March 23, 2004
by Bob Meyer, Editor of BarterNews
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Swap Promises To Drive More Advertisers To Newspaper
The daily Houston
Chronicle is working with local retailers putting new products on an auction
web site for one to two week period. The auction and various items will
be promoted in a printed insert of the newspaper.
The paper will receive
the proceeds from the auction, which is free for retailers with biddable
items. Winning bidders pick up their items at the retailer's store.
Based on the retail
value of the items sold, the retailer then earns ad credits that
can be used toward payment for print or online advertising in the paper.
CityXpress is the
supplier of the auction and online section to the Houston newspaper. The
Vancouver-based company has signed with 65 newspapers to stage auctions
New Money-Making Ideas And Valuable Contacts!
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Commerce Reports Big Trade Volume Increase
Bentley Commerce (OTCBB:BLYC)
reports that in February, its second month as an operating company, they
processed $5.28 million in trade volume and earned $15,000 in trade fees.
Bruce Kamm, Bentley's
CEO, says the dramatic 164% increase in trade volume (from $2 million
in the company's first month) is a result of the new exchanges brought
online, coupled with an increasing number of corporate trade transactions.
"We believe the
tremendous growth in trade volume is a clear indication of how our online
trading system can grow exponentially, and (underscores) the potential
we have for future cash revenues," Kamm explained.
Bentley is now negotiating
with nine large exchanges that have about 10,000 members, to join the
34 independent trade exchanges now using the VirtualBarter 3.0 Software
and management system, which handles barter transactions for approximately
9,500 small to midsize companies. For more info: www.bentleycommerce.com.
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Barter Business Launches Operations In Switzerland
Reiner Husemann, CEO
of EBB-Euro Barter Business, has announced that the trade exchange network
with offices in Germany, Belgium, Bulgaria, Czech Republic, Great Britain,
Romania, Turkey, the Caribbean, and USA, has now opened a branch in Switzerland.
The new office is
located in Zurich, under the direction of franchisee and general manager
Mr. Jorg Oggenfuss. Husemann says an additional five branches will be
opened in Switzerland this year.
The barter business
in Switzerland has a historic tradition, in that the largest trade exchange
in the world, WIR Bank, is located in Basel. (WIR has 87,000 accounts
and an annual trade volume of approximately $3 billion in USD. Reportedly,
more than 20% of small and medium-sized businesses in Switzerland are
members of WIR.)
According to Husemann,
EBB-Euro Barter Business will open the Swiss market for international
barter transactions via the EBB-International Clearinghouse. For more
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Says Education & Policies Are Key To Today's Outsourcing Anguish
Federal Reserve Chairman
Alan Greenspan spoke this month at Boston College and, succinctly, gave
his input on one of the hottest issues in this presidential election year.
In his March 12 address,
he noted the U.S. has been challenged over the years by lower-cost nations
(Japan in the 1950s & '60s, Mexico in the 1990s), but ultimately both
our businesses and workers retooled to drive new economic gains.
Greenspan warned that
erecting trade barriers to staunch the flow of jobs overseas would eventually
damage the U.S. economy, stifling the innovation and competitive spirit
that has brought long-term prosperity.
According to Greenspan,
the way to address dislocations is to expand access to education as well
as to pursue policies that open additional global markets. "It's
the strategy the U.S. has followed successfully for most of the past century,
and a strategy that we now should embrace with renewed commitment."
Note: Charlene Barshefsky, an Asian expert who served as U.S. trade representative
under President Clinton, says 60,000 engineers graduated from U.S. colleges
in 2002. However, China and India, the Asian giants that together hold
one-third of the world's population, graduated 300,000 that same year.
backing up Greenspan's suggestion of pursuing policies to open additional
global markets, Secretary of State Colin Powell is lobbying India to open
its market to more U.S. exports. Last year trade between the two countries
totaled $18 billion.
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- ITEX (OTCBB:ITEX)
has announced the results of its annual meeting of stockholders held
March 15 at its headquarters in Bellevue (WA). The newly elected board
members are: Steven White, ITEX CEO and interim CFO; Eric Best, CEO
of MorseBest Innovation; John Wade, CFO of Aptimus Corp.; and Alan Zimmelman.
Steven White was
appointed Chairman. John Wade was appointed Secretary and Treasurer
for a second term. The board receives no cash remuneration for their
service other than reimbursement of expenses, but will be given 40,000
shares as board compensation.
- Homestore Inc.
the biggest online home-listings company, received final court approval
for its $91-million barter settlement of a shareholder lawsuit brought
by the California State Teachers' Retirement System. Homestores is providing
20 million new shares as reparation in the settlement.
BingoTV, a new
channel on the Dish Network, lets players win prizes during a live
two-hour broadcast each Wednesday evening. Rather than airing traditional
30-second TV spots, a youthful trio describe the items for which viewers
The prizes are
products from various companies (Southwest Airlines travel, Carnival's
cruises, Microsoft Xboxes, etc.), which are exchanged with BingoTV
for what is tantamount to an infomercial.
- NATE (National
Association of Trade Exchanges) is offering its members of five or more
consecutive years to bring one free attendee when they bring one paid
attendee to this year's Las Vegas convention in September. (Members
of ten years or longer will get two free attendees when they pay for
two.) For more information: (440) 205-5378.
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- U.S. online retail
sales for the fourth-quarter 2003 were $17.2 billion, up 25% from the
year-ago period, according to the Census Bureau of the Department of
- Bentley Commerce
Corporation (OTCBB:BLYC) has appointed its first eight corporate trade
brokers. The company's goal is to build a worldwide network of independent
brokers who will channel potential transactions to its Corporate Trade
- Investors poured
$43.76 billion into stock mutual funds in January, more than triple
the $14.18 billion inflow in December, and the largest amount for any
month since the bursting of the stock market bubble in early 2000. Many
experts believe stocks should continue to rise through 2004, an election
year, if bond yields and short-term interest rates remain stable.
business for the U.S. economy is more important than ever before.
Today 25% of U.S. output is dependent upon international trade. U.S.
exports that supported seven million U.S. workers a decade ago, have
almost tripled to over 20 million workers.
Stat LLC, a Santa Monica-based firm that tracks mergers and acquisitions,
reports that there were 233 world-wide reverse mergers into public
shells in 2003...up from 160 in 2002. Year to date reverse mergers