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October 10, 2006

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer...10/10/06

The successes of larger barter companies are evident in the following stories... 

ITEX Prepays Entire BXI Acquisition Debt

Nearly 3 years prior to maturity, ITEX has wiped the incurred debt of $2,300,000 from their books. CEO Steven White was pleased to make the announcement that the last payment was voluntarily made on October 4, 2006.

The debt was retired with funds generated from cash flow which validates the success of the BXI acquisition. According to White, the principal discount and interest savings from early payment on the loans saved ITEX approximately $240,000 over the life of the promissory notes and term loan. ITEX presently has no long-term debt.

White added, ?Through July of 2008, we will continue to pay BXI shareholders a 5% earn out on revenue over $3,000,000 per quarter, not to exceed $37,500 per quarter.?

For more information on ITEX Corporation, the largest trade exchange in the U.S. with 22,000 member businesses, visit:

BBX Net Profits Soar 323%!

Business Barter Exchange (BBX) of New South Wales, Australia, reported a net profit after tax of $1.08 million, an increase of $825,000 or 323% over the previous year. The exponential growth in trading activity included a significant increase in the number of real estate transactions within the exchange?s membership, which totals 4,535.

Gross revenue was $10.06 million, up over 21% of last year?s figures. Trading volume was $146 million, a 61% increase compared to last year?s trading volume of $90 million.

IMS Picks Up Another $2.1 Million In Funding

International Monetary Systems (OTCBB:INLM) announced it has received another $2.1 million in debt and convertible-debt financing from a private investor. (IMS recently acquired Jack Schacht?s Illinois Trade Association and National Trade Association. IMS now has 15,000 members in 39 U.S. locations.

Additional funding details (Form 8-K) can be accessed at:

Hedge Fund Business A Tough Grind

Last week we noted that 125 hedge funds control 80% of the $1.23 trillion of the industry?s assets. Since January 2005, more than 1,000 funds have shut down while 2,600 new hedge funds have been launched, according to Hedge Fund Research Inc. of Chicago.  

Current Global Listing Changes...

8 Robinson Road
#16-00 ASO Building
Ph: 65 6438 3128
Fax: 65 6438 3918

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. . .)

Commercial Barter Industry To Be Well-Represented At Singapore?s Global Entrepolis

Some 16,000 business executives from around the world will attend a two-day conference in Singapore, beginning October 31. This year?s theme is ?New Frontiers for a New World: Trends and Innovations Shaping the 21st Century.?

Representing the barter industry, and invited back for a second time, is Dr. Lee Oi Kum, CEO of Singapore-based BarterXchange. Joining Ms. Kum will be two representatives from the United States...Lois Dale, President, and Krista Vardabash, Executive Director, both from the International Reciprocal Trade Association.

Keynote speaker at this year?s event is Dr. James Canton, Chairman and CEO of the Institute of Global Futures, as well as advisor to the White House Office of Science and Technology and MIT?s Media Lab in Europe. Dr. Canton, sometimes referred to as the ?Digital Guru,? will analyze the key trends that will affect businesses and society, as well as new business opportunities created by emerging technologies.

One of the highlights of the event is called The Enterprise Exchange. It provides a platform for delegates and participants to showcase their expertise and products. There will also be a ?Business Matching Portal? and three business networking sessions to facilitate interaction of all parties.

For more information on Global Entrepolis @ Singapore 2006 see:

XO Limited Announces New Barter-Software Features

XO Limited, (, offers a neutral internet-based platform which enables multi-lateral trading. The company recently added two new features to its software that both trade exchanges and their members will find most helpful.

?Trading Rating System? To Evaluate Members

Trade rating is a system for evaluating members? trading skills, honesty and behavior. All members and the exchange administrators have the ability to express their opinion about a particular trader/member. They can also include comments which describe their experiences in dealing with this member.

The trade rating is stored in the database, and an average value is recorded as a current ?Trade Rating? for each trader/member.

Trade Status

The newly-announced trade status feature includes five main classes:

1.      New member yet to make a trade.

2.      Trade status unknown...not specified by member.

3.      Trading status on hold...not accepting trades.

4.      Trade needed, actively looking for a trade.

5.      Trade urgently needed.

For more information on XO Limited see:

IMS Now Dominates Largest U.S. Barter Market?Greater Chicagoland

With completion of the acquisition of Illinois Trade Association and its parent National Trade Association, International Monetary Systems (OTCBB:INLM) will dominate the Chicago area, which is the largest barter marketplace in the nation.

The acquisition expands the IMS Barter client base to 15,000, in 39 U.S. markets. According to Don Mardak, CEO of IMS, they now have more than 1,200 restaurants, 600 advertising venues, and a vast array of travel opportunities including 400 coast-to-coast hotels, resorts and travel accommodations. Not to mention the numerous resorts available in Mexico, Bermuda, and the Caribbean.

IMS also can boast of air travel availabilities on trade through two individual airlines as well as several well-known charter-flight providers.

With this most recent acquisition, IMS has procured a (the only) seasoned corporate barter division within an independent trade exchange. National Trade Association has a 600 client roster that includes several well-known publishers, hotel chains, manufacturers, and distributors.

For more information on IMS go to:

World Travel & Tourism Council Estimates $200 Million Needed To Jump-Start Industry

The World Travel & Tourism Council (WTTC) is a forum for business leaders, with CEOs from 100 of the world?s leading travel and tourism companies as its members. As one of the world?s largest industries (employing approximately 230 million people and generating over 10% of the world?s GDP), its goal is to raise awareness of travel and tourism.

Less than six months after WTTC?s Global Travel & Tourism Summit in Washington (DC), the Council and its American members are calling on the U.S. Government to ?recognize the state of the industry.? Which they contend is in need of attention, having lost an average of $20 billion a year due to a declining status worldwide.

WTTC?s manifesto for the industry outlines five recommendations:

?         The economic and social importance of travel & tourism needs to be recognized at the highest levels of government.

?         The U.S. Government must focus and finish its plans to introduce new security measures based on biometric technology, which will boost public confidence and provide a positive image of the United States.

?         It?s recommended that U.S. stakeholders from federal and state governments, along with the private sector, meet at a nationwide conference around the theme ?Reconquer Markets, Regain Confidence.? The main aim of this conference should be to develop a 3-year agenda with clearly defined objectives geared towards regaining the status of the USA as the most important Travel & Tourism destination in the world.

?         It?s time to embrace a national marketing strategy and mandate a significant national promotional budget directed towards those markets that represent the greatest potential for the destination. WTTC estimates that $200 million would be a realistic starting point from which a marketing campaign could make a significant impact.

In 2005 the U.S. Travel & Tourism Advisory Board (TTAB), operated through the Department of Commerce, has not implemented any of the resolutions made at the conference. The TTAB should be provided with the necessary resources and cooperation from the federal government to assist in achieving the goals laid out in their strategy.

Study Finds Age Linked To Economic Vitality

Countries with aging populations have less entrepreneurial activity, according to the Global Entrepreneurship Monitor, which annually measures entrepreneurship worldwide.

Individuals select career paths according to age, risk and wealth. While older workers have less incentive to start a new business, younger workers are freer to take risks. Since their life expectancy is longer and there are fewer financial responsibilities such as families, they can afford to wait for economic security.

The study has important policy implications because countries with aging populations, like most European states, may expect a decline in entrepreneurial activity and possibly economic growth.

The U.S. hasn?t experienced this problem as it has historically embraced immigrants, who tend to be younger.

Hotel General Managers

Here?s The Easiest $100,000 You?ll Ever
Bring To The Bottomline!

Collect cash, as usual, from the guest accounts staying at your facility that require the use of professional AV services. And rather than shouldering your ongoing employee costs, or your current vendor?s cash agreement for AV services, here?s a much better alternative:

Work with a proven national vendor (a sterling 25-year track record) who will provide all of the AV services for your hotel on a 100% TRADE BASIS! (Payment to be in the form of hotel rooms and/or trade dollars.)

Your hotel?s annual AV billings must be a minimum of $200,000, and this offer is available only in the continental United States.

For a confidential introduction contact Bob Meyer via e-mail: (Please type in AV Services On Trade in the subject line of your e-mail.)

Attention Trade Exchange Owners:

If your member hotel(s) have a minimum of 10,000 sq. feet of meeting space and annual billings of at least $200,000 for AV services this is a great opportunity to earn substantial cash service fees on the hundreds of thousands of trade dollars your hotel member will be paying the vendor. Contact Bob Meyer at the above e-mail.


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The Growth and Use of Secondary Capital (New Money) Creates Unprecedented Wealth In Today?s New Age Of Possibility

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