November 16, 2010
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Online Barter Network For Artists & Designers
A new online barter network that focuses on artists and
designers is www.OurGoods.org. It promotes the
trading of skills, space, labor and art objects. Monthly
barter matchmaking events are also scheduled.
That Are In A �Bubble� Category (Besides Real Estate)
The president of the Minnesota Federal Reserve recently
published a paper wherein he suggests other bubble assets
are lurking out in the global economy.
Here is his list: gold, real estate in China, alternative
energy, commodities, Apple Computer (AAPL), social
networking, emerging stock market, small tech companies,
U.S. dollar, and U.S. government debt.
Coast & East Coast ITEX Holiday Trade Shows Scheduled
The largest barter holiday trade show held on the West Coast
will be held at the Fairplex in Pomona (CA) from 9am to 4pm
on Sunday, November 21. For further details call
The East Coast location for the ITEX trade show will be at
Amarante�s Sea Cliff in New Haven (CT). For further details
TradeAmericanCard Expo Slated For December 4
Saturday, December 4, is the date for the 35th
TAC annual Holiday Barter Expo. The location will be the
Business Expo Center, next to Angels stadium, from 10am to
3pm. For more information call 714-532-3500.
back issues of "From the Desk...� can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a �box� at the end of the
newsletter for your convenience.
See you next week. . .)
IMS Reports Third
Quarter & Nine Months Financial Results � Trend Toward Operating
International Monetary Systems (OTCBB:ITNM), has posted its
financial results for the third quarter and nine months ended
September 30, 2010.
Financial highlights include:
increased 1.2% compared to the third quarter of 2009.
Year-to-date employee costs were reduced by 1.7% compared to the
first nine months of 2009.
liabilities have been reduced by more than $900,000 since December
extraordinary legal fees and the cost of settling income tax audits,
year-to-date net income would have been approximately $350,000.
the third quarter ended September 30, 2010 International Monetary
Systems generated gross revenues of $3,760,487, an increase of
$46,040 or 1.2%, compared to the third quarter of 2009. Much of this
increase in gross revenue resulted from a significant transaction in
its corporate barter division. The company continues to develop and
grow this division, with the anticipation that this division will
become an increasingly important part of its business model.
Operating expenses in the quarter were $3,318,451, an increase of
$149,325 or 4.7% compared to the third quarter of 2009. This
increase is primarily due to increased legal and investor relations
costs. The net operating profit was $197,278 for the quarter,
compared to a net operating profit of $357,666 in the third quarter
of 2009. After adjusting for interest and income taxes, the net loss
for the current period is $37,642, compared to net income of
$214,180 in the third quarter of 2009.
EBITDA (earnings before interest, taxes, depreciation and
amortization) for the present quarter ended September 30 was
$602,901, compared with $748,792 in the prior year's third quarter.
more info on IMS
Is Your Trade Exchange Missing Out On
Valuable New Business?
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.
your barter company�s listing up-to-date?
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:
make changes to your listing
ITEX Boosts Cash
Dividend By 60%
ITEX, the largest trade exchange in the U.S., announced that its
Board of Directors has approved a 60% increase in the quarterly cash
dividend to 4-cents per share (16-cents per share on an annual
basis). The next quarterly dividend will be paid on December 20,
2010, to stockholders of record as of the close of business on that
continue to generate positive cashflow providing us the ability to
return more cash to stockholders, without jeopardizing future
strategic opportunities,� explained Steven White, ITEX Chairman and
CEO. �We have confidence in our operational performance going
forward, and we will manage available and future cash resources
wisely in order to deliver a consistent dividend that current and
future shareholders can rely upon.�
more information about ITEX
International visitors look for BARTER CONTACTS in our Global Barter
Section. If YOUR exchange isn�t listed see the forms on the lower
left of the page. (Click
Attention trade exchange owners...thousands of visitors every month
visit our BARTER CONTACTS section on our web site where we have
names & addresses of barter companies in the USA. If YOUR exchange
isn�t listed, or the information is incorrect, you can correct the
situation by using the forms to the lower left of the USA map. (Click
Continually Be Alert For Con Artists!!
We�re seeing an amazing growth of new businesses nationwide,
propelled by an entrepreneurial desire held by many Americans.
this eager class of risk-takers is discovering that the challenges
can be greater than they ever imagined.
all the normal bedevilments of small business � tight financing,
uncertain markets, strong rivals � add another: a new breed of
unscrupulous moneymen who prey on entrepreneurs.
artists have been around for ages, of course. But the fatal
combination of entrepreneurial fervor, financial need, and naivet�
makes fledgling business owners these days easy marks for a new
variety of scamsters. Filled with enthusiasm for their own ideas,
they can be startlingly inexperienced in finance.
�Technical entrepreneurs, especially, think what they do is
important, but that the business side is trivial,� revealed Brad
Bertash, director of a Salt Lake City nonprofit venture-capital
consulting firm. Above all, what makes emerging companies ripe for
scammers is their often desperate thirst for capital, and the
historical difficulty in obtaining funding for start-ups.
entrepreneurs are left to swim in shark-infested waters. Well
intentioned efforts by the government to make it easier for small
businesses to raise capital have paradoxically created hotbeds of
abuse. Indeed, many of the schemes used to squeeze money from
unsuspecting entrepreneurs are technically legal. Operating just
this side of the law, many sophisticated promoters take advantage of
�These guys are like tax attorneys � always looking out for a new
loophole,� explained Howard Sirota a former securities dealer
investigator. �They know exactly how far they can go, and still
Money-Making Reports Available From BarterNews
Something to think
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hardest task in the world? To think.�
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today�s New Age
There are many forms of secondary
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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...
Get New Money-Making Ideas And
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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