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Bentley Commerce to Reduce Current Expenses by $1 Million, Restructures Corporate Team and Creates Exchange Advisory Board.


Business Editors

LOS ANGELES--(BUSINESS WIRE)--June 3, 2004

Bentley Commerce Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BLYC), the leader in Internet-based barter and trade, will reduce current operating costs operating costs nplgastos mpl operacionales  by approximately $1 million annually by restructuring and consolidating its operations, and has terminated a number of employment and consulting contracts. In addition, Bentley Commerce (www.bentleycommerce.com) introduced a wide range of management procedures and financial controls at a special meeting of its board of directors and inaugurated a trade exchange advisory board comprised of seven barter industry professionals.

Gordon Lee Gordon Lee may refer to:
  • Gordon Lee (footballer) (1934–)
  • Gordon Lee (congressman) (1859–1927), U.S. congressman from Georgia
  • Gordon Lee (politician), Canadian MLA from Athabasca
, Bentley Commerce's chairman, resigned as CFO See Chief Financial Officer. , treasurer and secretary. Bruce Kamm, Bentley's 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. , will also now serve as interim CFO and treasurer. Robert Schumacher, its president and COO will also serve as corporate secretary. Mr. Lee, who had been dividing his time between Bentley Commerce and American IDC Corp. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
:ACNI ACNI Arts Council of Northern Ireland
ACNI Azienda Comunale per la Navigazione Interna (Municipal Company for Inland Navigation, Italy) 
), a company he heads, will focus on American IDC Corp. (www.americanidc.com). As a result, Mr. Lee's employment and consulting agreements with Bentley Commerce have been terminated, as well as the consulting agreement for his support staff.

"Bentley Commerce's future is in the hands of a superbly competent and dedicated management team," said Mr. Lee. "In the short time they have been with the company, they transformed it from a concept to the leadership position in online barter and trade. Since beginning the year as an operating company operating company

A business that engages in transactions with outsiders.
, Bentley Commerce has grown to include 64 independent trade exchanges online using its virtual barter software with approximately 12,000 companies that trade through them and about half a billion dollars of products and services available for trade in its online global trade marketplace. In addition, its collaborative trading network subsidiary, Bentley Crump Barter Network, has 180 trade exchanges and about 50,000 members that trade through them off-line."

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company 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:

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.
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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:Jun 3, 2004
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