the desk of Bob Meyer...09/08/2009
Matchbin Moves From Barter To Community Reporting
Several years ago the founders of Matchbin were sure they
would revolutionize the commercial barter industry with
their barter/auction technologies. But their online efforts
never materialized as envisioned. Today Matchbin has evolved
into a platform with a strong focus on community newspapers
— with a mission of helping create online communities and
engagements with readers alongside a newspaper’s daily news.
Activist CEO Makes Another Move Outside Of ITEX
In May, 2008 BarterNewsblog reported on publicly-traded
Western Sizzlin Corp’s (NASDAQ:WEST) efforts to get control
of ITEX (largest trade exchange in U.S.) through an offer to
ITEX shareholders. They did acquire 873,862 shares but fell
short of their hostile takeover objective.
Now Western Sizzlin’s young, 31-year-old, CEO Sardar Biglari
is on to other ventures. Biglari became chief executive of
Western Sizzlin in 2007 after buying shares and agitating
for change at the company. Today he’s making some
significant moves in another direction.
Following a similar “muscling in” strategy at
publicly-traded Steak n Shake (NYSE:SNS) he moved onto the
company’s board in 2008. Now the owner of 9.2% of the
company’s stock (recent stock price $10.85) he recently
disclosed plans that will see Steak n Shake purchasing
Western Sizzlin — the steak house he also heads and has a
33% stock ownership position in. Recent stock price of WEST
Reports July Most Profitable In 2009
International Monetary Systems’ (OTCBB:ITNM) CEO Don Mardak
says that the month of July was the company’s most
profitable month of 2009, with strong operating profits and
cash flow. The company’s travel department, led by Kim
Strabley, had record sales during the month.
For more information on the 20,000 member national barter
Authors Barter For Resort Developers
Dave Trisko, CEO of TriMarkTrade, has authored an excellent
article (on how & why resorts barter) in the August issue of
Developments magazine. The American Resort
Development Association is the publisher of the publication.
To read or download the article
Article Touts Barter As Way To Move Office Equipment
The Wall Street Journal’s Small Business Section
(online) published an article on the three best ways to get
rid of office equipment. One of the suggestions was “try
bartering.” Listed in the article were the following barter
Trade Exchange Opens In Colorado
Bethanne Dressel and husband Bill Stein have started
Corporate Barter Solutions this summer in Colorado.
Currently they are in the process of renting office space in
Denver. Prior to launching CBS, Stein had 23 years of
experience running Trade Exchange Of The Rockies.
Advances Into Calgary
ITEX Toronto broker Michael Mazzin has expanded operations
into Calgary, Alberta, Canada (http://www.BarterInAlberta.com).
ITEX will be the third barter company (trade exchange)
within the city.
Industry Conventions Scheduled
The International Reciprocal Trade Association’s (IRTA) 30th
Annual Convention will be held October 1-3 at the four-star
Magnolia Hotel in Dallas, Texas.
For more convention information
The National Association of Trade Exchanges (NATE) 25th
Annual Convention will be held October 25-27 at the Golden
Nugget in Las Vegas, Nevada.
For more convention information
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See you next week. . .)