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ITEX Posts 19% Revenue Increase For
Third Quarter 2008
ITEX Corporation (OTCBB:ITEX), a leading marketplace for cashless
business transactions in North America , filed its Form 10-Q with
the Securities and Exchange Commission and announced the results for
its 2008 third quarter ended April 30, 2008.
are pleased to report a 19% revenue increase for the third quarter
compared to the same quarter last year,� Chairman/CEO Steven White
pointed out. �EBITDA increased 14% for the third quarter and 10% for
the nine month period compared to the same period last year. Due to
timing differences in our operating cycles this period over the same
period last year, net cash from operations was reduced by $372,000
as a result of an additional commission and payroll payment made
White continued, �Corporate salaries, wages, and employee benefits
increased over last year in dollar terms, however, these expenses
declined slightly as a percentage of revenue. SG&A increased
primarily due to an increase in bad debt expense, and to a lesser
extent, legal and other fees associated with the unsolicited tender
offer. We also expanded our headcount and increased costs associated
for revenue generating activities.
"With economic uncertainty and a weakened business climate, we
believe that our cashless transaction model and trading community is
becoming more attractive to budget-conscious businesses. We are
pursuing initiatives, including regional and national partnerships
and search engine optimization, to maximize new member registrations
and are seeing positive results from our ongoing efforts.
addition, we are optimistic that our utilization of investor
relations and financial advisory services will provide greater
visibility for ITEX in the institutional financial community and
will lead to new strategic alliances that are expected to continue
to expand our marketplace.�
more information go to
IMS Barter Unveils New Trading
International Monetary Systems (OTCBB:INLM), a worldwide leader in
business-to-business barter services, announced the launch of
several newly developed online modules that provide unprecedented
information and access to its North American barter network.
modules, launched under the domain
include a new online barter e-commerce platform for members to buy
and sell goods with IMS trade dollars, a �Try It� feature that
enables non-members to view member information before joining, and a
�Watch How It Works� instructional four-part web video.
discussing the additions, CEO Don Mardak disclosed, �Our new online
barter marketplace enables B2B barter e-commerce like never before.
Quite simply, it is the largest online marketplace for goods that
are available for 100% IMS trade dollars.
�Member businesses can post their goods for sale just as they might
on other popular e-commerce sites such as e-Bay and
They can also search and purchase goods from the network using their
IMS trade dollars � all online, all barter, all B2B. We are
confident that the new marketplace will create another invaluable
link to promote how IMS saves cash and attracts new customers for
our 18,000 business members.�
Simultaneous with the launch of the new marketplace is a
revolutionary feature that enables non-members to view member
information. Krista Vardabash, IMS� Director of Marketing,
reflected, �The barter industry has typically been very guarded with
the sharing of member information; yet it is that very information
that measures the value of the barter network. With our �Try It�
feature, people interested in joining IMS can get an idea of the
member businesses with which they can trade in their immediate area,
or across the continent.�
Additionally, a four-part web video that explains how IMS helps
businesses save cash, attract customers and increase sales, will now
be accessible online. �The direct barter concept is easy for
businesses to understand, while modern-day barter through IMS is
much more dynamic and offers several layers of benefits,� said John
Strabley, IMS� Executive Vice President. �The �Watch How It Works�
video series is another tool that explains the value of the IMS
barter network in a clear, concise way.�
more information visit
Offset Fund Established
By NBK Capital
Capital, one of the leading regional investment banks in Kuwait, has
successfully launched the Kuwait Investment Opportunities Fund with
assets under management of $125 million.
Fund is focused on investing in private equity opportunities in
Kuwait and is approved by the National Offset Company (NOC) as a
vehicle for foreign contractors to fulfill their offset obligations.
The investment strategy is to focus on private equity investments in
high-growth sectors such as education, healthcare, manufacturing,
and technology within the State of Kuwait.
While mainly investing in growth capital, the Fund will also
participate in specific early-stage opportunities that offer a
favorable risk/return profile. In addition, it will actively pursue
opportunities that will further the NOC�s objective to cultivate
social, economic, and technological developments for Kuwait.
Fund will enable foreign contractors to transfer the burden of
arranging their offset obligations to NBK Capital, relieving them of
the requirement to invest resources in identifying, analyzing,
operating, monitoring, and eventually exiting offset business
Capital has assembled a highly professional team skilled in the
structuring of complex financial transactions with in-depth
knowledge of the legal, administrative, and market specifics of
Offset, as a form of counter-trade, resembles a compulsory
commitment requiring transnational corporations that receive large
government contracts to carry out an investment scheme as a
prerequisite to a winning contract. Offset programs are a common and
a growing feature of worldwide government procurement contracts,
both military and, to a lesser extent, civilian, as about 60% of
countries with military offset programs impose offset obligations on
civilian contracts as well.
Offset has started and become widely applicable in the advanced
countries, which accounted for a majority of the value of the global
offset contracts; then it was extended to the developing countries
and economies in transition. The average offset obligation reached
around 100% of the value of the supply contract in Europe, and
around 60% in the rest of the world. By comparison, Kuwait imposes
an offset obligation of 35% of the monetary value of the supply
Direct Offset projects:
offset investments made by the foreign contractors in areas relating
to their core competencies, or to benefit the beneficiary government
entity. It has proven particularly useful in developing local
suppliers, transferring to them the technical and managerial
know-how on a sustained basis and in a cost-effective manner.
Indirect Offset projects:
offset investments made by the foreign contractors, or third
parties, in areas unrelated to their contracts. They include
maintenance, training, marketing, and technology transfers. It
provides an opportunity to diversify the domestic economic base.
Money-Making Reports Available From BarterNews
Barter�s Used In Various Creative
Ways In Competitive Marketplace
George Lucas� company Lucasfilm is quietly negotiating a huge barter
deal that will see one company having the toy manufacturing rights
to a new series of his upcoming films. Offers reportedly approaching
$1 billion are on the table with Lucas getting a sizable equity
(ownership) stake in the toy company with which he eventually
� Millions of
�in-kind� computer equipment and other technology donations will be
made by Intel Corp., to universities nationwide, over the next three
years. (The donations, valued at retail prices, help popularize
machines that use Intel chips.)
This type of trade is a typical win-win situation. Intel gets tax
deductions as well as very positive publicity, in exchange for
assisting the universities with needed equipment.
Fair is fighting the growing competition of magazine advertisers
by constantly searching for ways of luring advertisers to their
corner. Their latest barter twist involves a sister publication, a
nationwide chain of weekly business tabloids which is going to
publish a special magazine called Businesses to Watch that
will feature top-line investment information on publicly traded
barter deal is this � each participating company, placing a minimum
of two national ads in Vanity Fair, gets a bartered article
about the company and its investment opportunities in the new
business startups are increasingly looking toward �angels,� rather
than venture capital companies, for money. These angels are
millionaires�many of them young, former technology executives.
Energetic, experienced and cash rich, they help finance and guide
the next generation of Microsofts and Netscapes. In addition to
supplying money, angels will often trade their expertise by
consulting (for fees of $3,000 a day) and always will collect their
payment in the form of company stock.
� Two major
auto suppliers, Eaton Corp. and Dana Corp., traded entire businesses
recently. Dana got Eaton�s axle and brake business in exchange for
Dana�s clutch business.
Experts say it�s a sign of how globalization is reshaping suppliers,
forcing them to become more specialized to meet various automotive
standards in different countries.
Work With Audio/Visual
Vendor On Barter
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
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
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.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant�s sales & profits.
Our Web Site Has A Search Tool For You
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today�s New Age Of Possibility
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...
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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