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December 19, 2000

NBC Internet And Bigvine Complete Transaction Forming

NBCi's and Bigvine, an online barter marketplace for small businesses, have closed their transaction to combine the operations forming a new internet company focused on the small business market.

The new stand-alone company combines's content and user base of over one million businesses with Bigvine's transaction engine and trade currency to create a comprehensive service and commerce platform for small businesses.

American Express, which has been actively marketing Bigvine to its more than two million small business customers, will continue to support the new company through strategic co-marketing efforts. NBCi will provide AllBusiness with television advertising on CNBC and NBC. Further marketing support comes from other industry-leading partners, including Delta Air Lines, and Starwood Hotels and Resorts.

The former Bigvine shareholders, including Kleiner Perkins Caufield & Byers, American Express, and Kohlberg Kravis Roberts & Co., own approximately 51% of the new venture, while NBCi owns approximately 49%. Bippy Siegal, is Chairman and CEO of the new venture, which is headquartered in San Francisco.

AllBusiness Signs Strategic Alliance With Roving Software

AllBusiness has signed an agreement to offer Roving Software's Constant Contact e-mail marketing software to its small business users. In exchange, as a preferred partner, Roving's e-mail marketing program will be promoted and distributed through AllBusiness' various channels.

InterTrade Releases Version 3.0

The new version of was released on December 19. Information and a confidential online demo of the new version of the Independent Broker Alliance's online Trade Exchange Management system are available by email request to:

Excess Inventory To Grow

A growing market for the barter industry, as well as online auctions and exchanges, is the excess inventory and idle assets market. It represents a $362 billion market and will grow to $380 billion by 2002, according to a statistical abstract compiled by the U.S. Department of Commerce and the World Bank.

A new company, ESprocket, has developed a technology that mirrors the real-life negotiation process, enabling customers to initiate and complete all aspects of used-capital equipment transactions, including negotiations, fulfillment, appraisals, financing, and inspections--all online. Their web site has 30,000 listings.

Here And There. . .

  • First International Bank ( is a world leader in the use of SBA, USDA, and Export-Import Bank loans. The company has representatives at 29 locations worldwide, including offices coast-to-coast in the U.S. and internationally in the Americas, Asia, Africa, the Middle East, and Central Europe.

    Services range from basic payment guarantees, working capital lines, equipment loans, and industrial mortgages to sophisticated international trade, barter, and energy financing programs.

    In 1999, the company originated $551 million in loans primarily within its industrial niche, and closed the year with a managed loan portfolio of $1.1 billion. For four straight years, the company has been the world's number-one underwriter of loans supported by the U.S. Export-Import Bank...based on number of transactions, closing more than 100 loans each year.
  • Bill Gates "Quid pro quo" provided the Boys Club of America, which has clubs nationwide, with $88 million of Microsoft software.
  • India and Iraq have agreed on an oil for wheat and rice barter deal that would facilitate 300,000 barrels of oil delivered daily to India at a price of $6.85 a barrel! (Iraq oil sales into Asia currently are valued at abut $22 a barrel.) The United Nations must approve the transaction under Article 50 of the U.N. Gulf War place since Iraq's 1990 invasion of Kuwait.
  • The Commerce One infrastructure pact with Covisint, the online parts exchange of the Big Three automakers, sees this key technology partner bartering 14.4 million Commerce One shares to both GM and Ford (valued at $630 million apiece) in exchange for becoming a key partner in their online-parts exchange.

    Covisint is expected to handle as much as $300 billion in annual purchasing clout from General Motors, Ford, Daimler-Chrysler, Nissan, and Renault.
  • Synergy Brands,, is a developer of internet properties that strategically partner with off-line and online media companies to capture e-commerce markets within the b2b and b2c internet arena. The company has developed the following web sites:,, and

    They recently entered into an agreement with one of the largest U.S. based media bartering companies to sell $15 million of its advertising assets. As part of the agreement, Synergy has agreed with Sinclair Broadcast Group to a modification of their original agreement of November 1999.

    Synergy will regain total ownership of the subsidiary. Sinclair exchanged its 50% interest in for $8 million of BeautyBuys unused media inventory and an increase in its equity stake in Synergy Brands to 3.2 million shares and options. Sinclair is the single largest shareholder of Synergy Brands.
  • Need more convincing that the economy is cooling? Consider the latest absorption statistics compiled by Torto Wheaton Research. Because of a slowdown in leasing activity and a deluge of sublet space being released by ailing technology firms, only 21.2 million square feet was absorbed nationally in the third quarter of 2000, compared with 34.7 million in the first and 41.5 million in the second.

    Negative absorption took place in such New Economy centers as Boston, New York, and San Francisco. Many in the barter industry feel boom times are just ahead (for their alternative financial services) as the economy slows.
  • The WWRE,, is an internet-based b2b retail e-marketplace designed to facilitate and simplify trading between retailers and more than 100,000 suppliers, partners, and distributors.

    Consisting of leading retailers from Africa, Asia, Europe, and North America the WWRE is open to all suppliers and retailers who wish to use it. Currently, the exchange represents 53 retail members with combined sales of U.S. $722 billion or Euro $825 billion.
  • Follow-up on December 5th article, "The Biggest Parasites of the Dot.Com Industry" about placement of wasteful TV purchases by ad agencies, shows the dot.coms have retreated from the Super Bowl.

    Last year about half of the three-dozen sponsors were dot.coms. This year only about 10% of the in-game advertisements will be for internet companies. (A Super Bowl ad costs on average $2.4 million for 30-second spots.)
  • Our first ever "Holiday Special Offer" is listed on our home can obtain a year's worth of back issues of BarterNews for just the cost of postage & handling. It's our way of letting newcomers get acquainted with the magazine. (We ship within 24-hours of when we receive your order.)


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