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July 12, 2005
Written
by Bob Meyer, Editor of BarterNews
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ITEX
Makes Bold Industry Move In BXI Acquisition
BXI Exchange
was started by M.J. McConnell back in 1960. McConnell, a member
of IRTA’s “Barter Hall of Fame” was the acknowledged
father of the trade exchange industry in America. And for many years
BXI was the undisputed powerhouse of the industry. In the 1980s,
for instance, the company could proudly claim a membership base
exceeding 20,000; in those days the future seemed unlimited.
How times have
changed! Despite some capable brokers in the field, the membership
roles have plummeted year after year for nearly a decade. While
conjecture for the demise can be debated, the fact is this once
proud organization is a shell of its former self. At the time of
the acquisition by ITEX, BXI’s membership roles totaled 8,000...still
a considerable number, but a far cry from the days when the company
was flying high.
Steven White,
the astute and enterprising CEO of ITEX (OTCBB:ITEX), took advantage
of the situation and propitiously snapped up the once-outstanding
BXI organization with a bold move last week for $3,680,000. An acquisition
that stunned the industry!
ITEX now has
a membership in excess of 21,000, the largest in North America.
Annual transaction volume will be north of $300 million, and over
300,000 transactions are expected to take place per year—or
one nearly every 30 seconds of every business day.
Integration
of the ITEX and BXI trading networks, where members of each will
trade through one entity, is expected to be completed by the end
of July. The company will operate from Bellevue (WA) under the ITEX
brand. For more specific details on the merger go to www.itex.com.
Every
Billionaire In The World
Used At Least One Of These 9 Strategies
A most fascinating
article on the above headline will be published in the September
issue of The Competitive Edge newsletter. (See the following
article for more information on this valuable newsletter.)
Three of the
nine billionaire strategies incorporate, in one way or another,
barter. If you are operating a barter business and want to get your
clients truly excited and motivated to use the world’s most
exciting and profitable business tool it’s time for you to
take some action! Learn what the three strategies are and then point
them out to everyone in your exchange, as well as all of the prospects
you to talk over the next decade!!
Start right
now...use The Competitive Edge—a most valuable marketing
tool to build your business in addition to helping your clients
build their wealth! Give Bob Meyer a call today for full details
(949) 831-0607.
....
“What
we have here is a failure to communicate!”
Years ago, one
of the most visible people in the barter industry said the #1 reason
why the industry wasn’t farther along in its development was
due to a “failure to communicate” by those in the business.
This realization
was the genesis of The Competitive Edge newsletter, now
into its 18th year of publication. Trade exchange owners who use
this powerful marketing and promotional tool are never guilty of
“failing to communicate.”
As the owner
of a trade exchange you must stay in front of your clients. Informing,
educating, and inspiring them, because your clients’ bartering
is a relatively small percentage of their overall business. So if
you don’t keep their interest and enthusiasm for trade at
a high level, you lose.
Your primary
aim, like all other businesses, is to get your clients coming back
for more. Every extraordinary business (and every trade exchange
owner who wants to be extraordinary) knows that the customer you
have, is a lot less expensive to sell than the customer you don’t
yet have!
Want to take
your exchange to a higher level? Use The Competitive Edge
newsletter in your operation—it “sells” the many
benefits of working through your trade exchange like nothing else!
To
learn more about The Competitive Edge newsletter and how
it can help build your trade exchange, click
here.
Thank
You Xi Sun...We Agree With You!
Unless one has
their head in the sand it’s obvious to see that China
and the industrious people of that nation are making enormous
strides in the world’s marketplace. They’re doing
so because they’re smart and eager to take advantage
of the experience and achievements of those who went before
them. Here’s an example. . .
Xi Sun, General
Manager of Golden Trade International in Beijing, sent me
the following note after purchasing the FastStart Program
I & II, plus some other materials we offer.
“I really
enjoyed reading your personal letter which came along with
the FastStart Program. It encouraged me to put more endeavor
into this exciting industry. The materials you sent to me
are very valuable, and my colleagues and I are studying very
hard.”
Needless to say,
we at BarterNews agree with his assessment. We are offering
the marketplace very valuable, one-of-a-kind information and
money-making materials.
You can pay $50,000
to attend the best MBA programs at the finest universities
in the country, but you won’t find this material offered
in any classroom.
Well-known
business seminar promoters charge $25,000 to attend their
programs, but this information isn’t available there
either. To get the finest, most informative, in-depth help
on little known techniques and powerful barter strategies
to increase your company’s cash flow and profits get
your personal copy of BarterNews’ FastStart I &
II.
Click
here
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Thailand
To Acquire Chinese, Russian Weaponry In Barter Deals
Thailand will
soon acquire Chinese armored vehicles and Russian helicopters through
barter agreements for its agriculture products, according to the
Bangkok Post.
China is providing
132 armored vehicles, worth about 1.6 billion baht (US$38.6 million
or euro$32.3 million) in the barter deal for longan fruit. Moscow
is sending four MI-17 helicopters in exchange for Thai rice.
The Thai-Chinese
transaction was concluded during Prime Minister Thaksin Shinawatra’s
visit to Beijing last week. Thaksin has stressed that the country’s
weapons procurement be conducted under barter trade agreements for
farm products.
Every
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
Looking Back...Issue #4 of BarterNews
In 1982 we reported
on a historic Sierra Nevada mountain sawmill community, complete
with all residential and commercial facilities on 750 acres of fee
land, was up for sale or trade. Owners of the town, located 150
air miles north of Los Angeles in Tulare County, also were offering
the 71 separate mountain houses, numerous R.V. sites, a community
hall, grocery store, restaurant, bar & lounge, post office,
office building, and three large equipment buildings. The price
for the spread back then? Only $4 million...
Get
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
of BarterNews.
WSJ’s
Top Economic-Forecaster Pick Worried About Real Estate Froth
David Berson,
chief economist at the giant mortgage-finance company Fannie Mae,
was named the top economic forecaster for the first half of 2005
in The Wall Street Journal’s semiannual forecasting
survey.
What’s
most interesting, at a time when the housing market is a major pillar
of the economy, is this housing expert’s concern about the
state of that market. Looking forward for the next 12 months, Berson
is worried due to the “growing share of investors” in
the market...which he sees as being overheated in parts of the country.
The National
Association of Realtors (NAR) shows nearly 25% of homes sold last
year were snapped up by investors rather than by individuals seeking
a place to live. Berson says these investors have added substantially
to housing demand, and they’re a volatile group. He is additionally
concerned about the increasing use of “risky financial products”
by home buyers—like mortgages with interest-only payment features.
(Editor’s
note: John Tucillo, a real-estate consultant and former NAR chief
economist. agrees with Berson’s assertion. “What you
will see down the line is that speculators will find that their
expectations are not fulfilled, and they will bail out with little
or nothing to show for their efforts. And that will have a mini-firesale
effect on the market.”)
Now
available ...BarterNews issue #64, get your copy
now! Orders will be shipped within two business days of publication.
Click on Order Form.
(If you
are not sure if your subscription has lapsed, e-mail your name,
address, and zip code to bmeyer@barternews.com.
Here
& There...
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