ITEX Second Quarter Shows
Operating Income Increase Of 68%
ITEX
Corporation (OTCBB:ITEX) has filed the company’s second
quarter results, which ended January 31, with the SEC.
Highlights of the report include:
·
Operating
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.)
·
Revenue was
$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.)
·
Selling,
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.)
·
More than
$66,000,000 in transaction volume was attained through the
processing of more than 157,000 transactions.
·
Repurchased
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.
·
Relocated
corporate headquarters to an improved facility, increasing
work space from 4,000 to 7,000 square feet.
For
more on ITEX’s report on form 10-QSB, go to:
www.sec.gov.
CD Barter Trading Site Gets
$9 Million!
The
venture capital boys are at it again...Bain Capital Ventures
and Ignition Partners have provided
Lala.com,
a Palo Alto internet site, with $9 million.
Lala
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.
Lala
enables members to trade unwanted CDs in exchange for those
they’d like to have. Members pay $1 per CD, plus 49-cents in
postage.
If
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
does.
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:
www.internationalmonetary.com.
Universal Law-Of-Reciprocity
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
e-mail
bmeyer@barternews.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
line.
Drucker’s Final Observations
& Thoughts
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.
Hotel
General Managers
Here’s
The Easiest $100,000 You’ll Ever
Bring To The Bottomline!
Collect
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:
Work
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.
For a
confidential introduction contact Bob Meyer via e-mail:
bmeyer@barternews.com.
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
If your
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. |
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today’s New Age Of Possibility
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many forms of secondary capital—which can be defined as any
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Capital Section.” Check it out...
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