November 11, 2003
Written by Bob Meyer, Editor of BarterNews
Communications Looks To Provide Custom Online Trade
Bentley Communications (OTCBB:BTLY) wants to provide non-profit organizations with their own online trade exchange which would enable them to more efficiently acquire and convert donated "gifts-in-kind" into other more useful items.
The tools and technology will be provided to the non-profits at no cost, and the organization's name and logo will always be prominently displayed on its site. The software used is a variation of VirtualBarter, Bentley's proprietary trade exchange management system.
The non-profits will be able to sell donated gifts through Bentley's Crump Barter Network for trade dollars, which in turn will be spent for products and services the organization needs.
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Barter Expo Creates Record Month For International Monetary Systems
Don Mardak, CEO of International Monetary Systems (OTCBB:INLM), announced that the company experienced another record-setting month in October, transacting more than $3 million worth of trade volume. Client billings exceeded $400,000, an increase of 35% over the same period last year.
"The record-setting numbers for October were a direct result of our sensational Annual Barter Expo in Milwaukee," explained Mardak. "This is especially exciting because we will be hosting four similar holiday shows in our Ohio and California markets during November and December."
Mardak was recently interviewed on MoneyTV, a nationally syndicated television program that debuted in 1996.
NOW AVAILABLE: The 16-page cover story in the current issue of BarterNews, "International Monetary Systems Aspires To Reach The Mountaintop!" is now online for you. To read the entire story, click here.
Divide Between U.S. And 12 Nations Using The Euro Is Striking
America's suddenly roaring economy is startling, and underscores a cold reality for Europe—they still deeply depend economically on the United States.
The 7.2% surge in the U.S. gross domestic product in the third quarter is likely to settle to more sustainable 3% to 4% growth next year. Europe is barely growing at 0.4% this year, and is projected to "recover" to only 1.5% in 2004.
A continuing gap will make it even clearer how much Europe relies on the U.S. economically. In turn, however, that increasing reminder of how much Europe depends on U.S. economic strength could deepen resentment toward American power in general.
A wake-up call for economic change in Europe (away from the powerful trade unions and high unemployment) is likely to come from the enlargement of the European Union to 25 members next year, most of them former Soviet satellites.
The economies of these prospective new Eastern Europe members are averaging one to two percentage points faster growth than Western European countries. While their economies are smaller, their policies are more free-market oriented and they're making a range of infrastructure investments.
PLEASE NOTE: Last Week's Lead Story on Bernard Lietaer's new global currency had several readers requesting the issue number of that story. If you have a BarterNews library, see issue #54. Lietaer's efforts were covered in the story titled, "Worldwide Participation Pushes IRTA Attendance to 21-Year High," found on page 34. (Incidentally, Walther Smets of Belgium's RES Barter Systems had 22 sales professionals attending that 3-day event at the Crown Plaza Phoenix Hotel. A total of 275 attendees broke the all-time IRTA attendance record.)
Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.
The Best And Brightest Use It—Barter Plays Role With Top Litigator
One of the foremost litigators in the world is David Boies. As lead partner in Boies Schiller & Flexner, you may remember he prosecuted the government antitrust case against Microsoft, and it was Boies who battled over Florida ballots for Al Gore in the 2000 presidential election.
In a SEC filing last month, wherein Boies is representing SCO Group in its lawsuit with IBM over Linux software, the Utah software firm "is in the process of finalizing" a deal with its counsel. It was noted that the Boies firm will be partially paid on a contingency (barter) basis that could reach $49.4 million!
SCO said its counsel would receive a fee of 20% of proceeds from a settlement with IBM...20% of any SCO equity financing during the lawsuit, or 20% of a sale of the company. To date, SCO has offered many large companies freedom from legal risk (for using Linux software) in return for hefty license fees. If any companies decide to pay such licenses, Boies Schiller would be entitled to their 20%!
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Autumn Trade Fairs & Holiday Expo's....
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.
November 23: BXI-Inland Valley Holiday Barter Fair will be held 10 a.m. to 5 p.m. in San Bernardino (CA). For more info: (909) 592-7727.
December 2: New England Trade's 7th Annual Barter Expo will be held at the Danversport Yacht Club in Danvers (MA). For more info: (781) 388-9200.
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 7: BXI-Orange Country will hold its 24th Annual Holiday Barter Faire—BXI's oldest and largest—at the Orange County Fairgrounds in Costa Mesa (CA). For more info: (714) 847-5477.
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: email@example.com)
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