IRTA Begins Search For Next Executive
Director
Do you know someone who may be interested in becoming IRTA's next
full time Executive Director? The role requires excellent
communication and writing skills, marketing experience, knowledge of
all basic computer programs. Experience with management of
non-profit organizations is a plus.
Please send your resume and cover letter to Krista at IRTA ...
krista@irta.com.
Art Goehring Selected For IRTA's 2007 Hall-Of-Fame
Well-known
commercial barter industry veteran Art Goehring, launched Columbus
Trade Exchange (CTE) in the fall of 1976. The company then became
Tradecard/Tradecorp, one of the most respected trade exchanges and
corporate barter companies in the country. Tradecorp was purchased
by IMS in 2003.
Goehring came
into the industry with extensive management experience and was an
early organizer of trade exchanges that eventually unified, becoming
the International Reciprocal Trade Association in '78 and early '79.
He may be best
recognized for his television appearance on the popular Today
Show in October 1979 where he spoke to a national audience about
commercial barter. It was a high profile, positive national exposure
for the emerging barter industry.
Off camera, the
personable Goehring headed up the IRTA Government Relations
committee during the two-year Washington lobbying period. He played
a major role in the tireless efforts that culminated with the TEFRA
Act of 1982, which gave trade exchanges third-party record keeper
status�enacted into law with 1099B reporting.
The
International Reciprocal Trade Association will be recognizing
Goehring's achievements and contributions to the commercial barter
industry in Savannah, at the association�s Annual Awards Dinner on
September 11.
For more
information on this year's IRTA Convention see the top of page,
�Site Sponsors.�
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articles posted on our blog.
Click here
www.barternews.com/blog.
ITEX Corporation Completes Intagio
Acquisition
ITEX Corporation (OTCBB:ITEX), a
leading marketplace for cashless business transactions in North
America, reported it had completed the acquisition of the trade
exchange marketplace previously operated by Intagio Corporation of
San Francisco. (See Tuesday Report dated July 31, 2007.)
In addition, it entered into a
separate agreement with NYTO Trade Incorporation, ITEX's largest
franchise, granting for $200,000 the right and license to manage the
newly acquired members located in New Jersey and New York. The New
York franchise is owned and managed by John Castoro, president.
Chairman and CEO Steven White,
stated, �We are pleased to have successfully completed this
acquisition, expanding our member base in the ITEX community as well
as contributing to the growth of our franchisees. We swiftly reached
an agreement with our largest franchise to manage a group of our
newly acquired members (from Intagio).
�We are confident John and his
team will quickly welcome and assimilate these members into our
trading community,� continued White. �The remaining members will be
closely managed by corporate-owned offices in San Francisco,
Chicago, Cleveland, and two suburbs near Hartford (CT).
Castoro, president of NYTO Trade
Incorporation, purchased the right and license from ITEX to manage
certain former Intagio members in New York and New Jersey. This
transaction creates an enterprise for him that generates nearly
$1.25 million in cash transaction and subscription fee revenue a
year, with more than 1,400 members conducting $18 million per year
in transaction volume.
Bartercard International Sells Australian Arm For $25.5 Million
London-based
Bartercard International has completed its privatization and also
sold, on August 2, Gold Coast-based Bartercard Australia for A$25.5
million. The board of Bartercard is also proposing to pay at least
A$10 million in special dividends to shareholders. (Payment is
likely to take place within the next 60 days.)
Funding for
the A$25.5 million purchase was provided by the National Australia
Bank, along with Bartercard International�s vendor financing of A$6
million for the balance. Bartercard Australia will continue to be a
licensee of Bartercard International and will pay annual licensing
fees of A$2.5 million.
The Australian
arm [Bartercard Australia] has 23,000 members, and was acquired in a
management buyout led by Brian Hall (a company founder), Murray
D�Almeida (Executive Director of Sales), and Trevor Dietz (Managing
Director of Bartercard Australia).
Hall,
D�Almeida, and Dietz will have 75% ownership of Bartercard
Australia, with the balance held by a private equity company�CAT
Capital. Bartercard International will retain a 0.5% stake.
According to
Wayne Sharpe the moves represent a major step forward for Bartercard,
both in Australia and internationally.
�Businesses
can do better when management has ownership and this was the
reasoning behind the management buy-out (MBO). Evidence of this was
the MBO of Bartercard New Zealand from Bartercard International five
years ago. They have achieved impressive growth,� Sharpe asserted.
Sharpe says
the company will also sell its UK operation as part of a new
strategy to focus on being an international licensor, rather than a
licensee. Selling the Australia and UK licenses will allow
Bartercard International to expand its European network and push
into the USA.
Founded in the
Gold Coast in 1991 by Wayne Sharpe, Andrew Federowsky and Brian
Hall, the company now has 58 offices in Australia. Bartercard
International was formed in 1996 and has grown to become the world�s
largest trade exchange...with operations in twelve (12) countries
including the UK, Asia, and the Middle East. Planned expansion in
the future will include India and South Africa.
For more
information on Bartercard see �Site Sponsors� at the top of the
page.
TTi Reports 2007 Trade Activity
TeleTrade int�l,
announced its first half trade activity for 2007 has seen a total of
$54,275,974.36 for worldwide trading on its online platforms for
independent trade exchanges.
All exchanges within the
eValues.net platform have seen first half volume of $29,469,180.13.
The total on all worldwide platforms, since 1999 when TTi took its
technology online, now exceeds one-half billion dollars...standing
at $507,621,684.01.
TTi�s proprietary swipe
card terminal technology combines the ability to process credit,
debit, discount and barter programs all from one terminal. They
offer participating merchants the guaranteed lowest credit and debit
processing rates in the nation.
Merchants will have to
upgrade or replace their existing terminal hardware in 2007 to
become compliant with the Visa/MasterCard fraud and security
requirements.
The eValues.net systems
are continually being enhanced by a full-time staff dedicated to
making trading opportunities easier. According to CEO Gary Lasater,
the eValues system will see a wide range of new and exciting
unequaled enhancements introduced by the beginning of the third
quarter.
For further information
contact Gary Lasater at (303) 840-7172 ext. 1 or
gary@teletrade.net.
Aramex Partners With BizX Trading For Trade Exchange Market
BizX Trading (BizX)
has signed an agreement with Aramex, a leading provider of total
transportation solutions in the MENA region and South Asia, wherein
Aramex will exchange logistics services for a range of products and
services available in the BizX Trading exchange on a barter basis.
This deal comes
on the heels of a dozen partnerships formed by BizX, the
international division of the USA-based BizXchange which is a
business-to-business barter exchange, in its efforts to bolster its
Middle East pool of partners.
�Our
partnership with BizX will help us in creating budgeted value from
our excess capacity, where we can now utilize the full value of any
extra capacity by trading that value for services through BizXchange,�
said Samer Hajjar, General Manager of Aramex Dubai. �This value will
offset cash expenditures and at the same time allow us to invest
more in attracting new customers.�
Bob Bagga,
President and CEO of BizX Trading, added, �This partnership with
Aramex �one of the region's most recognized courier and shipping
companies�will encourage other organizations to join our exchange
and benefit from the tremendous values that both BizXchange and
barter bring to the table.�
The use of BizX
as a trading platform expands the ability to trade by allowing
companies to buy and sell products and services with a variety of
other exchange partners.
In the Middle
East, BizX focuses on developing partnerships with companies
involved in real estate, media, travel & hospitality, printing and
any other business that carries excess inventory or capacity. Such
companies, can �sell� this spare capacity to BizX and in return
�buy� back the equivalent value in a variety of products and
services from other BizX partners.
Since its
formation in 2002, BizX has conducted over US$150 million in barter
transactions. It has approximately 1500 active member companies,
with affiliates worldwide in Singapore, Turkey, Malaysia, Australia
and the UK. BizX had been operating in the Middle East for over two
years before officially launching its regional office in Dubai on
June 10, 2007, as an international hub for its global exchange
network.
Universal Law-Of-Reciprocity Key To Trade Exchange Success
Every trade
exchange owner in the world should not only be aware of the
law-of-reciprocity, but using it, in the operation of their
business.
Trade
exchange owners are invited to e-mail
bmeyer@barternews.com
for more information on how you can become �the exchange of choice�
in your area. When e-mailing Bob Meyer, put �Law of Reciprocity� in
the subject line.
Hotel
General Managers
Here�s
The Easiest $100,000 You�ll Ever
Bring To The Bottomline!
Collect
cash, as usual, from the guest accounts staying at your
facility that require the use of professional AV services.
And rather than shouldering your ongoing employee costs, or
your current vendor�s cash agreement for AV services,
here�s a much better alternative:
Work
with a proven national vendor (a sterling 25-year track
record) who will provide all of the AV services for your
hotel on a 100% TRADE BASIS! (Payment to be in the form of
hotel rooms and/or trade dollars.)
Your hotel�s annual AV billings must be a minimum of $200,000, and this
offer is available only in the continental United States.
For a
confidential introduction contact Bob Meyer via e-mail:
bmeyer@barternews.com.
(Please type in AV Services On Trade in the subject
line of your e-mail.)
Attention Trade Exchange Owners:
If your
member hotel(s) have a minimum of 10,000 sq. feet of meeting
space and annual billings of at least $200,000 for AV
services this is a great opportunity to earn substantial
cash service fees on the hundreds of thousands of trade
dollars your hotel member will be paying the vendor. Contact
Bob Meyer at the above e-mail. |
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The Growth and Use of Secondary Capital (New Money) Creates
Unprecedented Wealth In Today�s New Age Of Possibility
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...
www.barternews.com/secondary_capital.htm.
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New Money-Making Ideas And Valuable Contacts!
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