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May 29, 2007

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer...05/29/07

Meals For Additional Parking

Elmer’s Diner, an 80-seat busy diner in Danbury (CT), has only a 22-space parking lot. Patrons are forced to park on the busy highway in front of the diner. Consequently, they lose business because of the congestion.

They recently concluded a barter deal with the owner of an office building across the street, which will provide the diner additional parking space in exchange for meals (scrip) at the diner. Elmer’s now offers a valet parking service.

Barter Reaps Handsome Payoff For Mets Third Baseman

New York Mets’ third baseman David Wright enjoyed an unexpected bonus recently when Coca-Cola bought a company that produces vitamin-water drinks.

When Wright signed on to endorse Glaceau’s flavored-water brands, he opted for a 0.5% share of the company instead of cash. When the company was sold for $4.1 billion, Wright’s stake was about $20 million.

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. . .)

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

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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