Open Letter From IRTA�s Universal Currency Committee
Universal
Currency has grown leaps and bounds in 2007. The current membership
is more solid than ever. The trade volume for 2007 is a record year
surpassing all years, since 2000; while we haven't closed December
yet, we are currently at 5.4 million. That number reflects a
significant increase in the use of the platform and its value. More
importantly we are still growing...increasing our value and
strength.
Highlights of
2007 include:
UC Euro
currency:
Due to concern
expressed by our European members of the falling value of the U.S.
dollar, the committee is currently establishing the ability to
maintain an account in the euro currency. Updates will be provided
to the membership as we progress.
Increase in
international members:
UC's trade
volume increase is highly attributed to the trading between our
European members with each other and abroad. This has opened many
doors for travel destinations and opportunities.
Delinquent
account and maintenance parameters:
The UC
Committee implemented a new penalty to members who exceed their line
of credit by means of credit line reduction, transaction reversal or
other. This was created to further protect the integrity of the
system and create incentive to get back within the credit parameters
established by UC Committee International.
Looking forward
in 2008:
It is with
great pride that we celebrate our 10th year in business in 2008.
There is tremendous momentum and excitement as we enter the New
Year. Some of our core focuses for 2008 are:
Corporate
barter division:
UC formed a
corporate barter committee to increase trading abilities and explore
and expand on ideas presented by current UC members who utilize
corporate methods.
UC Euro
currency:
UC will
continue its focus to fine tune the UC European platform for our
European members.
Credit
maintenance:
The UC
Committee will continue to review all lines of credit in the system,
making necessary decisions based on each members 12-month rolling
sales history
Growth:
With continued
consolidation within the industry and the loss of a few members in
2007, we are redirecting much effort into continued growth.
In
closing...while the founders and various supporters of UC have
worked so hard throughout the years to get us where we are today,
without you we wouldn't be here. So here's thanking you all, and
wishing everyone a happy and prosperous 2008. We look forward to
breaking new records, reaching new heights and making new friends.
Very Truly
Yours,
Jennifer Ashworth, Ron Whitney & the UC Committee
(For more
information go to
www.irta.com.)
