for the six month period were
$674,000 compared to $983,000, a 31% decrease.)
$66,000,000 in transaction volume was attained through the
processing of more than 157,000 transactions.
and retired 400,000 shares, reducing outstanding shares to
17,966,132. The company has repurchased and retired
1,450,000 shares since January 2006 at a cost of $874,000.
corporate headquarters to an improved facility, increasing
work space from 4,000 to 7,000 square feet.
more on ITEX’s report on form 10-QSB, go to:
CD Barter Trading Site Gets
venture capital boys are at it again...Bain Capital Ventures
and Ignition Partners have provided
a Palo Alto internet site, with $9 million.
is modeled after Peerflix, which trades DVDs. This
“swapmeet” model certainly isn’t new. As recently as a few
years ago there were numerous online swap meets; most of
them are presently out of business.
enables members to trade unwanted CDs in exchange for those
they’d like to have. Members pay $1 per CD, plus 49-cents in
Lala survives it will be due to two factors. First, a
commendable awareness of giving back to artists. Twenty
percent of the firm’s revenues are funneled back to the
artists, something no other online site or used record store
Additionally, their goal is to have 3 million CD titles
online. (Less than 150,000 are available on iTunes and
digital music services.) Consumers will have the option of
buying new CDs and, eventually, digital music.
142% Increase In Trade Volume
For IMS, Gross Revenue & New Clients Also Up Over 100%
International Monetary Systems (OTCBB:INLM)
reported $9,155,000 in trade volume (one side of the
transaction) for the month of January, a 142% increase over
the $3,773,000 for January 2006.
Gross revenue for January 2007 was
$1,100,000 versus $538,000 for the prior year, up 104%. And
new client enrollments in January 2007 were 216 versus the
previous 95, up 127%.
According to CEO Don Mardak, “These are
the largest year-to-year percentage increases we have ever
recorded. The increase of 142% in trade volume was a
remarkable achievement, attributable to a wonderful job done
by our staff of dedicated trade brokers. New-client
enrollments were also the highest in our history.”
For more information on IMS go to:
Key To Trade Exchange Success
Every trade exchange owner in the world
should not only be aware of the law-of-reciprocity, but
using it, in the operation of their business.
Trade exchange owners are invited to
email@example.com for more information on how
you can become “the exchange of choice” in your area. When
e-mailing Bob Meyer, put “Law of Reciprocity” in the subject
Drucker’s Final Observations
Imagine having the opportunity to talk
with Peter Drucker, the man that predicted most of the great
management changes of the past 50 years.
Management consultant, Elizabeth Haas
Edersheim, conducted numerous interviews with Drucker in the
16 months before his death on November 11, 2005. Here, from
Ms. Edersheim, are some of Drucker’s last thoughts:
The challenges facing companies now are more dramatic
than any seen during his lifetime.
Consumers are gaining unprecedented power.
Global competition has gone from wind level, to storm
level, to hurricane level.
Astute companies are inventing not just new products but
new human needs.
Seven of the 10 biggest companies that have seen the
greatest growth in share value (over the past five
years) did not exist a couple of decades ago.
To thrive in this new environment
Drucker says companies will have to rethink everything. They
will need to partner with “rivals,” and consult with
customers so that they can view themselves from the “outside
in.” They will have to tap new sources of talent, such as
retirees, and focus fiercely on their core competencies.
As for individuals, they are now in
charge of their own progress. Individuals must realize they
are resources with the responsibility for developing their
most important resource, brainpower, and who need to take
more control of their own careers. In short, you are the CEO
of your own career.
The Easiest $100,000 You’ll Ever
Bring To The Bottomline!
cash, as usual, from the guest accounts staying at your
facility that require the use of professional AV services.
And rather than shouldering your ongoing employee costs, or
your current vendor’s cash agreement for AV services,
here’s a much better alternative:
with a proven national vendor (a sterling 25-year track
record) who will provide all of the AV services for your
hotel on a 100% TRADE BASIS! (Payment to be in the form of
hotel rooms and/or trade dollars.)
Your hotel’s annual AV billings must be a minimum of $200,000, and this
offer is available only in the continental United States.
confidential introduction contact Bob Meyer via e-mail:
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
member hotel(s) have a minimum of 10,000 sq. feet of meeting
space and annual billings of at least $200,000 for AV
services this is a great opportunity to earn substantial
cash service fees on the hundreds of thousands of trade
dollars your hotel member will be paying the vendor. Contact
Bob Meyer at the above e-mail.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
Our Web Site Has A Search Tool For You
wondered if a certain topic, person, or organization has been
written about on the Barternews.com web site? Now you can easily
find out, as we’ve added a search tool. It will quickly give you the
answer to your questions, in 3 easy steps that take about 12
At the top
right of the page, just under where you sign up for the Tuesday
Report you will see a little Google box. It is where you can (1)
type in the name of a subject, company, or person. Then (2) click
the button www.barternews.com to search the site, followed by (3)
hitting the search button.
The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today’s New Age Of Possibility
many forms of secondary capital—which can be defined as any
financial instrument that measures and communicates value in a
common language. Would you like to see and learn more about the many
forms of secondary capital?
We have 70
free, informative and inspiring, articles for you in our “Secondary
Capital Section.” Check it out...
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
A Gift To A Friend Or Associate.
If you know someone who might benefit from this newsletter, feel
free to forward it to them! (See the “box” at the end of the
newsletter for the forwarding service.)
We welcome your
comments, questions, and observations.
Copyright BarterNews 2007. Redistribution of BarterNews
content expressly prohibited without the prior written permission of BarterNews.