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October 21, 2003

Written by Bob Meyer, Editor of BarterNews

Major European Barter Conference Held In Brussels

This past weekend, October 18 and 19, was the beginning of an historic 4-day meeting among the top barter companies in Europe. The ambitious event came together under the direction and efforts of Walther Smets, president and founder of RES Barter System (www.res.be).

The event was to begin with a luncheon on Saturday, followed by a 3-hour international meeting where the future of barter in Europe will be openly discussed by the "invitation only" selected barter companies operating in Europe. A sumptuous evening dinner, hosted by RES, was next on the agenda.

According to Smets, the selection of companies invited to attend was based on past experience. Krista Vardabash, director of IRTA, was an invited guest, as well as Bob Meyer, publisher of BarterNews. Attendees were given a list of first-class hotels available on trade in and around Brussels.

A National Barter Exhibition was planned for Sunday, with over 100 Belgium companies (RES members) offering high-quality luxury products at 100% trade. Many attest to the fact that Belgium is well-known as a barter paradise!

National Media Coverage

Concluding this landmark meeting will be extensive national press conferences on Tuesday and Wednesday covered by newspaper, magazine, radio, and TV reporters. At that time, RES will introduce two brand-new projects that promise to move European barter companies to the forefront, technologically speaking, of the trade exchange industry.


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TeleTrade Continues Impressive Growth

TeleTrade International reports that its three web sites have processed transactional volume totaling $45 million in the first nine months this year. This is an 11.5% increase in activity reported overall for the year 2002.

The system for affiliated independent trade exchanges, eValues.net, reports a combined volume of $28.7 million, an increase of more than 89% compared to last year's volume of $15 million for the same period. The 2003 three-quarter total exceeded last year's entire volume of $24.5 million, an increase of 20%. (The Spanish site in Mexico reports total volume of $8.2 million, or $1.7 million MXP.) For more info go to www.teletrade.net and www.evalues.net.


Rockefeller Foundation Says NYC Should Become More Entrepreneurial

According to a recent front page article in the New York Times, featuring the results of a study financed by the Rockefeller Foundation, New York City (NYC) should abandon their present methods of attracting business. The study suggested that rather than encouraging the real estate tycoons and big businesses to the city, NYC should welcome more entrepreneurs.

SiliconAlley.com, located in NYC, agrees with the study which was written by the Center for an Urban Future. SiliconAlley.com says there are almost a million entrepreneurs in the big city.

"Small business is decisive, they have to be, their business and their livelihood are at stake. And today the cost of doing business is way down, there is more affordable talent available. What's not to like? There's no more dumb institutional money chasing internet stocks, just the soul of the entrepreneur against the marketplace. All of us left are real, no more posers."


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Autumn Trade Fairs & Holiday Expo's....

October 25: San Diego BXI Fall Trade Fair will be held at Natural Reflections, 190 Wilshire Road, Oceanside (CA)...on Saturday 10 a.m. to 5 p.m.

October 25: Continental Trade Exchange is staging its 13th Annual Barter Expo Gift Show & Auction. Milwaukee County Sports Complex 6000 W. Ryan Road, Franklin (WI).

November 16: BXI Ventura-Santa Barbara 3rd Annual Holiday Trade Fair will take place from 10 a.m. to 4 p.m. at the Oxnard Radisson Hotel. For more info: (805) 376-9466.

November 18: CTE Columbus is holding its Holiday Showcase at the Medallion Country Club in Columbus (OH).

November 23: Barter Systems Inc. has scheduled its Holiday Gift Show at Martin's Crosswinds in Greenbelt (MD). For more info: (301) 949-4900.

December 3: CTE Cincinnati's Holiday Showcase will take place in Columbus (OH).

December 6: ITEX Denver Holiday Trade Fair will be held at 5293 Ward Road, Arvada (CO). For more info: (720) 889-1365.

December 7: CTE's 23rd Annual Holiday Expo is scheduled at Santa Rosa Veterans Memorial Building, 1351 Maple Avenue, Santa Rosa, (CA).

December 14: TradeAmericanCard's 2003 Barter & Business Expo will be presented at The Grove of Anaheim. For more info: (714) 532-1610.

(Send your "holiday fair/expo information" to: bmeyer@barternews.com)


Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.


Bogus Health Insurance Growing

Small businesses and the self-employed, who often struggle to find affordable health insurance, are most susceptible to health insurance scams. So reports the Commonwealth Fund, a private research foundation based in New York.

In an analysis of claims, from a sampling of just four unlicensed insurers, the study found that more than 100,000 people since 2001 were left with about $85 million in unpaid medical bills incurred while making payments to a phony health plan.

Typically, unlicensed insurance companies sell cheap policies with promises to cover pre-existing conditions, something many licensed plans don't do. Other tricks include offering policies without the medical-history prescreening process known as "underwriting."

There are ways to guard against the phonies, insurance investigators say. Consumers should be skeptical of agents selling union health-insurance plans. Generally speaking, only union members can belong to such health plans, and they usually aren't sold to them through agents.

Consumers should also be wary of sales and marketing materials that avoid the use of the word "insurance," because it probably isn't, investigators say.


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Here & There...

  • Glide Dental Floss, which has 22% of the dental-floss market, is being acquired by Procter & Gamble. What's most interesting is how the second-biggest dental floss brand in the U.S. achieved this lofty goal.

    The Newark (DE) company, W.L. Gore & Associates, got initial distribution in 26 local Happy Harry's drug stores and sent out additional samples to dentists. But what really got the product going, was when the mother of a producer of "Seinfeld" TV show read a brief item raving about Glide in New York magazine. She gave some floss to her son, who passed it on to Jerry Seinfeld.

    When Glide showed up in a "Seinfeld" episode in October 1993 the show's call center was overwhelmed...and word-of-mouth marketing has done the rest. P&G says Glide is the most recommended floss among dentists.
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