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April 17, 2012

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 04/17/2012

Barter Exchange Software By NexTrade360

Kent Scrivener of NexTrade360, a management system of barter exchange software, invites trade exchange owners to view their offering of lower monthly user fees.

For more information click here

Scamming Of Timeshare Owners Thriving

When times 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.

Don’t be 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 located.

Millionaire Ranks Expanding Worldwide With Asians Leading The Pack

Consulting 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!

According 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

Some 47% 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.

Despite 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 …

·         In June 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.

·         A driver’s 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 businesses.

All back issues of "From the Desk...” can be accessed by clicking here.

(Please feel free to forward our newsletter to your friends and colleagues. We have a “box” at the end of the newsletter for your convenience. See you next week. . .)

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 approximately 87.5%.

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 stock).

Questions concerning the tender-offer may be directed to Investor Relations of ITEX Corporation at 800-277-9722, extension 4017. 

For more information on ITEX click here

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.


An International Vacation For Very Little Money

A 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 entertainment.

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 daily.

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 full.

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 cruising today.


* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


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 not” phenomenon:

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 busy!

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 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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We welcome your comments, questions, and observations.

© Copyright BarterNews 2012. Redistribution of BarterNews content expressly prohibited without the prior written permission of BarterNews.
 

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