Current News From International Reciprocal Trade Association
Gary Field of
NuBarter in Savannah (GA) and his energetic team did a superb job of
hosting this year�s recent IRTA �U� Conference, that the Tuesday
Report covered in September, which highlighted new challenges
faced by exchange owners and shed new light on existing ones. The
speaker line-up made it an intense two-day educational program.
There were new
faces from new places as this year�s attendees were from ten
countries, representing both the commercial barter industry and
complimentary currency systems.
The IRTA
Business Meeting covered a variety of topics. . .
Financials:
IRTA Treasurer Harold Rice reported that the budget is on target and
the IRTA financials are in sound shape. He attributed this largely
due to the accurate forecasting and excellent financial management
from Krista Vardabash, former Executive Director.
Resignation:
Krista Vardabash announced her resignation as IRTA Executive
Director effective 10/1/07, after seven years of meritorious service
to the commercial barter industry. Krista anticipates working and
remaining within the industry.
Appointments: The IRTA
Global Board of Directors appointed Ron Whitney to the position of
IRTA Executive Director. Ron will focus on membership growth and
development, revenue generators, education, and member relations. He
brings a fresh perspective and value to the association. As a former
trade exchange owner, he understands the many challenges and intends
to create more definable membership benefits.
Ethics:
IRTA currently has one ethics complaint outstanding. The Ethics
Committee reported on the current complaint.
Elections:
Open Board seats were filled by Ian Jones of BarterXchange and Gary
Field of NuBarter. Richard Logie and David Wallach were re-elected
to the Board. The new IRTA Global Board of Directors elected David
Wallach as President, Michael Mercier as Vice President, Harold Rice
as Treasurer, and Ian Jones as Secretary.
New
programs: IRTA Operation
Outreach and the IRPAC program were identified as definable IRTA
membership benefits, therefore receiving top priority for 2008.
Universal
Currency: The UC trade
volume, currently at 4.1 million, has already exceeded last year�s
3.8 million at this time. More importantly, attention was called to
the relationships forged with other UC members, the growing
membership, and the overall increased currency value.
It was also
decided that UC will soon have an international currency conversion
piece built into the GETS system it utilizes. The company�s
financials are in good shape and are strengthening each year.
Other news and
events:
The IRTA Global
Board is looking for members to participate in the newly formed
Statistics Committees. If you would like to be involved, please
e-mail Dave Wallach at
dwallach@sfoutdoortv.com.
IRTA members
are allowed one full dedicated page on the IRTA web site containing
company description. Membership also authorizes one to have the
verifiable IRTA logo on your firm�s web site. (For full details on
how to submit your one page description or to obtain information on
the verifiable logo, please e-mail Jennifer Ashworth at jen@irta.com.)
The IRTA web
site committee has recommended many positive changes to make the
site more user friendly, enhance the membership directory, and
provide more news and educational materials.
Those wanting
additional information or having questions are invited to e-mail Ron
Whitney (ron@irta.com) or Jennifer
Ashworth (jen@irta.com) or phone
them at the IRTA office (585) 424- 2940.
IMS Acquires Trade Exchange
Serving Kentucky/Tennessee Clients
International Monetary Systems (OTCBB:INLM),
which serves 17,000 customers in 48 U.S. markets, has procured the
assets and client base of Synergy Trade Exchange, a barter network
serving clients in Louisville (KY) and Nashville (TN).
The acquisition will eliminate a competitor of
the New Berlin-based commercial barter services firm, which operates
a Louisville office. Business for that office will nearly triple as
a result of the deal, IMS reported. Terms of the transaction, the
company's third in the past six weeks, were not disclosed.
�Combining the Synergy Trade
Exchange members with ours will make International Monetary Systems
the dominant barter system operating in northern Kentucky,� said CEO
Don Mardak.
Aspen�s High Prices Overcome Via Barter
In one of the
most beautiful areas of the world�Aspen, Colorado�the prices are
absurd! You don�t get nickeled-and-dimed but 100-dollared and
200-dollared. Recently in The Wall Street Journal, an article
noted how the entire city is becoming �too swanky� with all of the
high-end, world-famous clothing and jewelry stores.
This is the
place of $50 oil changes, $30 an hour for baby-sitting, and
lift-tickets cost $87...in comparison, a day of skiing at the finest
resorts in Europe is never more than $60. As a result, the locals
are finding that barter is increasingly important; trading one�s
services is the way to keep costs down.
Aspenites are
clever about stretching their money. They know the places to go for
affordable fine dining (on bar menus) at area restaurants. And they
earn tickets to high-dollar events - like the Food & Wine Classic or
Jazz Aspen - by bartering (volunteering) their time.
When it comes
time to get their house painted, pipes fixed or baby-sitting, and
they don�t want to pay the inflated prices, many offer their
services in exchange through the local informal bartering system.
For the informed business owner in Aspen, there is a commercial
trade exchange there...International Monetary Systems.
Living in the
famous resort town calls for some imagination, but most Aspenites
say it�s worth it.
High-Technology Exchanged For Oil Equity
With the high
price of oil, new technology from a company in India is suddenly
very popular. The Indian company, Oil Natural Gas Corporation (ONGC),
has developed a heavy-crude recovery technology. They are bartering
the use of their technology to both Petro�leos de Venezuela (PDVSA)
and Syrian Petroleum Corporation (SPC) for an ownership position in
various oil fields in the two countries.
The technology
has been developed in-house by the ONGC team, which has been working
on the project since 1978 for Baloi, Santhal and Lanwa oil fields in
North Gujarat, India.
IMS
Plans Nationwide Series Of Holiday Barter Expo�s
International
Monetary Systems, a worldwide leader in business-to-business barter
services, has announced the schedule for its upcoming series of 14
Barter Expositions and Holiday Gift Shows. The events will be kicked
off in the Chicago area on October 20 at Harper College in Palatine.
More than 1,000 IMS clients will be exhibiting at each event, with
thousands of other members attending.
In the past,
these holiday expo�s have generated considerable revenue and trade
volume, giving a substantial boost to the company's fourth-quarter
income.
Dates and
cities for the events are as follows:
Saturday,
October 20 - Chicago, IL.
Saturday, November 3 - Milwaukee, WI.
Tuesday, November 13 - Hartford, CT.
Tuesday, November 13 - Columbus, OH.
Wednesday, November 14 - Denver, CO.
Thursday, November 15 - Rochester, NY.
Saturday, November 17 - Reno, NV.
Saturday, November 17 - Las Vegas, NV.
Sunday, November 18 - Santa Clara, CA.
Wednesday, November 28 - Toronto, Canada.
Thursday, November 29 - Chattanooga, TN.
Sunday, December 2 - Santa Rosa, CA.
Saturday, December 8 - Wichita, KS.
(To be announced) - New York, NY.
The shows are open to the public. Please
contact the office nearest you for directions and other information.
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:
bmeyer@barternews.com.
(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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