March 30, 2004
by Bob Meyer, Editor of BarterNews
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Monetary Systems Purchasing California Barter Exchange, Continuing
West Coast Expansion
Monetary Systems (OTCBB:INLM) has signed a definitive agreement
to purchase the assets and client base of California Barter Exchange
(CBX), a well-known trade exchange serving clients in Modesto, Fresno,
president and CEO of IMS, affirmed, "We are most pleased to
announce a strategic acquisition which will enhance the bartering
activities of our Continental Trade Exchange (CTE) members in Sonoma
County, Sacramento, Brentwood, the East Bay area, Silicon Valley
and the Central Coast regions of California."
The 1,000 CBX
members will complement IMS' operations, giving them a Northern
California client base of approximately 3,000 clients, and a total
CTE client base approaching 7,000. For more information: www.internationalmonetary.com.
Note: The above announcement was printed in the prestigious Barron's
this past weekend.)
Enrolls In Investrend Research's Analyst Program
Monetary Systems has enrolled in Investrend Research's unique professional
analyst program, which facilitates independent financial coverage
for shareholders and investors in companies that otherwise would
have little or no analyst following.
On March 22,
IMS (OTCBB:INLM) advanced 17.65% on volume of 60,700, almost twice
its average of 34,946, to close at $1.00. The 52-week high was $1.12.
Build Rapport & Empathy With Your Client Base!!
The most powerful
marketing tool in the barter industry, The Competitive Edge
newsletter, is all ready for your use...no work is needed! Click
And Ebay Strike Working Agreement
Years ago ITEX
began offering co-op advertising opportunities to its membership.
Given that most small businesses fall far short in this important
endeavor needed to build and expand one's business, such advertising
support, offering up to $16,250 in co-op funds, is a valuable member
Now ITEX, in
an effort to create a greater currency awareness, is again thinking
outside the box. Moving forward to create a strategic alliance with
eBay, ITEX has begun offering products on eBay auction that can
be purchased with ITEX trade dollars. (Go to: www.ebay.com and type
in "ITEX" in the search field.)
Dates and location
for the ITEX National Convention have been announced: May 24 through
27 at the Tradewinds Resort in St. Pete's Beach, Florida.
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
Julie Groenwald Music Is The Love of My Life Award
to BarterNews by Krista Vardabash, Executive. Director
and Julie Groenwald
A few weeks
ago, some of you received my report (seen below) of the musical
tribute - “Julie’s Scrapbook: A Musical Tribute to the
Life of Julie Groenwald”. I am saddened to report that Julie
Groenwald, Susan’s daughter, passed away last night, March
28th. An end to a short, but brave and painful battle with cancer.
As a final
tribute, the Groenwalds have announced the creation of “The
Julie Groenwald Music is the Love of My Life Award”.
In lieu of cards or flowers, they request contibutions to this award.
The award will be given to a musical student whose career, like
Julie’s, exemplifies professionalism and passion for music.
whatever amount you can so that Julie’s spirit will continue
to give the gift of music and performance that she gave to so many
during her life. Just respond to me via e-mail and I will be in
touch with you (firstname.lastname@example.org).
We will forward the donation to the Groenwald family in the name
of the barter industry.
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Tape, High Taxes Plague Europe's Growth
leaders pledged in Lisbon four years ago to turn the trade bloc
into the world's most competitive economy by 2010. But bureaucracy
and high taxes are still holding back economic growth and stifling
trillion economy has lagged behind that of the U.S. for 10 of the
last 11 years, and the EU predicts it will do so for the next two.
Taxes average 43% of wage income, compared with 30% in the United
research and development is about two-thirds that of the U.S. and
Japan. About 1 in 20 Europeans set up a business compared with 1
in 10 Americans. In setting up shop, it takes a European entrepreneur
45 days to collect all permits, while their U.S. counterparts need
and acquisitions (M&A) gap between Europe and the U.S. is as
wide as ever. Bids on 2,000 European companies worth $180 billion
have been announced in the last six months, lagging behind the U.S.
figure of 3,350 deals valued at $250 billion.
barter company in the world is listed on our web site,
click through to our Global
List of Barter Companies.
Concerned About $1 Billion Leak
chains are now addressing a problem which surfaced after they haphazardly
built an Internet sales pipeline. In essence, they began doing business
with third-party web sites in the late 1990s under deals that were
too favorable to the web sites.
routinely pocketed 25% to 40% of the money collected from each sale,
much more than the 10% commission traditional travel agents receive.)
Aim To Get More Bookings Via Incentives & Discounts
Hotel are focusing
to get more customers to their own sites in a variety of ways, as
online hotel bookings are increasing faster than any other segment
of Internet travel. The hotel industry would have earned an extra
$960 million in 2003 had sales through third party web sites been
processed at traditional agency rates, and even more if customers
had booked at hotel-owned web sites. So several strategies are now
being used to close the leak:
1. Hotel chains
are removing perks when guests belonging to their incentive clubs
book on sites other than their own.
2. To lure people
away from sites such as Hotels.com and Expedia.com, several chains
are offering incentives and discounts. The most common offer is
a guaranteed lowest price at the brand site.
shows this combination of tactics may be working. Of the 27 million
rooms booked in 2003's fourth quarter, 39% occurred at hotel-owned
sites, compared with 37% for the same period a year ago, according
to an analysis by Thomas Weisel Partners.
you haven't read the current issue of BarterNews, get
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- Steve Webster's
Alliance Barter got an excellent testimonial in the local Democrat
and Chronicle which interviewed Bob McJury, co-owner of TLF Graphics.
In the article, McJury said his bartering efforts through Alliance
not only provided him with access to 2,000 customers "we
ordinarily wouldn't have called on, but it brought us $150,000
in new business."
- The U.S.
tourism industry is making a recovery. Total 2003 sales climbed
3.5% to $722.1 billion, the highest since $737.2 billion in 2000,
according to a Commerce Department report.
- Women's cable
network Lifetime has acquired the exclusive cable rights to "Frasier,"
which will end its 11-year network run on NBC this season. Beating
out bids from Turner Broadcasting, MTV Networks and Oxygen, Lifetime
landed "Frasier" for about $600,000 per episode as well
as a barter exchange that gives the program's distributor,
Paramount Domestic Television, 90 seconds of ad time per day.
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Tuesday Report every week? If not, go to the top of this
issue (right hand corner) and
- The IPO (initial
public offerings) market is off to its best start since 2000.
So far this year there have been 32 IPOs of stock, up from just
five during the same period last year.
If you think the
U.S. IP0 market is tough, take a look at Germany. Last week,
the country was supposed to have its first IPO in nearly two
years, but Germans will have to wait a bit longer to break the
drought as the offering was canceled citing poor market conditions.
evalues.net (www.evalues.net) processed trades totaling $57.7
million in 2003.
idea to boost its business has been offered by real-estate auction
house Sheldon Good & Co. The Chicago-based firm has set
up a $250 million fund for real estate sellers who want an advance
on the properties they plan to auction off.
are eligible for a minimum loan of $500,000 which is secured
by their real estate. So far $40 million in such loans have
been made, with another $100 million in the pipeline.
giant consumer market continues to grow, as a recent report
from General Motors shows. They reported earning more than $500
million, or about 40% of their worldwide automotive profit,
last year in China...selling 400,000 cars and trucks to a rising
class of Chinese with money in their pockets. GM's CEO Rick
Wagoner, 51, says China may even emerge as a larger car market
than the U.S. in his lifetime.
In its continuing
effort towards openness, China's Communist Party decreed constitutional
protection this month for private property. And in 2006 the
nation will open its financial system to full participation
by foreign banks and investment houses.
50.9 million international visitors came to the U.S., a number
that's dropped steadily since then to 40.2 million last year.
The Travel Industry Association of America says foreign visitors
will increase by about 5% this year, reaching 42.2 million.
both commercial and residential, is nearly a $1 trillion-a-year
industry, according to the Commerce Department. It's now a major
component of gross domestic product—8.2% of GDP in 2003.
lodging analyst Bjorn Hanson says the growth in the number of
hotel rooms nationwide will lag behind demand significantly
this year, as fewer new rooms come online than usual. The growth
in demand will outpace supply by more than 2-to-1 in each of
the five hotel segments, with the largest disparity in the upper-upscale
category where demand will rise by 5.4% this year but supply
will increase by 1.3%.