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August 14, 2012

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 08/14/2012

Australia’s Bartercard South Gold Coast Has Facebook Page

The well-managed Bartercard South Gold Coast is led by Andrew Federowsky, one of the founders of Bartercard and a member of the International Reciprocal Trade Association’s Barter Hall of Fame. The Australian trade exchange has a most interesting Facebook page, https://www.facebook.com/BartercardSGC.

Hot-Dog Chain Founder Asks $25 Million For Colorado Property

John Galardi, founder of the hot dog chain Weinerschnitzel, has his Snowmass (CO) ranch on the market for $25 million. (Its location is about fifteen minutes from downtown Aspen.) Galardi, who worked at Taco Bell before he went out on his own, often appears in his company’s TV ads which promote 5 chili hot dogs for $5.

He is selling the 56-acre ranch which includes a 12,000-square-foot main house, a three-bedroom guest house, along with a 7,000-square-foot equestrian facility with a 12-stall barn, because his children are grown.

Immigrants Favor Opening Up Small Businesses

Immigrants coming to America are more inclined to own small businesses than native-born Americans. In doing so they’re energizing local economies and reshaping communities. Immigrants represent 13% of the population, but account for 19% of the country’s small businesses, according to the nonpartisan Fiscal Policy Institute. Small businesses are defined as companies with fewer than 100 employees.

New Technology: Experimental Camera Boasts 1-Billion Pixels

Scientists at Duke University have built an experimental camera that allows the user — after a photo is taken — to zoom in on the image in extraordinary detail. Although a long way from becoming a salable product, the device, called Aware-2, could fundamentally alter the way images are captured and viewed.

The new camera collects more than 30 times as much picture data as today’s best consumer digital devices. Existing cameras can take photographs that have pixel counts in the tens of millions. The Duke device produces a still or video image with a billion pixels, that is five times as much detail as can be seen by a person with 20/20 vision. The $25 million project is funded by the Defense Advanced Research Projects Agency.

Small Business Suppliers Being Strong-Armed By Larger Firms

Small businesses are waiting longer for commercial customers to pay their bills, as many big companies continue to hoard cash to bolster their own working capital. Many small business owners say they’re seeing payments from larger firms stretching from 30 days to 60, and even 90 days after an invoice is issued. The longer wait is taking a toll on the small businesses, which often have to borrow at costly rates to fill their cash-flow gaps in between payments.

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. . .)


IMS Reports Second Quarter Earnings

International Monetary Systems (ITNM), a worldwide leader in business-to-business barter services, has filed its second quarter report on Form 10-Q.

Operations

Revenue increased 5.5% in the first two quarters of 2012, compared to the same period in 2011.

Income from operations increased to $213,273 in the first half of 2012 compared to an operating loss of $(39,925) in the first half of 2011.

The company has completed the sale of two franchise territories during the year. They are not expected to have a material affect on the results of operations for the next twelve months.

Return To Shareholders

During the six months ended June 30, 2012, 793,351 shares of IMS stock have been repurchased under its stock buyback plan and stock buyback guarantees.

Current Quarter

During the quarter ended June 30, 2012, IMS generated revenues of $3,390,078, an increase of $56,939 or 1.7 %, compared to the second quarter of 2011.

Operating expenses in the quarter were $3,188,978, an increase of $38,251 or 1.2%, compared to the second quarter of 2011. This expansion is primarily due to increased employee costs, including staff costs in offices acquired in 2011, higher variable compensation tied to higher revenue, and expansion of the company’s tele-selling staff. 

IMS generated operating income of $201,100 for the second quarter, compared to $182,412 in 2011. After adjusting for interest and income taxes, the net income for the quarter was $98,647 compared to net income of $77,196 in the second quarter of 2011. Interest expense has increased as the company services the increased debt load taken on strategically to fund the stock buyback program expanded in 2011.

For more information 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.


ITEX Corporation Announces Social Media Presence

The ITEX Corporation (OTCBB:ITEX) has announced its presence on five of the leading social media web sites, including Facebook, YouTube, LinkedIn, Google+ and Twitter.

“We are very excited to leverage the power of social media to create and enhance relationships with and for our members. ITEX has taken a lead position in creating a world class social media presence, designed to both engage our current members as well as to attract new ones to our Trading Community,” stated Steven White, CEO. “(Interested parties can) stay current on our activity, events and updates, by following us on any of our new sites. We are easy to search for; just type in (the word) ITEX at each social site or visit our homepage at www.itex.com for direct links. We will be rolling out exciting content that no one will want to miss!”

Facebook:

This is the internet’s largest channel for reaching small business owners aligned with specific interests that are expressed through their Likes and Friends. The ITEX Facebook page is “member centric” in that posted content is intended to enlighten readers why being a member of ITEX is such an amazing opportunity as well as to share member experiences.

Twitter:

Because it is a great way to send out snippets of information, promotions or unique tidbits, Twitter helps to engage ITEX members. The company is dedicated to making its Tweets useful, on a regular basis, and fun!

YouTube:

This is a great channel for distributing video content that expresses the value of ITEX, including its brokers and its members. YouTube is particularly suited for in-depth tutorials and case studies on business successes via the ITEX Trading Community.

Google+:

Google+ is presently regarded as the “new” Facebook. The ITEX Corporation is excited about the potential of this powerful platform.

LinkedIn:

LinkedIn provides business professionals a space to promote themselves and maintain their career network. ITEX’s LinkedIn page currently has 445 followers and growing! Moving forward, content will derive from Trading Community news and events.

For more information on ITEX click here.


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Money-Making Reports Available From BarterNews

Dealing With Employee Absenteeism

1) Educate.

Explain the company’s absentee policy in full to all employees, and provide them with a written plan.

2) Monitor.

Have a special notebook that you only use to record daily employee attendance records. Observe which employees are late, which come early, and which are absent. Keep a record of the reasons.

3) Counsel.

If you have problem employees, meet with them in private to discuss it, and help them find a solution.

4) Follow up.

If the behavior occurs again, conduct another private meeting to find out why.

5) Take corrective action.

If the employee behavior continues, start the corrective process — verbal warning, written warning, suspension, and termination.


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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.


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