[include_top2.htm]
 
Google
Web www.barternews.com
June 15, 2010

Written by Bob Meyer, Editor of BarterNews

We Want You To Know...When you sign up to receive the FREE weekly Tuesday Report announcement your e-mail address will never be sold, traded, or given to another party.


Please Note: We receive e-mails from people who have signed up for the Tuesday Report, and then tell us they’re not receiving our weekly announcement. In most cases this is because they’re blocking unwanted e-mails.

To ensure that our weekly Tuesday Report e-mail announcement reaches your mail box, we suggest you add bmeyer@barternews.com to your address book or safe sender list.

If you are a frequent visitor to our site we suggest you hit the “refresh” button from time to time as we add information to our site several times a week.


From the desk of Bob Meyer... 06/15/2010

Americans Slowly Rebuilding Wealth

American households’ net worth is inching back. But economists say it’ll be 2012 or 2013, at best, before Americans’ wealth will return to pre-recession levels. Net worth — the value of assets like homes, bank accounts and investments, minus debts like mortgages and credit cards — now amounts to $54.6 trillion. The pre-recession net worth peak was $65.9 trillion.

IMS Appoints Treasurer/CFO

International Monetary Systems has appointed David A. Powell as Treasurer and Chief Financial Officer. Powell is a CPA with 10 years experience in public accounting and more than 15 years experience in a variety of senior financial positions with a number of companies.

For more info on IMS click here.

Unique Promo For Spurring On Salespeople

For larger companies, playing-card decks can be customized with the face of different people within your organization. Imagine the trophy value of a deck of cards using pictures of the top salespeople, with a couple of jokers thrown in. This is one keepsake they would never throw away!

Company card decks are available through Corporate Incentives at (607) 724-6941.

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 Reports 2010 Third Quarter Earnings

Results for ITEX’s fiscal 2010 third quarter ended April 30, 2010. The financial statements for all periods presented have been adjusted to reflect the 1:5 reverse-stock split effective May 3, 2010.

“We executed quite well in the third quarter and I'm pleased to recognize gains in revenue and income from operations compared to last year’s third quarter,” confirmed Steven White, Chairman and CEO. “Revenue growth was primarily due to our media and web services initiatives, which also provided the benefit of additional transaction opportunities for our members. Income from operations increased as a result of revenue growth and a reduction in depreciation and amortization expense. Our increased cash position reflected our operational income.”

White continued, “Revenue from our core business remains steady and our cash flow strong. With our stable financial footing, we will continue to focus our efforts on organic growth, enhancing our internet and web services platforms and creating more stockholder value. We are pleased to distribute our first ever quarterly dividend on June 30, 2010, to stockholders of record as of close of business on June 15, 2010.”

Third Quarter Highlights

·         Income from operations increased to $421,000 from $344,000 in the same period last year.

·         Revenue increased to $4,158,000 from $3,981,000 in the same period last year.

·         Net income increased to $269,000 from $224,000 in the same period last year.

·         Earnings per share increased to $0.08 from $0.06 in the same period last year.

·         Cash at end of period increased to $4,193,000 from $2,557,000 on July 31, 2009.

·         Stockholder equity increased to $14,722,000 from $13,981,000 on July 31, 2009.

·         Broker incentive expense of $50,000 was recorded in the quarter for a computer upgrade initiative planned in conjunction with the upcoming launch of Office 2010.

·         $79,000 was expensed for the same incentive in the second quarter of 2010, with a total expense of $129,000 in the nine-months ended 2010.

·         The company repurchased and retired 4,667 common shares.

For more info 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.


Warren Buffett Visits Sing-Sing Prison

The “Oracle of Omaha” visited the notorious maximum-security prison up the river from Manhattan on Wednesday, June 2. The occasion was the graduation ceremony for prisoners who had completed their college degrees at the penitentiary. (Buffett’s sister, Doris, is a donor of the college program and invited him to the event.)

The Sing-Sing college degree program is privately-funded, and in ten years nearly 200 have graduated. Of those 200, 42 have left prison, re-entering the outside world. All are working and supporting themselves and none have returned. Meanwhile the national rate of recidivism is 67%.

Buffet shared some thoughts with the inmates … he’s bullish about the markets, expressing optimism about employment and the recovery despite the European crisis and recent Wall Street sell-off.

He admitted that he’s never invested in gold, and doesn’t believe gold is a good long-term investment. Asked what he is a collector of, he answered, “I collect businesses and friends.”

* * 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.


·         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn’t listed see the forms on the lower left of the page. (Click here.)

·         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn’t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Click here www.barternewsblog.com.


Four Important Trends In China Promise Big Changes

1) There will be a rise in the labor movement as workers seek higher wages and better working conditions, thus gaining a greater respect for labor laws.

2) As the nation continues to embrace Western-style fast foods and greater meat-heavy fare, the growth of obesity and diabetes will continue to expand. Already 30% of the population is overweight and 92 million Chinese have Type 2 diabetes. (The International Diabetes Federation estimates 500 million Chinese might develop the disease by 2030 — which will place a huge strain on China’s economy and productivity.

3) Since China’s intellectual property rights continue to lag the developing world, Chinese innovators can’t profit from their own advances. Because of piracy and ineffective intellectual property protection their incentives to invent will be undercut, placing a heavy drag on domestic innovation.

4) Despite having a savings rate of 38% (10 times that of the U.S.) Chinese savers have few choices on where to invest their money, namely real estate or domestic stocks. Already a worrisome asset bubble in housing exists (12.4% increase in prices year-over-year). Any widespread losses in real estate would cause long-term financial pain for Chinese households, many of whom have relied on the savings of three generations to buy a home.


Money-Making Reports Available From BarterNews

Former President (Sr.) George W. Bush’s $14 Million Speech

In researching we often uncover stories that are so utterly incredible they’re almost unbelievable. But they are true and reinforce the uniqueness of barter as a versatile, powerful business tool.

Opponents of ex-president George W. Bush used to say that he was born with a silver spoon in his mouth. Now, it turns out he also has a golden tongue! In 1998 Bush gave what undoubtedly was the highest paid speech made by anyone, anywhere. After addressing customers in Tokyo on behalf of Global Crossing, then a fledgling telecommunications start-up, Bush agreed to take shares of stock in lieu of his $80,000 fee.

The trade occurred when Bush, sitting at breakfast with the founder and chairman of the company the morning after the speech, expressed curiosity about the company. Founder Gary Winnick suggested Bush take his fee in the form of stock in their nascent concern, which wasn’t even publicly traded at the time.

Global Crossing went public August 1998, making headlines seven months later by agreeing to acquire Frontier Corporation. In ten months Global reached $30 billion in market capitalization. (It took WorldCom, a standard-bearer for telecom growth stocks, ten years to reach that mark!)

In all of this excitement, the bottomline for Bush was the $14 million worth of stock he received for his speaking engagement in Tokyo.


(Advertisement)

How To Get More Sales In Hyper-Competitive
Restaurant Industry

Our street-smart restaurant marketing report shows proven ways to rapidly boost your restaurant’s sales & profits. More-->

 


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.


Give A Gift To A Friend Or Associate. If you know someone who might benefit from this newsletter, feel free to forward it to them! (See the “box” at the end of the newsletter for the forwarding service.)


We welcome your comments, questions, and observations.

© Copyright BarterNews 2010. Redistribution of BarterNews content expressly prohibited without the prior written permission of BarterNews.
 

about us | about b meyer | from the desk of  | contact us | issues | back issues | consulting services | entrepreneurs package FastStart | order | banner ads | first time visitors | travel section | media section | trade exchange section | corporate barter section | countertrade section | secondary capital sectionreal estate section | trade exchange news 2006 | trade exchange news 2005 | community barter section | restaurant & entertainment section | USA barter companies | global barter companies | sponsors | tuesday report | 2011 Tuesday Reports | 2010 Tuesday Reports | 2009 Tuesday Reports | 2008 Tuesday Reports | 2007 Tuesday Reports | 2006 Tuesday Reports | 2005 Tuesday Reports | 2004 Tuesday Reports | 2003 Tuesday Reports | 2002 Tuesday Reports | 2001 Tuesday Reports | 2000 Tuesday Reports | 1999 Tuesday Reports
Site Architecture & Hosting by XENET