Revenue & Cash Flow Both Up For IMS Quarter
International
Monetary Systems� (OTCBB:INLM) first quarter earnings for 2007,
which ended March 31, showed the company processed more than $26.8
million in trade transactions, an increase of 121% over the $12.1
million processed in the first quarter of 2006.
This generated
gross revenue of $3.3 million for the current period, compared to
$1.7 million last year, an increase of 89%. Net cash flow provided
by operating activities totaled $409,601, compared to $235,556 for
the first quarter of 2006, an increase of 74%.
For more
information in IMS go to
www.internationalmonetary.com.
Key
Industry Leaders Attend IRTA Brussels Conference
Provided
to BarterNews by IRTA Global Board member David Wallach.
Brussels, one
of two cities that host the European Union Parliament, provided the
perfect backdrop for the 2007 IRTA European and Global Board
meetings held the weekend of April 20. Both meetings were
coordinated by IRTA Executive Director Krista Vardabash.
The
International Reciprocal Trade Association (IRTA) is an organization
serving the business currency industry (also known as the barter or
trade industry) that enables over 400,000 global businesses to make
the most of their excess business capacities and produce additional
bottom-line profits.
In attendance
were industry leaders from all over Europe and beyond, representing
the Netherlands, United Kingdom, Germany, Hungary, Spain, Poland,
Iceland, Norway, Sweden, Belgium, Turkey, Iran, Canada and the USA.
The IRTA Global
Board was the first to meet under the gavel of Board President Lois
Dale. The Board addressed many issues including dispute resolutions,
new member approval, finances and ethics.
In addition the
Global Board passed important legislation by approving funding for a
grass roots presentation that will be provided to IRTA members to
help better educate the financial and business communities about the
many benefits the industry provides.
IRTA European
Board President Reiner Husemann of EBB Germany chaired their
meeting. Language was not a barrier as Reiner fluently guided the
board members through the business portion of the gathering.
Open discussion followed which was informed and lively. Expanding
European membership, government relations, third party reporting to
tax authorities, and ways to guarantee their business currency were
discussed in detail. Resolutions were passed and committees were
formed and charged to report their progress back to the Board later
this year at the IRTA Convention.
Media Entrepreneur John Kluge Shows �What Goes Around Comes Around�
John W. Kluge,
92, began building his media and entertainment empire in 1947 with
the acquisition of a radio station in Silver Spring (MD). It later
grew to include television stations, outdoor advertising, cellular
telephone properties, and even the Ice Capades and Harlem
Globetrotters.
A German
immigrant, Kluge attended Columbia University on an academic
scholarship, graduating in 1937. Apparently he always felt grateful
because he�s giving a gift of $400 million to the university, to be
used for under-graduate and graduate financial aid. Kluge believes
that helping students today is an extension of the support received
by earlier generations of European immigrants.
Tips On Business Etiquette, Success
In China
A new book by author and business consultant
Ernie Tadla gives valuable lessons on business etiquette and culture
in the Chinese business environment. In �How to Live and Do Business
in China,� he gives rare insight into China�s culture, providing
readers insight about participating in the business environment.
A seasoned Canadian senior manager, Tadla was
Group General Manager for an American marketing communication group
with an all-Chinese staff in Shanghai. In his book, he shares
personal challenges of adjusting and adapting to a different
business culture than he had learned and experienced while working
for Johnson & Johnson in North America.
He learned that what is successful in American
businesses won�t work in China. Tadla said getting to know and
understand China�s business etiquette and culture took Microsoft 12
years, Wal-Mart 10 years, and Tadla himself seven years. His book
simplifies the complexity of learning about the country�s business
differences by breaking them down into eight business lessons.
For more information see
www.odysseychina.net.
Universal Law-Of-Reciprocity Key To Trade Exchange Success
Every trade
exchange owner in the world should not only be aware of the
law-of-reciprocity, but using it, in the operation of their
business.
Trade
exchange owners are invited to e-mail
bmeyer@barternews.com
for more information on how you can become �the exchange of choice�
in your area. When e-mailing Bob Meyer, put �Law of Reciprocity� in
the subject line.
Hotel
General Managers
Here�s
The Easiest $100,000 You�ll Ever
Bring To The Bottomline!
Collect
cash, as usual, from the guest accounts staying at your
facility that require the use of professional AV services.
And rather than shouldering your ongoing employee costs, or
your current vendor�s cash agreement for AV services,
here�s a much better alternative:
Work
with a proven national vendor (a sterling 25-year track
record) who will provide all of the AV services for your
hotel on a 100% TRADE BASIS! (Payment to be in the form of
hotel rooms and/or trade dollars.)
Your hotel�s annual AV billings must be a minimum of $200,000, and this
offer is available only in the continental United States.
For a
confidential introduction contact Bob Meyer via e-mail:
bmeyer@barternews.com.
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
If your
member hotel(s) have a minimum of 10,000 sq. feet of meeting
space and annual billings of at least $200,000 for AV
services this is a great opportunity to earn substantial
cash service fees on the hundreds of thousands of trade
dollars your hotel member will be paying the vendor. Contact
Bob Meyer at the above e-mail. |
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today�s New Age Of Possibility
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