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Web www.barternews.com
October 22, 2013

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 10/22/2013

NATE Eyes 2014 Convention

The next annual convention of the National Association of Trade Exchanges (NATE) is nine months from now, but their convention committee has already kicked off the efforts for its 2014 convention. It is scheduled to be held in Orlando, from May 15 to18.

The committee’s first item on the agenda is that of asking the trade exchange industry for input — topics of interest for the subsequent seminars and panels. The coverage at the convention will be tailored for owners, brokers and sales people.

Ideas/topics desired should be sent to alex@natebarter.com.

TAC Holiday Barter Expo Scheduled

Saturday, December 14, will be the day for the 2013 Trade American Card Annual Holiday Barter Expo. Tabletop displays for the 10 a.m. to 3 p.m. event at the Anaheim Business Center can be reserved by calling 949-225-6000.

Study Says You Get Stupider When Working Too Much

According to Dr. Tasha Eurich, New York Times bestselling author, executive coach, leadership expert, and author of the new book Bankable Leadership, “We actually get stupider when we work too much.” Over a five-year study, University College of London epidemiologist Marianna Virtanen and her colleagues examined the relationship between long hours and brain functioning in British Civil Servants.  

Participants completed a variety of tests to evaluate intelligence, verbal recall, and vocabulary. Compared to those that worked 40 hours per week versus, those that worked 55 hours per week showed poorer vocabulary and reasoning. As a result, working fewer hours, taking more breaks and occasional vacations, can help us become much more productive. 

Consumer Spending Habits Shifting & Savings Rate Dropping Precipitously

Compared with 1973, Americans are putting a bigger slice of income to a home and less to food. And, according to an analysis of a consumer expenditure survey by the Labor Department, Americans aren’t socking away extra money for the future. Today’s savings rate is a fraction of what it used to be: 4.6% today versus 13% four decades ago.

Overall housing costs have risen to 32.8% of income from 30.8%, along with an increase in average home size to 2,700 square-feet from 1,400 square-feet. The average family shells out 12.8% at grocery stores and restaurants today versus 19.3%, although today’s average family size is 2.5 people versus 2.9 people in 1973.

All back issues of "From the Desk...� can be accessed by clicking here.

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ITEX Announces 2013 Fiscal Results

ITEX Corporation (OTCBB: ITEX), a leading marketplace for cashless business transactions in North America, filed its Form 10-K with the Securities and Exchange Commission and announced results for its fourth quarter and fiscal year ended July 31, 2013.

“Fiscal 2013 was a good year — our cash position increased 73%, income from operations increased 32%, we returned $631,000 to stockholders through quarterly dividends and stock buybacks and we launched a complete refresh of our website,” stated Steven White, Chairman and CEO.

“Two new independent directors were added during the year and we appointed John Wade to the position of Chief Financial Officer.  All board committees consist entirely of independent directors.”

“Plus,” White concluded, “we completed our tenth consecutive year of profitable operations, during which time we have returned more than $8.0 million to stockholders in the form of stock buybacks and dividend payments — $5.8 million in just the past two fiscal years.”

Fiscal year 2013 highlights:

§  Earnings per share increased 41% to $0.41, from $0.29 in the previous fiscal year

  • Income from operations increased 32% to $1,464,000, from $1,110,000
  • Cash increased 73% to $3,352,000, from $1,942,000 over the previous fiscal year

§  Increased dividend 25% in March 2013 from $0.04 to $0.05 cents per share, per quarter

§  Four quarterly cash dividends, returning $530,000, or $0.18 per share, to shareholders

§  Launched a full refresh of the ITEX website (www.itex.com), and all marketing materials for a consistent brand and message

After the end of the fiscal year ending July 31, the Board of Directors of ITEX Corporation declared a cash dividend in the amount of $0.05 per share, payable on September 20, 2013, to stockholders of record as of the close of business on September 10.

Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company’s listing on BarterNews.com isn’t current, you are definitely missing out on new business. The web site BarterNews.com receives heavy traffic — with over 150,000 page-views every month. Entrepreneurs and corporate executives check the thousands of articles, the weekly “Tuesday Report,” and the “Contacts Section” of our site. They use the latter to find barter companies with which to do business.

Is your barter company’s listing up-to-date?

To keep your listing current is very easy. See the links below to (A) update any changes to your company’s listing, such as new location, phone number, web site or other information, and (B) if your company has not been listed.

Here’s how to get on board:

To make changes to your listing click here.

For new listings click here.


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Study Shows Entrepreneurs Have Self Confidence

The annual “Voices of Small Businesses and Accountants Study,” by the maker of Quicken and QuickBooks financial software, reported some very interesting and revealing information about our country’s entrepreneurs.

Here’s a rundown on what they found:

v  During the past year, 64% of small businesses and 73% of accountants have invested money in their operations.

v  The most common investments were additional advertising or marketing at 40%, new employees at 25%, and new technology at 23%.

v  The biggest challenges facing small businesses — according to their owners — are generating new business and revenue streams, rising insurance costs, and keeping up with competitors.

v  75% of small business owners work with certified public accountants. Of those, 78% seek help with taxes and 37% obtain bookkeeping services from their CPAs.

Editor’s note: It’s interesting to see from this study the important role a trade exchange can play in the life of a typical small business.

For example, their most common “investment” was for additional advertising and marketing. As a trade exchange member, you know that acquiring these desired services on barter is certainly a much better value than buying them with cash.

Even the biggest challenges of generating new business and revenue streams are addressed, because a trade exchange’s major focus is providing a unique conduit for additional business and increased cash-flow ... via trade dollars earned and cash saved.


Money-Making Reports Available From BarterNews


Avoid These Keys To Failure

The top reasons most business fail, according to 1,900 professionals who help troubled companies:

Too much debt                         28%

Inadequate leadership              17%

Poor planning                          14%

Failure to change                     11%

Inexperienced management     9%

Not enough revenue                 8%


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

There are 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... www.barternews.com/secondary_capital.htm.


Get New Money-Making Ideas And Valuable Contacts!

You can obtain useful, informative ideas and contacts in every available back-issue of BarterNews.


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