Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bentley Commerce Entered the Lucrative Corporate Barter Sector This Week and Closes Its First Multi-Million Dollar Transaction.


Business Editors

LOS ANGELES--(BUSINESS WIRE)--Feb. 27, 2004

Exclusive Agency Agreement Signed with Intertrade Capital Group to

Manage Bentley's Corporate Barter barter: see exchange.
barter

Direct exchange of goods or services without the use of money or any other intervening medium of exchange. Barter is conducted either according to established rates of exchange or by bargaining.
 Division

During its first week of operation, Bentley Commerce Corporation's (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BLYC) corporate barter group closed a $5 million asset purchase agreement to acquire resort condos and suites for cash equivalent trade credit. With its corporate barter accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying  trading format, Bentley Commerce is able to purchase future excess capacity and underperforming assets underperforming asset

An asset that earns a lower rate of return than it would be capable of earning if it were properly used. A firm with underperforming assets is a prime target for takeover. Compare nonperforming asset.
 without using its own assets or cash for purchasing.

This was the first transaction carried out through an exclusive contract Bentley Commerce has with Intertrade Capital Group, Ltd., a leading international trade finance and corporate barter company. The contract joins the Bentley Crump crump  
v. crumped, crump·ing, crumps

v.tr.
1. To crush or crunch with the teeth.

2. To strike heavily with a crunching sound.

v.intr.
 Barter Network of 180 independent barter exchanges barter exchange barter nTauschbörse f  that serve about 50,000 small to midsize businesses, with Intertrade's team of international trade finance and corporate barter specialists. Bentley's new division will enable the individual exchanges within the Crump Barter Network to initiate corporate trade transactions and to obtain the resources necessary to successfully complete transactions. Bentley will also execute corporate trades that originate o·rig·i·nate
v.
1. To bring into being; create.

2. To come into being; start.
 from sources outside of the Crump Network.

Corporate Barter, is a $60 billion potential market. More than 40% of all major companies participate in corporate trade though a handful of corporate barter companies. Most of these corporate barter companies specialize in media trades, offering media in exchange for the excess capacity, production or inventory of their clients. The problem for many of the client companies is that many do not advertise, or have other needs and have little benefit of trading their non-performing assets just for media.

Bentley Commerce plans to overcome these limitations for its corporate barter clients because its corporate barter group focuses and specializes on non-media trade opportunities for its clients, and expects to significantly expand its client company's opportunities to utilize trade dollars. Through Bentley Commerce's commercial and industrial buying consortium, a company can use Bentley Cash Equivalent Trade Credit to reduce the cash they need to purchase a wide range of business products and services, such as: printing, telecomm, voice and data, construction services, facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises.  services, warehousing materials, freight, equipment and machinery, furniture, fixtures and equipment Furniture, fixtures and equipment (or FF&E) is an accounting term used in valuing, selling, or liquidating a company or a building.

FF&E are movable furniture, fixtures or other equipment that have no permanent connection to the structure of a building or utilities.
, etc.

Unlike retail barter dollars that are used for purchasing in a trade exchange, corporate trade cash equivalent credit is used with cash for purchasing, and therefore has a negligible cost to a corporate barter company. In retail barter a member of a trade exchange can use their trade dollars earned from the sale of their products or services to purchase other items they need, typically at 100% trade, and therefore a trade dollar has an actual cost, which is the cost of a company's own product or service.

The hospitality sector has successfully used corporate barter for many years. For example a hotel can reduce their cash requirements for purchasing and capital improvements. The offset in spending is paid in empty room nights that would have gone unsold. If the cost of those room nights were 20% of the selling price, the hotel would save 80% on purchasing for the amount of trade they were able to use each year.

About Intertrade Capital Group:

Intertrade Capital group provides creative financing Creative Financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used.  and innovative marketing programs utilizing trade and expands business opportunities and profit potential for many of America's leading corporations. Intertrade also provides asset management and fulfillment services, alternative capital, intellectual assets and transactional capabilities to Fortune 1000 companies and governments. It offers liquidity and enhanced profitability to domestic and global companies by empowering them to pay for the products, services and capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
 they need with their own excess capacity or production.

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that seeks to establish 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.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 27, 2004
Words:828
Previous Article:Multimedia Available: Prudential Financial Completes Acquisition of Hyundai Units.
Next Article:Rofin-Sinar Acquires 90% of Optoskand AB, a Manufacturer of Fiber Optic Beam Delivery Systems and Components for Solid State Lasers.



Related Articles
Brokering sublease barter transactions.
'Rescuing' lost value via trade transactions.
FINDING BARGAINS THROUGH BARTER
Not Your Ancestors' Barter.
Barter resilient during economic downturn. (Advertising).
Bentley Communications Corporation to Target Iraqi Reconstruction with Barter and Trade Alliances.
Bruce Kamm, International Authority on Corporate Barter and CEO of Bentley Commerce Corporation Appointed to its Board of Directors.
Bentley Commerce Setting Records in the Online Global Barter and Trade Marketplace.
Bentley Commerce to Expand Its Per Inquiry -- PI -- Media Program Launched Last Week After Completing Its First Four Agreements.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles