The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
July 3, 2001
Corporate Barter Company Completes $15 Million Second Round Financing
Argent Trading, a global corporate trading firm, has raised in excess of $15 million from investors including Sterling Venture Partners, Pritzker family business interests, Phoenix Life Insurance Company, as well as continuing investments from Sterling Capital.
Argent operates in 16 countries and is led by a management team with over 65 years of corporate barter experience. Gregg Young, CEO and Chairman of Argent, says, "We are very proud to have such a prestigious group of investment partners.
"The quality of our investors validates our strong business model and overall growth potential. We look forward to working with this new investor roster and to the tremendous value their relationships will bring to Argent and its clients."
Industry Meeting In Denver
A group of industry veterans from the International Reciprocal Trade Association (Susan Groenwald, Stephen Webster, Krista Vardabash, David Wallach, Peter Korda, and Terry Brandfass) along with Joe Crump of Crump Barter Services and Bob Meyer of BarterNews, met for over six hours on June 27th, at the Westin Westminster Hotel in Denver Colorado.
The purpose of the meeting was to analyze current barter industry statistics, as well as to discuss and adopt a methodology for the future estimating of barter industry statistics globally. A full report will be forthcoming from the group and reported in a future issue of BarterNews.
Zibell Of New England Trade
At the recent National Association of Trade Exchanges' 17th Annual Convention, Linda Zibell, a veteran barter broker of 20 years, received the prestigious Lifetime Achievement Award.
Zibell has been a driving force for NATE as well as with New England Trade, and over the years has been a mentor to dozens of her colleagues.
Thanks to her efforts in arranging an entire wedding on barter, New England Trade was featured on the Oprah Show, bringing the organization national recognition. New England Trade, www.newenglandtrade.com, is located in Malden, Massachusetts. Ken Meharg is the company's CEO and Gary Oshry is its president.
Here And There. . .
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