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The Tuesday Report

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November 8, 2005

Written by Bob Meyer, Editor of BarterNews

We Want You To Know...When you sign up to receive the FREE weekly Tuesday Report announcement your e-mail address will never be sold, traded, or given to another party.


Please Note: We receive e-mails from people who have signed up for the Tuesday Report, and then tell us they’re not receiving our weekly announcement. In most cases this is because they’re blocking unwanted e-mails.

To ensure that our weekly Tuesday Report e-mail announcement reaches your mail box, we suggest you add bmeyer@barternews.com to your address book or safe sender list.

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 Finance Harborwalk

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 all-barter/no-cash transactions.

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 Harborwalk.

To learn more about the Boston Yacht Haven Marina and Hotel go to www.BostonYachtHaven.com.

Trade Exchange Owners...

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The most powerful marketing tool in the barter industry, The Competitive Edge newsletter, is a monthly, ready to use, professional 4-page publication...no work is needed!

To learn more about The Competitive Edge newsletter and how it can help build your trade exchange, click here.


ITEX Continues Move Forward Increasing Membership Base 60% And Tripling Assets

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:

  • Completed the acquisition of BXI Exchange, Inc.

  • Revenue was $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 fiscal 2004.
  • Total net income was $3,098,000 or 17-cents a share, compared tO $2,653,000 or 15-cents a share for 2004.
  • Assets increased to $9,125,000, compared to $2,923,000 for fiscal year 2004.

Business members participating in the ITEX marketplace increased to more than 22,000 from 13,400 the prior year.

Get New Money-Making Ideas And Valuable Contacts!

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


BizXchange Named 16th Fastest-Growing Private Company In Washington State

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 www.bizx.com.

Now available ...BarterNews issue #64, get your copy now! Orders will be shipped within two business days of publication. Click on Order Form.

(If you are not sure if your subscription has lapsed, e-mail your name, address, and zip code to bmeyer@barternews.com.


New 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.

The executives 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 internet.

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.

Every 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 fourth-quarter revenue.

The company anticipates processing nearly $50 million in trade transactions in 2005. For more information on IMS go to www.internationalmonetary.com and www.cte.barter.com

Give A Gift To A Friend Or Associate. If you know someone who might benefit from this newsletter, feel free to forward it to them! (See the “box” at the end of the newsletter for the forwarding service.)


IRTA�s Universal Currency Report...

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:

  1. Maintaining the highest fiduciary responsibility to the UC membership.

  2. Making the system transparent by publishing member balances.

  3. Making UC the most internationally accepted trade currency available.

The UC Committee is composed of six members:

Perry Constantinides 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 registration see www.wtex.org.


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 condo expansions.

In Fort Lauderdale, Port Condominium & Marina sold 100 of 125 planned slips for up to $280,000 before its October opening.


Give A Gift To A Friend Or Associate. If you know someone who might benefit from this newsletter, feel free to forward it to them! (See the �box� at the end of the newsletter for the forwarding service.)


Here & There...

  • In last 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.  

    Commuters 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.
     

  • Have you signed up to receive a summary via e-mail of the Tuesday Report every week? If not, go to the top of this issue (right hand corner) and sign up.
     

  • The total 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.
     

  • How 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!
     

  • If you've 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!


 

We welcome your comments, questions, and observations.
� Copyright BarterNews 2005. Redistribution of BarterNews content expressly prohibited without the prior written permission of BarterNews.

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