November 30, 2010
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Americans� Credit Card Debt Growing
Public policy group Demos, reports that Americans 65 and
older carry a balance on their credit cards that averages
$10,235, up 26% from 2005. The Washington DC-based firm
noted that 50% of seniors cite credit card interest and fees
as a reason for their bankruptcy filings.
Euro/Asian Chapter Formed
On October 30, 2010, six European and Asian member companies
of the International Reciprocal Trade Association properly
submitted a written chapter application to the IRTA Global
Board of Directors for approval, pursuant to IRTA Global
Bylaw requirements. The application was approved unanimously
by the IRTA Global Board of Directors, and therefore the
IRTA Euro/Asian Chapter has been officially approved and
For more information on IRTA
TradeAmericanCard Expo Slated For December 4
Saturday, December 4, is the date for the 35th
annual TAC Holiday Barter Expo. The location will be the
Business Expo Center, next to the Angels Stadium, from 10am
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. . .)
U.S. Bank Expands ITEX�s
Line Of Credit To $3 Million
ITEX Corporation (OTCBB:ITEX), a leading marketplace for cashless
business transactions in North America, has announced that the
credit facility with its primary banking institution had been
expanded to $3 million.
ITEX, the nation�s largest trade exchange, and U.S. Bank entered
into an agreement to increase the maximum loan amount under its
revolving credit facility from $2.5 million to $3 million. The
interest rate of the facility is one-month LIBOR + 2%; equivalent to
a current interest rate of 2.3125%.
Steven White, ITEX Chairman and CEO, noted, �U.S. Bank has been a
great partner over the years and we appreciate the support it has
provided to help us expand our business. We are in a great position
to pursue opportunities as they may arise, with access to more than
$8 million in capital, which includes our existing cash reserves.�
Timothy J. Flynn, Vice President of Commercial Banking for U.S.
Bank, commented, �We are pleased with ITEX�s consistent financial
performance and overall success during the last seven years. During
this period, ITEX has done an exceptional job strengthening its
balance sheet and demonstrating sound fiscal management. These
factors, along with our positive and open communications with the
ITEX management, were instrumental in approving the line of credit.�
more information on ITEX
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
What Will Life Be Like
In 10 Years?
Peter Ueberroth, former Major League Baseball Commissioner and
organizer of the 1984 Summer Olympics in Los Angeles, recently
looked into the future. His interesting observations are as follows:
economy will have more than doubled and be closing in on the United
States. The reason for this is primarily poor leadership by both
U.S. political parties as they ignore or attack the entrepreneurial
private sector, which is the engine of our economy and jobs.
Immigration will be better in the Unites States because Canada,
Mexico and the U.S., will realize there�s an advantage for the three
countries in North America to be working together rather than
struggling separately. Each country can grow its national pride and,
at the same time, they can support North America unity.
still be a large surplus of office space in this country. Thirty
percent of the working public will be working from home or at very
small workstations at their companies.
environment will be better because current scare tactics will be
replaced by real science and a universal global commitment that all
citizens want to clean up after themselves for the next generation.
have surpassed China as the most populous country in the world �
China�s one-child-per-family policy being the factor.
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
�Independent store owners who choose to compete � and implement
innovative strategies � really can succeed in going head-to-head
�Don Taylor, author of
Up Against the WalMarts.
successful independent retailer today sees the super-stores and
chains as �steamships plowing through the ocean, and themselves as
the sleek race boat zipping around and through them, and changing
direction on a dime!�
It�s a tremendous (and needed) advantage when going up against the
superior resources of the giants, according to Don Taylor, author of
Up Against the WalMarts: How Your Business Can Prosper in the
Shadow of the Retail Giants.
More than ever, independent retailers know and understand that it is
necessary to adapt to their customers. So the number one question
they�re asking is: �How can I better serve you?�
of the top strategies the wise retailer uses for increasing business
is working with his local trade exchange, where additional sales are
realized without upsetting the cash market. So it�s the best of both
Money-Making Reports Available From BarterNews
How To Get More Sales In
Our street-smart restaurant
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restaurant�s sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today�s New Age
There are many forms of secondary
capital�which can be defined as any financial instrument that
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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