by Bob Meyer, Editor of BarterNews
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will never be sold, traded, or given to another party.
Worldwide Barter Travel Portal—World Travel Exchange—Now
co-founder with partner Linda Sim of The Business Exchange located
in Scotland, has spent the better part of last year, along with
considerable money, in the construction of a barter travel portal
that he envisions will move the commercial barter industry to a
working along with IRTA’s then Executive Director Paul Suplizio,
was the person who organized the first IRTA/Europe meeting—which
he sponsored and funded—back in 1995.)
Exchange (WTEx) was launched after Lugo attended a European meeting
last October, which was held in Brussels and hosted by Walther Smets.
IRTA was an invited guest.
At the meeting,
some of the attendees were lamenting about the uncooperativeness
and lack of trust that existed among certain exchanges. The consensus
was that travel is a universal need, and therefore one commodity
that can build and further develop trading relationships among exchange
was general agreement that Lugo’s idea of establishing a travel
portal was a good one, he was concerned about how it would get built.
So Lugo heeded the suggestion, “It’s your idea, why
don’t you work on it?”
With the goal
of keeping the service and site as simple as possible to use, he
consequently developed it as a tool for brokers who spend considerable
time handling travel for their exchange.
Sign-up Ends September 15
There are 103
trade exchanges, including the world’s largest, now posted
on WTEx’s site along with listings of 364 hotels, restaurants,
resorts, car rentals, etc., all primarily based in Europe.
WTEx is offering free access for any trade exchange with travel
inventory to sell. After September 15, barter companies will need
an IRTA-UC account for free access.
WTEx is not
a payment system, but a booking system. Direct reciprocals and IRTA’s
Universal Currency will be accepted for payment. For more information
or e-mail email@example.com.
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ITG & Bartercard Join Forces
Trade Group, started in 1996 by Henry Petree with headquarters in
Fort Gibson, Oklahoma (and locations in Arkansas, Texas, Florida
and Hawaii), has reached an agreement to integrate and consolidate
its operations with Bartercard U.S., the North American licensee
of Bartercard International.
has licensees in 20 countries and reportedly generated over $1 billion
in trade last year with among its 70,000 members (businesses) worldwide.
was launched in 2001 and currently has 4,000 business members. Petree
has been appointed president of Bartercard Franchise Corporation.
For more information see www.bartercardusa.com.
published, BarterNews issue #63 is now available... get
your copy now! Orders are shipped within two business days. Click
on Order Form.
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Creating National Sales Force To Expand Into New Metropolitan Markets
Monetary Systems (OTCBB:INLM), doing business as Continental Trade
Exchange, has announced they are hiring a staff of outside sales
people to enable the company to enter untapped metropolitan areas.
President John Strabley explained, “Though most of our prior
growth has been through acquisitions, during the past six months
we have also had record-setting results in new client enrollments.
reason, we intend to open offices in several major metropolitan
areas in which we currently do not have a presence. In addition
we will continue to add sales people in our existing markets.”
Founded in 1989
and serving more than 7,000 customers in 24 U.S. markets, IMS is
one of the largest publicly traded barter companies in the world
and recently reported record gross revenue and profits in the second
quarter of 2004. For more information on the company visit www.internationalmonetary.com.
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
Your Time-Share Just Became Easier
handful of charitable organizations accept donations of time-share
units, many avoid doing so because of the costs and risks associated
with selling them. That’s changing, as Glenn Ostrowski, president
of Bozeman-based Go Timeshare resale firm, set up a nonprofit called
“Donate for a Cause.”
The new company
will sell a time-share, and then donate the proceeds to the owner’s
charity of choice.
Ostrowski, it is difficult and expensive for most owners to sell
their time shares due to the marketing costs and the fact that most
time shares are worth substantially less than the original purchase
In most cases,
time-share donors can get a $4,900 write-off on their taxes, which
is often twice as much as what the time-share will sell for. If
the unit is worth more than that, donors can pay for an appraisal
to get a higher write-off.
that Donate for a Cause will raise between $75,000 and $100,000
a month for charities by selling time-shares for donors. (The non-profit
company will take a 5% fee for its intermediary service and will
pay brokers a 20% commission on each sale.)
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
A Difference A Year Makes
the creator and executive producer of The Apprentice TV
show, approached many companies last year about product placement
deals in the show...and had many doors slammed in his face.
company, which sells time-shares on private planes, did take advantage
of the opportunity. New York-based Marquis Jet Partners got screen
time in three “Apprentice” episodes in exchange for
providing one flight from New York to Boston for each of the contestants.
(Advertising buyers estimated the exposure the company received
translated into $5 million to $10 million in advertising!)
This year Burnett’s
receiving a different reception for his offer, which allows companies
to participate in the show. And those he is working with are paying
dearly this time around...with fees of $1 million each for “product
you know that your classified ad gets one full year exposure in
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- The National
Association of Trade Exchanges (NATE) is holding its 20th Annual
Convention at the Venetian Hotel in Las Vegas this week, September
9 to 11. Attendance this year is up and expected to exceed 150
to Patti Falus, founder of Barter Network Ltd. of Toronto. Ms.
Falus has been named the Canadian Woman Entrepreneur of the Year!
- Victor Castano
Jr. of Alamo Barter in San Antonio, along with partner Rachel
Taylor, runs a very successful exchange. In 2003 their company
did $13.2 million in barter transactions. Castano is president-elect
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- Joe Crump,
president of Bentley Crump Barter Network, has been elected to
the Bentley Commerce Board of Directors. Crump, the founder of
Crump Barter Systems in 1998, established a clearinghouse through
which members of different trade exchanges worldwide can trade
inventory and services with one another.
Bentley Crump Barter
Network has a clearinghouse membership of 160 exchanges, which
represents approximately thirty percent of the trade exchanges
in the U.S., and nearly fifty percent of the exchanges in Canada.
More than half of
Asia still lives in poverty with 1.9 billion people, or 60%
of the population, subsisting on less than $2 a day according
to an Asian Development Bank report. (Nearly 74% of those who
get by on less than $2 a day live in China and India.)
A recent poll by
Forbes magazine indicates that more than 50% of a sampling
of college seniors see starting a business as their highest
ambition. Forbes says the current generation is the
most entrepreneurial in American history.
rebate card (in partnership with American Express) offers 3%
cash back for spending in restaurants anywhere in the world,
and a 2% travel refund for airline tickets, hotels, car rentals,
cruises and spending with a travel agency. All other purchases
will receive a 1% rebate.
Only Costco members
are eligible to apply for the card which has a $100,000 spending
limit per year. Cardholders will be provided with vouchers once
a year which they must take to Costco and either redeem for
cash or use toward a discount on that day’s shopping trip.
Both chambers of
Congress and several state legislatures are considering measures
that would require restaurants to provide nutritional data on
menus. Restaurant chains with 20 or more units would be affected.
Advocates says the
legislation would help in the nation’s battle against
obesity. The restaurant industry opposes the legislation, saying
nutritional analysis would be costly in a business that operates
on very thin profit margins. Plus, it would be expensive to
print new menus each time dishes are updated.
to data from Capgemini and Merrill Lynch, there are some 7.7
million people world-wide who have more than $1 million in financial