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Bentley Commerce's Trade Exchange for PrimeStreet Processes $50 Million in Bond Trading and Generates $1 Million in Fees in Its First Month.


SARASOTA, Fla. -- In its first month of having its own VirtualBarter(TM) powered trade exchange, PrimeStreet, the online leader in providing a barter platform for bond and other financial instrument trading, has already generated $50 million in trades and $1 million in fees. Bentley Commerce Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BLYC), that is providing the trading platform, estimates that its cash revenue from the PrimeStreet exchange in the quarter that just ended, after transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
, will total $250,000.

"And that's just the beginning," according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Bruce Kamm, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Bentley Commerce Corp., www.bentleycommerce.com, the Internet leader in barter and trade that provides trading partners such as PrimeStreet with its online barter platform and exchange management system. "We are enabling individual companies, like PrimeStreet, as well as entire industries, that have seldom or never before used barter as a business tool, to participate in, and even set up their own online private trade exchanges and profit from barter transactions that often are not even possible with cash.

"Bringing online trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
 technology to businesses that typically haven't been involved in barter delivers new transaction capabilities and profits to all participating parties," said Mr. Kamm. "We expect PrimeStreet and other enterprise level exchanges to continue to drive Bentley Commerce's growth and revenues in the coming months. As large companies in various business sectors join our network and we make it more efficient for them and their participants to trade, so too will the trade volume, velocity and fees generated increase accordingly."

About PrimeStreet:

PrimeStreet is the leader in real-time barter transactions that enable trading of bonds and other financial instruments for trade dollars. The trade dollars earned in these transactions are then used to purchase other bonds and financial instruments, and eventually could be used to purchase real estate and other assets other assets

Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately.
. PrimeStreet's parent company's real-time credit processing platform is delivered to clients through a hosted services model and is currently used by over 60 financial institutions and more than 33 online finance centers. PrimeStreet operates in both the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Canada and is expanding globally.

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter software. Bentley intends to serve as a clearinghouse for barter trades for fortune 500 trading partners, scores of existing retail barter exchanges that serve companies of all sizes, corporate barter companies that serve large multinational corporations

Main article: multinational corporations

  • ABB
  • ABN-Amro
  • Accenture
  • Aditya Birla
  • Affiliated Computer Services Inc
  • Airbus
  • Allianz
  • Altria Group
  • American Express
  • Akzo Nobel
  • Apple Inc.
, trade associations and their member companies, as well as media and travel agencies.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king.  database system.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 1, 2004
Words:565
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