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August 10, 2010

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 08/10/2010

Ginseng’s Used To Pay Off Some Debt

North Korea is proposing to make a trade of ginseng to Czechoslovakia, which will be used to pay off $500,000 of their $10 million debt to the eastern European country. (Ginseng is an herb with medicinal properties.)

Overstock.com To Work With Small Business Owners

Are you a producer of a consumer product who’s looking for more distribution? Overstock.com and O.biz (Overstock’s b2b web site) is launching its “Main Street Revolution Initiative” which will provide local businesses with an avenue to national markets through its huge site.

For more information see the video about this program by clicking here.

U.S. Technology Founders’ Average Age Older Than You Think

Bill Gates and Steve Jobs were the exceptions. Most tech founders are not teen-agers, and twice as many start ventures in their fifties as they do in their early twenties. The average age of American tech founders is thirty-nine.

Foreign-Exchange Market Almost $4 Trillion In Daily Trading Volume

The global currency-trading business is expanding dramatically, according to key monetary authorities from around the world. The strong growth puts the foreign-exchange market on track to top a record $4 trillion in daily trading volume. The volume growth is a result of the volatility and the real end-users actively hedging their exposure.

Unger’s International Barter Exchange Celebrates 20 Year

Ron and Mary Unger, founders of IBE in Florida, have been serving the business community of Sarasota, Manatee and Charlotte counties for the past two decades and are looking forward to many more years of service. IBE is a member of the National Association of Trade Exchanges click here.

For more information on IBE click here.

Barter Theatre Provides Tickets In Exchange For Volunteer Work

“Make a contribution (volunteer a day’s work) to your community and receive theatre tickets.” That’s the offer to the first 500 volunteers, from the Barter Theatre in Abingdon, Virginia.

Working From Home Continues Expansion

The Telework Coalition, a non-profit advocacy group, reports that some 35 million people work predominantly from home today, compared with about 20 million in 2000.

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. . .)


IRTA Europe’s Chair Eyes New Industry Possibilities

The newly-elected chairperson of IRTA/Europe, Dorottya (Dori) Szabo, provided The Tuesday Report with an outline of her goals and perspective for the European family of barter companies.

Szabo is enthusiastic and excited about the potential that is now present for current IRTA/Europe members, as well as for those barter company executives who have not yet entered the organization, because of the entity’s independent voice and focus on representing Europe’s uniqueness and best interests. She feels a collective cooperation by the members, coupled with awareness that they are financial architects, will positively affect the economy — so needed in these challenging times.

Immediate goals are four-fold:

·         Solidifying the agreement with Global IRTA on the Articles as well as the Compact Of Association agreement,

·         Registration of the organization (IRTA/Europe) within Europe,

·         Applying for and the securing of qualified European financial grants, and

·         Organizing next year’s annual IRTA/Europe Conference.

Input from everyone, Szabo stressed, is not only needed but very important at this juncture. She’s looking forward to receiving suggestions, opinions, and ideas from her colleagues. “This is a historical time for our industry and I want to work with everyone for the betterment of IRTA/Europe.”

Dori Szabo’s e-mail is dszabo@globalxchange.hu.

ITA’S Jack Schacht Seeking Alliances Within Barter Industry

Jack Schacht’s Shop As You Give.com is launching its beta test with several non profits before Labor Day. Participating nonprofits who have already enthusiastically jumped into the program include several public charities such as The Humane Society and Habitat for Humanity, youth organizations such as Bethlehem Center and Hope for Tomorrow, senior citizen organizations such as The Council on Aging and The Elder Care Planning Council, and a mix of churches and other religious organizations.

Many barter exchanges already have several nonprofit members who can benefit from this free fundraising program. By enrolling a nonprofit you receive a full 12% of the gross profit on all sales for the first year and renewal commissions on an ongoing basis in subsequent years.

Shop As You Give provides nonprofits with their own free online department store, loaded with thousands of high quality brand name consumer products that people buy every day. Prices beat a solid majority of other online retailers and, in some cases, beat or meet the prices of ALL other retailers. The store can also be customized with the nonprofit’s logo and other branding elements. They can even eliminate product categories that might conflict with their mission statement.

Nonprofits receive 30% of the gross profits, 100% of all donations at checkout, and full reports on their supporter’s purchases — all without any staff requirements.

Interested parties can e-mail Jack personally at j.schacht@shopasyougive.com.


Mitchell Schultz Now Offering Trips To Outer Space

Mitchell Schultz, known throughout the barter community for the trading of Broadway show tickets as well as other endeavors such as various fund-raising efforts, is now onto something more ambitious.

He’s the managing director of Xtraordinary Adventures, a company that offers suborbital flights to the edge of space. The flights will begin in early 2012. Schultz calls this experience a “pinnacle life event” and says it will be one of the greatest awards a top executive can receive. Cost for this one-of-a-kind experience is $95,000.

For more information click here.


UC Hires Barter-Pro Patty Weston As New UC International Broker

In an effort to increase Universal Currency’s (UC) trade volume and provide top-notch customer service to members, UC has named Patty Weston as its new international broker beginning August 9, 2010.

Patty is an experienced barter broker, having worked for five years as a travel broker in Michigan. She recently moved to Winter Park (FL) and will be helping the Florida Barter team, of which owner Scott Whitmer is currently serving as the UC Committee chairman.

Patty is passionate about the barter industry and will make a great addition to both the Florida Barter and UC teams. IRTA’s executive director Ron Whitney confirmed, “We are very excited to have Patty on board and look forward to a productive future for UC.”

Patty Weston can be e-mailed at patty@irta.com or phoned at 321-397-2050.


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