by Bob Meyer, Editor of BarterNews
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From the desk of Bob
The successes of larger barter companies are evident in the
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
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.
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...
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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
XO Limited, (www.barter-software.com),
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.
The newly-announced trade status feature
includes five main classes:
New member yet to make a trade.
Trade status unknown...not specified by member.
Trading status on hold...not accepting trades.
Trade needed, actively looking for a trade.
Trade urgently needed.
For more information on XO Limited
Now Dominates Largest U.S. Barter Market—Greater Chicagoland
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.
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
WTTC’s manifesto for the industry outlines five
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
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
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
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.
The Easiest $100,000 You’ll Ever
Bring To The Bottomline!
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:
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.
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:
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.
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today’s New Age Of Possibility
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...
Trade Exchange Owners...
Build Rapport & Empathy With Your Client Base!!
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