by Bob Meyer, Editor of BarterNews
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Editor?s Note: We
apologize for last week?s snafu! In the earliest edition of our
newsletter last week we failed to have the one sentence
introduction to the BigVine article. It read: A look at what
was happening in the industry five years ago...October 2000.
Boston Yacht Haven Bartering $500,000 In Trade Certificates To
Reinforcing barter?s continual move toward mainstream
commerce is the recent financing effort by the Boston Yacht Haven
Marina and Hotel. They are issuing trade certificates, worth $1,000
each, to various companies that will be providing goods and services
that can enhance the Yacht Haven?s participation in the Harborwalk
master plan. The trade certificates will be honored for
The city is now constructing a boardwalk for
pedestrians to stroll the full length of Commercial Wharf, giving
sightseers a close-up look at the 105 slips in its marina with its
world-class showcase of celebrity yachts, mega-yachts and other
vessels visiting Boston.
The barter campaign is intended to leverage the
efforts of architects, engineers, exhibit designers, art directors,
media producers and event organizers who will enhance the Yacht
Haven...with an eye towards becoming the favorite destination on the
To learn more about
the Boston Yacht Haven Marina and Hotel go to
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Continues Move Forward Increasing Membership Base 60% And Tripling
Results for the fiscal year which ended July 31,
2005, for the ITEX organization have been announced. Steven White,
Chairman and CEO, pointed out, ?We ended the final month of our
fiscal year by completing the acquisition of BXI Exchange. It was
the second largest exchange in North America (behind ITEX) and was a
significant milestone for our company.?
The company has now completed eight consecutive
quarters of operational profitability. White noted, ?No other
company in the industry has the scope of presence throughout the
United States and Canada, or a nationwide franchise model. Our cash
revenues are more than triple our nearest competitor.?
ITEX fiscal year 2005 highlights:
participating in the ITEX marketplace increased to more than 22,000
from 13,400 the prior year.
acquisition of BXI Exchange, Inc.
$10,453,000 vs. $10,283,000 for fiscal 2004.
- Income from operations was
$729,000 or 4-cents a share, compared to $1,031,000 or 5-cents a share for
- Total net income was $3,098,000
or 17-cents a share, compared tO $2,653,000 or 15-cents a share for 2004.
to $9,125,000, compared to $2,923,000 for fiscal year 2004.
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
BizXchange Named 16th Fastest-Growing Private Company In Washington
The Puget Sound Business Journal has named a
trade exchange - BizXchange - as one of Washington State?s 100
Fastest Growing Private Companies. Actually, BizXchange was listed
16th on the list, quite an accomplishment for the company which was
founded in February 2002 by Bob Bagga, President, Chris Haddawy, Sr.
VP of Business Development, and Raj Kapoor, VP of Finance.
Over a three year period the company increased its
revenues 375% and grew to 19 employees. Haddawy says the company?s
success revolves around a common theme, ?Every person who works for
BizX is united under the same purpose, working towards the same
vision and operating with the same mission and core values.?
BizXchange, an IRTA Certified Trade Exchange, is
located in Seattle and the San Francisco Bay area. The company
boasts a number of big name companies as members including Southwest
Airlines, Viacom Outdoor, Clear Channel Radio, 24-Hour Fitness, as
well as the Seattle Seahawks and Golden State Warriors.
Bagga was quick to
add, ?We are only successful when we help our members improve and
grow their business.? Kapoor, wearing his finance hat, says being
honored as one of the fastest growing companies ?validates our
business model.? To learn more about BizXchange visit
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Definition Needed, Say Industry Ad Execs
Some 100 people
attended the American Association of Advertising Agencies? St. Louis
Creative Symposium the last week in October. The message to the
attendees: advertising either is dead or requires a new definition.
said that change is inevitable, given the hundreds of channels on
digital cable, the power of TiVo to skip ads, and the rise of the
Much of the day
focused on how advertising executives, in particular creative
directors, ought to think in terms of ideas and needs rather than
relying on commercials and advertisements. One example given was an
agency that hired marching bands to provide neighborhood wake-up
calls and pass out coupons for a gourmet coffee-shop client.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
IMS Launches Eight Barter Expositions For Coming Holidays
International Monetary Systems has announced plans
for a national series of eight barter expo?s in November and
December. They are expected to boost the trade exchange?s
anticipates processing nearly $50 million in trade transactions in
2005. For more information on IMS go to
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Logie Expounds On Universal Currency Merits
Richard Logie, Universal Currency Chairperson, sent
committee members a lengthy report prior to the coming holiday
season. Herein are highlights of his comments:
The UC Committee has fulfilled its commitment for
2005 by focusing their efforts in three areas:
highest fiduciary responsibility to the UC membership.
system transparent by publishing member balances.
Making UC the
most internationally accepted trade currency available.
The UC Committee is composed of six members:
of Barter Systems,
Lois Dale of Barter Advantage,
Jay Greenlees of Advantis International,
Richard Logie of The Business Exchange (Scotland),
Sirri Simsek of Turk Barter, and
David Wallach of SF Outdoor TV.
The committee met by phone every week early in the
year, and then continued every other week later on. The members
regularly discussed the status of credit requests and accounts, and
reviewed all member balances and credit lines in the system from
July through September of 2005.
A new matrix was developed that is determined heavily
on the members? rolling 12 month selling history in UC. Said matrix
was approved by the committee in August and has been applied to all
new and existing members.
The World Travel Exchange has become an integral part
of international travel for Universal Currency members. The most
comprehensive travel site developed especially for travel on trade
is becoming increasingly popular. For more information and
Every barter company in the
world is listed on our web site,
click through to our Global List of Barter Companies.
Is Real Estate Boom Creating Rackominium Bubble?
It?s always interesting to see how one sector of an
industry effects other similar sectors. For example, it?s well-known
that Florida real estate has seen abnormal development and
skyrocketing price appreciation. Now that boom is fueling another
one - a mania over boat storage. It seems that many speculators
believe that expanding waterfront condos will erase about 1,800 boat
slips in Miami.
What do you do if you can?t find a slip for your
boat? Don?t worry, Miami companies that rent them out have started
selling space in a new wave of luxury ?rackominiums,? or dry storage
spaces. They?ve convinced many boaters (and speculators) that there
will be an enormous shortage once slips are eliminated with the
In Fort Lauderdale, Port Condominium & Marina sold
100 of 125 planned slips for up to $280,000 before its October
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week?s issue we reported that General Electric is the world?s
largest (non-government) landlord, with nearly 7,500 properties.
To reinforce the incredible size and reach of GE, the company?s
in-house law firm with 1,100 lawyers ranks the company among the
largest global law firms!
The use of
coins is dropping in the developed world?s most cash-driven
economy...Japan. (Bills and coins in circulation represent 14.5%
of GDP compared with 6.1% in the U.S.) Why the drop?
Technology--electronic cash stored in smart cards and mobile
phones--continues its explosive growth.
can now pay for train fares by swiping their phones or cards
against the turnstile. Plus 30,000 restaurants, stores, and
vending machines accept e-payments. In all, about 26 million
Japanese now use smart cards and phones for small outlays in
their daily activities.
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capitalization (aggregate value of all companies listed) of
China?s stock market is $388 billion. The United States market
is approximately 50 times as large.
gigantic is the energy sector? Consider that just one company,
Exxon Mobil, has quarterly revenue topping $100 billion.
That?s more than the annual gross domestic product of New
Zealand, not to mention greater than the quarterly GDP of all
but 25 countries around the world!
missed any of our weekly Tuesday Reports the past five
years we have an archive of issues for you at the bottom of
this letter...check it out!