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December 2, 2003

Written by Bob Meyer, Editor of BarterNews

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U.S. Government Scores Big With Exchange Agreement

They did it in 1983 when they guaranteed a loan for Chrysler in exchange for warrants to buy Chrysler stock. And they have done it again.

In December 2001 the U.S. government offered loan guarantees to American West Holdings Corp., US Airways Group and others in exchange for warrants to buy their stock. (It was a commitment to help airlines reeling from the impact of the September 2001 terrorist attacks.)

To date, profits on their "exchange agreement" are $264.6 million. Now the government faces the decision of whether to sell or hold its airline stocks.


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ITEX Completes Sales Of Fourth Corporate-Owned Office

The sale of its corporate-owned trade office located in Seattle, Washington, has been finalized by the ITEX Corporation (OTCBB:ITEX).

The Seattle office will continue operations wherein ITEX (www.itex.com), as part of the sale's agreement, will retain ownership of the client base (more than 500 clients) and continue to generate transaction revenue from the operation.

A newly formed company, Seattle Trade Exchange LLC, is the purchaser of the afore-mentioned office. The company will be operated by Ms. Bobbi McMullen and Ms. Florence Vincent. McMullen has been employed by ITEX for more than three years, and was General Manager of the Seattle office. Vincent has been an ITEX broker in Olympia (WA) for over seven years.

The purchase price was $500,000, with a $50,000 cash down-payment. The balance of the purchase price is payable over seven years.

Steven White, Chairman of the Board, stated, "This sale completes the divestiture of our four largest corporate-owned offices. We are closer to our primary goal of creating an efficient, focused corporate business payment-system technology, and support of our broker network." For more information contact: Alan Zimmelman (916) 679-1222.


Don't Miss The 29 Informative Articles Listed In Our "Trade Exchange" Section

Learn how to use barter to reward and motivate your employees, or to assist your most valued customers. See why your company's team of professional advisors should include a barter expert. And check out the ten ways barter can help you build greater assets, plus much, much more!

To read any one or all of these interesting articles see "Barter Categories" listed on the horizontal navigational bar at the top of our web site, and then click "Trade Exchange" on the drop-down menu.


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Autumn Trade Fairs & Holiday Expo's....

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 4: The BXI Columbus Trade Fair will be held at the Aladdin Shrine Center in Columbus (OH). For more info: (614) 848-7788.

December 6: ITEX Denver Holiday Trade Fair will be held at 5293 Ward Road, Arvada (CO). For more info: (720) 889-1365.

December 6: The Oklahoma City Trade Fair will be held in the Plaza Hotel & Conference Center at 4345 N. Lincoln Boulevard. For more info: (405) 528-3337.

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 8: ITEX-St. Louis will hold their Holiday Trade Fair in the upper level of Cowards Restaurant at 3979 Mexico Road, from 4 p.m. to 8 p.m., in St. Peters (MO).

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: bmeyer@barternews.com)


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Here & There...

  • Warehouses around the world are seeing an uptick in traffic of retail items, commodities, and domestic goods indicating strengthening economies. Even though Christmas-related goods have already passed through, warehouses are logging capacity rates between 80%-95%...well above the previous year's levels of 70%.

    According to Bob Shaunnessey, executive director for the Warehouse Research Education Council, a trade organization for supply chain managers, "When consumer demand goes up, the activity at warehouses goes up."

  • 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 economic recovery has certainly picked up momentum, as evidenced by the U.S. Commerce Department's report that profits at American companies rose 30% in the third quarter. It's the largest year-over-year profit growth in 19 years, topping $1 trillion for the first time in history!

  • The biggest worry of small businesses is the cost of health insurance and concerns about providing health coverage for their employees. "Small employers have always been particularly vulnerable to premium increases, and few have the resources to thoroughly investigate the coverage options available," confirmed Michael Morrisey, University of Alabama, Birmingham, professor who authored the survey.

  • The next boom in China? Golf, as a rising percentage of China's 1.3 billion people have become smitten with the centuries-old game. Developers spent $4 billion during the last 20 years to make China the fifth biggest golf-playing nation behind the United States, Japan, Canada, and Britain. Plans include doubling the number of courses in the country to 400. (Last year there were 16,095 golf courses in the USA, 2,579 in Britain, and 2,317 in Japan.)

We welcome your comments, questions, and observations.
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