June 1, 2004
by Bob Meyer, Editor of BarterNews
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Great Week For ITEX
Trade Exchange's 22nd International Convention was held in St. Petersburg
(FL) May 24 - 27. "Catch The Fire" was this year's theme
as ITEX CEO Steven White welcomed 130 staff, franchisees, and independent
licensed brokers for the four day event. One which, according to
White, "focused on ways for ITEX to build greater market share."
VP of Operations, reports that ITEX plans to aggressively grow its
existing broker offices through sales incentives and acquisitions
of competitors in its current marketplace. Over $300,000 in cash
was distributed among 75 brokers for trade volume increases and
sales performance incentives at the convention.
On Friday, May
28, the day after the convention closed, ITEX stock (OTCBB:ITEX)
traded almost a million shares (as well as trading at its 52-week
high) increasing in value by 80% for the week. For more information:
off the press, BarterNews issue #62 is now available!
Get yourself a copy now! Orders are shipped within two business
days. (Click on Order Form.)
Antonio's Alamo Barter Aids Local Chamber Of Commerce
The North San
Antonio Chamber of Commerce has 1,400 members, one of the largest
chambers in San Antonio. But they're not resting on their laurels.
The Chamber has just formed a strategic alliance with 23-year-old
Alamo Barter—the largest barter firm in Texas—with the
goal of improving their event funding programs. A focused campaign
will begin immediately.
VP Victor Castano explained, "The Chamber will reap the benefits
of both greater financial strength and support of its initiatives,
in addition to providing an opportunity for its members to support
the organization's growth and influence by providing items that
can be traded during fund-raising events. And," he added, "using
Alamo's promotional, marketing, and advertising availabilities will
also enable the Chamber to gain greater exposure for its many events
Build Rapport & Empathy With Your Client Base!!
The most powerful
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newsletter, is all ready for your use...no work is needed! Click
You Thought 1994-1999's Internet Explosion Was Exciting... Just
Most of us
are aware of, and have possibly used, WiFi the wireless protocol
that transmits internet signals as far as 300 feet to provide "hot
spots" at coffee shops, airports, and hotels as well as for
personal networks at home.
Well, in the
not not-too-distant future WiFi will be replaced with WiMax...a
brand new technology that sends signals up to 30 miles. It's been
referred to as WiFi on steroids!
It'll be the
tool to deliver internet access to remote or underdeveloped areas
of the world, ones that don't even have telephone service. Think
of the incredible possibilities and opportunities that will unfold.
the broadband wireless era-will bring the next 5 billion people
to the Internet, as our world continues to evolve and change!
Reports On Jon Huntsman's Barter Successes
Another Story Of The Biggest &
The Best That Use Barter
A recent issue
in online magazine Forbes.com
ran an article on the barter efforts of billionaire Jon M. Huntsman.
It reported that in the early days his company, Huntsman Container,
was able to survive only because of a barter transaction. During
the OPEC oil embargo in 1973, he traded ethylene to get polystyrene
which was needed for manufacturing the "clamshell" containers
that Huntsman sold to McDonald's...to house the "Big Mac."
has a net worth of $2.5 billion, and is the majority owner of the
largest private chemicals company in the world. Huntsman attributes
his barter endeavors to the subsequent growth and expansion of his
barter that gave me the idea of getting into the chemical business
instead of staying strictly in packaging, it opened the door to
us of a whole new world we had never seen before. Through bartering,
we learned an entire new industry.
the names of products, who produced what, and how terribly bureaucratic
and unknowledgeable these big chemical companies were. They didn't
know what products they needed or which ones they had on hand. We
always seemed to win on each barter deal. In fact, we had never
made so much money so fast."
In the eight-month
period of the OPEC oil embargo, Huntsman made $5 million through
his barter organization called Huntsman Trading. He used part of
the money to increase his ownership in Huntsman Container to 60%
up from 40%. With the remaining $3 million, he began to participate
in the business in which he now excels—the petrochemical markets.
is planning to raise billions through a public offering or a merger
in the near future, and then use the proceeds to fund his charitable
barter company in the world is listed on our web site,
click through to our Global List of
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
- The story
of WiMax technology, earlier in this issue, shows technology's
relentless march forward. Another interesting development is the
government's recent announcement to build a record-setting supercomputer.
The Oak Ridge National Laboratory project, where they will be
installing a Cray system in 2006, will have a capacity for
100 trillion calculations per second...increasing to 250 trillion
continues its expansionary efforts, according to CEO Gary Lasater,
as over 7,000 business accounts have been imported from seven
independent exchanges over the past three months. For more information:
you signed up to receive a summary via e-mail of the
Tuesday Report every week? If not, go to the top of this
issue (right hand corner) and sign up!
- A random
survey, commissioned by AT&T and conducted by Hart Research
Associates, shows that 88% of people interviewed said that if
they could have only one communications gizmo, it would be a phone.
When asked what means of communication they'd used in the past
10 days, 99% responded the phone and "snail (postal) mail"
came in second at 83%. (The survey did not distinguish between
cellphones and home or office phones.)
- The world's
most populous country is also expected to become its #1 travel
destination. According to the World Tourism Organization, China
will surpass current leader France within six years. (Last year
China had 37 million foreign arrivals, compared with France's
is pushing tourism on a more massive scale. Beijing won its
bid to host the 2008 Olympics, and Shanghai will hold the World
Expo in 2010. In the '90s, international visitor arrivals to
China increased by 11% a year, while global tourism grew by
4.3% a year. However, over the next decade, the World Tourism
Organization anticipates total arrivals of business and leisure
travelers to China will grow 22% annually.
retirees who are 67 years old have a median wealth of $448,000
(2003 dollars). Of the 77 million baby boomers, those born from
1946 to 1955 are expected to retire with assets of roughly a
third more than that, or $589,000, according to a study by the
Urban Institute, a Washington think tank.