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March 16, 2010 Written
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer... 03/16/2010
IMS Web Traffic Expanding
IMSBarter (OTCBB:ITNM) reports that in 2009, visits to its
web site (www.imsbarter.com)
increased 35% over the prior year (2008). The traffic
increase was fueled by the company�s nationwide membership
accessing important account information, reviewing new
offerings as well as shopping on their new online
marketplace.
Independent Hoteliers Urged To Barter
Jody Merl, CEO of Innovative Travel Marketing, was
interviewed last week by
www.4hoteliers.com. Merl explained in the interview
how the hotel industry, particularly independent hotel
operators, can barter for needed print media.
For more info on Innovative Travel Marketing
click here.
Now This Is Growth!
Twenty-five years ago (March 15, 1985) a computer company in
Cambridge (MA) registered the very first dot-com site.
Today, about a hundred-thousand sites are registered daily!
Banks Write-Off Record Credit Card Debt
Recent articles in the financial papers reported how
consumers were paying down their debts. Well, the actual
figures paint a different story.
According to an analysis by Federal
Reserve data, the bulk of 2009�s drop in consumer debt came
about because banks were forced to write-off loans people
failed to pay. Of the $93.2 billion drop in consumer card
balances, $83.27 billion were the aforementioned required
write-offs.
All
back issues of "From the Desk...� can be accessed by
clicking
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ITEX Announces Second Quarter Filing � Fiscal 2010
ITEX (OTCBB:ITEX) has filed form 10-Q with the Securities and
Exchange Commission, and have announced the results for its fiscal
2010 second quarter ended January 31, 2010.
Second quarter 2010 highlights:
�
Income from operations of $526,000, compared to $235,000 in the same
period last year;
�
Revenue of $4,537,000, compared to $4,365,000 in the same period
last year;
�
Net income of $172,000, compared to $134,000 in the same period last
year;
�
Cash at end of period of $3,627,000, compared to $2,557,000 on July
31, 2009;
�
Stockholder equity of $14,460,000, compared to $13,981,000 on July
31, 2009;
�
Broker incentive expense of $79,000 for a computer upgrade
initiative planned in conjunction with the upcoming launch of Office
2010.
(The ITEX report on Form 10-Q can be found at
www.sec.gov.)
ITEX Authorizes Stock Repurchases
On March 9, the ITEX Board of Directors authorized the repurchase of
up to $2 million of its outstanding common stock. The timing and
actual number of share repurchases will depend on a variety of
factors.
The repurchase program does not obligate ITEX to acquire any
particular amount of common stock, and may be modified or
discontinued at any time. ITEX currently has 18,051,248 shares of
common stock outstanding
Is Your Trade Exchange Missing Out On
Valuable New Business?
If
your barter company�s listing on BarterNews.com isn�t current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic � with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly �Tuesday
Report,� and the �Contacts
Section� of our site. They use the latter to find barter
companies with which to do business.
Is
your barter company�s listing up-to-date?
To
keep your listing current is very easy. See the links below to (A)
update any changes to your company�s listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here�s how to get on board:
To
make changes to your listing
click here.
For
new listings
click here.
IMS Provides Needed Credit Lines To Business Community
International Monetary Systems Ltd. (OTCBB:ITNM) reports that it
continues to make credit available to IMS member businesses,
providing them with an assurance that if they are not able to get
credit at the bank, they have an alternative payment system which
still offers them lines of credit.
�The fundamentals of barter state that in a slow economy, business
owners look to alternative means to stabilize cash flow and to keep
new business coming in,� explains Don Mardak, CEO of IMS. �However,
we have been somewhat surprised by the strong increase in requests
for credit that we have seen recently.�
Currently, IMS Barter has issued credit lines totaling more than $48
million. The top members in the IMS network have seen their lines
increased by more than $2 million.
�If we as a country have learned anything from this current
economic crisis,� Mardak reflected, �it is that any currency system
must be operated prudently and responsibly, especially when issuing
credit. IMS has a 24-year history of managing a healthy barter
network. The opportunity to issue credit where credit is due is what
we�re all about.
�We base our credit on the products and services that the member
businesses have to offer,� he continued, �not on their cash
accounts, such as receivables or future sales or how they look on
paper. So, while the bank might not be able to issue credit our
alternative currency system enables us to go about it differently,
offering an alternative form of business financing.�
For more information on IMS see
www.imsbarter.com.
�
International visitors look for BARTER CONTACTS in our Global Barter
Section. If YOUR exchange isn�t listed see the forms on the lower
left of the page. (Click
here.)
�
Attention trade exchange owners...thousands of visitors every month
visit our BARTER CONTACTS section on our web site where we have
names & addresses of barter companies in the USA. If YOUR exchange
isn�t listed, or the information is incorrect, you can correct the
situation by using the forms to the lower left of the USA map. (Click
here.)
Click here
www.barternewsblog.com.
Valuable Money Alternative Awaits The Alert Entrepreneur
At the prestigious Wharton School of Finance, Ian MacMillan
(professor of entrepreneurship) was known for suggesting his
students amass as many credit cards as they could. �In the early
stages of a growing business,� he affirmed, �you�re sort of starving
in the midst of plenty, because even when orders are booming, an
entrepreneur may not have sufficient income to pay suppliers. So
credit cards can act as a stop-gap or a cushion.�
There�s no argument with the professor about the need for cash
infusions in the early days of a new or expanding business. Last
year there were nearly 1 million business start-ups in the United
States. An incredible 50% of them opened their doors with $10,000 or
less in capital.
However, the professor should have include in his curriculum another
proven method of financing entrepreneurial startups � the use of
trade dollars. Unknown to the professor and many others, too, are
the merits of a good trade exchange with the many ways it can assist
a fledgling operator.
A
new owner who�s able to provide needed products and services to the
exchange�s membership, can instantly borrow trade dollars against
future sales. He then can immediately use those trade dollars to
make necessary improvements or selected renovations, purchase a
myriad of needed merchandise, acquire valuable advertising, even
finance a gala grand opening promotion.
Maximum cash flow is retained because financing charges, the
interest on the trade loan, is payable in trade dollars. The
exchange provides another key benefit, that of greater cash flow
which may be used for paying those necessities � salaries, utilities
and phone bills, as well as suppliers.
Thanks to the trade exchange, cash at this critical time can be used
to build the new enterprise rather than paying the banker. And the
circle is completed when the new owner happily opens the door to the
exchange members, so as to earn as many trade credits as possible to
quickly pay off the trade loan.
Money-Making Reports Available From BarterNews
Have You Ever Considered This?
�Customer relationships are assets that should be evaluated and
managed as rigorously as any financial or physical assets.�
�Paul Cole, author
of Customer Connections: New Strategies For Growth.
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today�s New Age
Of Possibility
There are 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...
www.barternews.com/secondary_capital.htm.
Get New Money-Making Ideas And
Valuable Contacts!
You can
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
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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�
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