April 17, 2012
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Barter Exchange Software By NexTrade360
Scrivener of NexTrade360, a management system of barter
exchange software, invites trade exchange owners to view
their offering of lower monthly user fees.
Scamming Of Timeshare Owners Thriving
are tough a lot of former timeshare buyers want to become
sellers. And there are plenty of scam artists posing as
timeshare owners wishing to sell. They will pocket the
upfront fees, as much as $5,000 in some cases, but fail to
provide anything in return.
pressured into paying fees upfront. Structure it so the
agreed upon fees are deducted from the actual sale. And
remember, to finalize a timeshare sale requires a real
estate broker licensed in the state where the timeshare is
Millionaire Ranks Expanding Worldwide With
Asians Leading The Pack
firm McKinsey & Co. expects the number of rich people in
Asia to rise 14% a year through 2015, compared with a 4%
growth in Europe and a 5% growth in North America. Led by
India and China, Asia’s millionaire ranks rose 10% to 3.3
million in 2011, just behind the 3.4 million in North
America and ahead of Europe’s 3.1 million, according to the
Merrill Lynch/Capgemini Asia-Pacific wealth report.
America’s Leading Export Is ... TRASH!
to the Journal of Commerce, trash has become America’s
leading export, i.e. mountains of waste paper, soiled
cardboard, crushed beer cans and junked electronics. At 7.1
pounds of trash per day, each U.S. citizen is on track to
produce a staggering 102 tons of waste in an average
lifetime. (The average Dane generates four pounds of trash
daily, and the Japanese produce 2.5 pounds per person.)
Small Business Owners Report More Stress
of small business owners fear losing their companies
altogether, according to a new survey by small business
insurer Hiscox USA. Fear of losing a business is second only
to fear of losing customers among entrepreneurs. A third of
these owners say they’re averaging 10 hours of work per day.
increased stress, 69% said they feel mentally prepared to
tackle the businesses challenges of the year ahead, and 57%
said they expect their businesses to grow in the coming year
— even though only 15% think the economy is recovering.
Here & There …
2008, solar-panel manufacturers looked poised to conquer the
world. The 12 largest companies had a combined market value
of about $70 billion, according to Sanford C. Bernstein.
Today they are worth about $6.4 billion. And front-runner
companies don’t always end up dominating their field — First
Solar was solely worth more than $20 billion in 2008, today
they’re worth less than $2 billion.
license in Japan costs $2,000, one of the major reasons why
Japan’s automobile-sales market is shrinking.
About 84% of gas stations in the U.S. (92,100) have
convenience stores, with overall profit margins reportedly
only 2% of all revenues. It is the major reason for a 30%
increase in defaults in California, Arizona, and Nevada over
the past two years, according to FedReceiver Inc., a Los
Angeles firm that specializes in taking over distressed
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ITEX’s Tender-Offer A Big Success
ITEX Corporation (OTCBB:ITEX) has announced the preliminary results
of its tender-offer to purchase up to 1,000,000 shares of its common
stock at a price of $4.20 per share, which expired at midnight, New
York City time on April 13, 2012.
Based on the preliminary count by OTR Inc., the depositary for the
tender-offer, approximately 1,226,253 shares of ITEX’s common stock
were properly tendered and not withdrawn. In accordance with the
terms and conditions of the tender-offer, ITEX expects to acquire
1,072,827 shares of its common stock at a price of $4.20 per share,
for an aggregate cost of $4,505,873, excluding fees and expenses
relating to the tender-offer.
The total number of shares expected to be purchased includes an
additional 72,827 shares purchased pursuant to ITEX’s right to
increase the number of shares purchased by no more than 2-percent of
its outstanding shares, without amending or extending the tender
offer. The shares expected to be purchased in the tender-offer
represent approximately 26.5% of ITEX’s currently outstanding common
shares (including shares of unvested restricted stock).
Since the offer was oversubscribed, the number of shares that ITEX
will purchase from each tendering shareholder will be prorated.
Based upon the preliminary count by the Depositary of shares
tendered, ITEX estimates that the proration factor will be
As of March 15, 2012, ITEX had approximately 4,040,925 shares of
common stock outstanding (including approximately 399,584 shares of
unvested restricted stock). After giving effect to the results of
the tender-offer, ITEX expects to have approximately 2,968,098
shares of common stock outstanding (including unvested restricted
Questions concerning the tender-offer may be directed to Investor
Relations of ITEX Corporation at 800-277-9722, extension 4017.
more information on ITEX
Is Your Trade Exchange Missing Out On
Valuable New Business?
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.
your barter company’s listing up-to-date?
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:
make changes to your listing
An International Vacation For Very Little Money
super value (buy) for an international vacation is now available in
the marketplace. Cruise deals are available for as little as $50 a
day per person for comfortable well-maintained accommodations with
maid service, 3 meals daily, plus shipboard activities and nightly
Cruise trips are a super bargain and the ship lines can provide
outstanding value because of the efficiency with which they deliver
their service. For example, the typical cruise ship has teams of
room stewards, chefs and waiters working 7 days a week to clean
1,000 cabins per day and prepare and serve three or four meals a day
to 2,000 passengers.
When the ship sails from the port of departure, they know exactly
how many meals will be served for the entire cruise and the ship has
been provisioned accordingly. Every cabin, table and employee is
fully utilized, every day. That’s much more efficient and less
wasteful than the system land-based hotels and restaurants that must
employ to serve a much smaller group of customers who vary in number
As ships have gotten larger and cruise lines have grown into
billion-dollar enterprises, feeding and transporting more than 15
million passengers every year, the cruise lines’ huge buying power
has reduced their costs for everything consumed on the ship. Plus,
larger ships and show lounges spread the cost of entertainers, the
captain, officers and cruise director over more people.
And unlike airlines and hotels that accept empty seats and rooms
during slow periods, cruise lines will do whatever it takes to sail
All lines, except the four 6-star cruise lines, will slash prices as
low as they need to in order to fill every cabin. Even the 6-star
lines are now offering discounts that were once unheard of.
They do this for two reasons. First, on most lines, a significant
percentage of the crews’ compensation comes from gratuities — and
there are no gratuities from empty cabins. Second, venues such as
casinos, spas, boutiques, photography studios, and excursion desks
are completely dependent on onboard purchases, which of course are
directly related to the number of people onboard.
All of this has resulted in the best bargains ever for people
I’m OK ... You’re Not
Do you judge other people’s behavior more harshly than you judge
your own? Here is one person’s humorous take on the “I’m OK—you’re
Isn’t it funny that when someone else takes a long time to do
something, she’s slow. When I take a long time, I’m thorough!
When someone else skips a task, he’s lazy. When I skip one, I’m
When someone else takes on a duty without being told, she’s
over-stepping her bounds. When I go ahead and do something without
being told, I have initiative!
When someone else states his opinion strongly, he’s bullheaded. When
I state my opinion strongly, I’m firm!
When someone else overlooks a few rules, she’s irresponsible. When I
let a few rules slide, I’m doing my own thing!
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
There are many forms of secondary
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