Bentley Communications Corp. Announces its New Name, Approval of Purchase of Crump Barter Network, Strategic Business Plan and Election of Directors at Annual Stockholders Meeting.Business Editors/High-Tech Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Nov. 3, 2003 Bentley Communications Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BTLY), the emerging leader in the online trade and 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. industry, today announced the results of its annual meeting of stockholders that took place on Thursday, October 30, 2003. Results of voting show that the seven proposals were passed that are described in its 2003 Proxy. Among the proposals passed were changing the company's name to Bentley Commerce Corp., from Bentley Communications Corp.; the purchase of the assets of 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 Systems, Inc.; the election of Gordon F. Lee, chairman and 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. , and Robert Schumacher, president and COO (Cell Of Origin) See mobile positioning. , for a one year term as directors; and approval of the company's new business plan. Attending shareholders were given a detailed presentation of Bentley's strategic business plan by three of its key executives: Robert Schumacher company president, Joe Crump who will manage Bentley Barter Exchange barter exchange barter n → Tauschbörse f , and Bruce Kamm who will manage Bentley Corporate Trade, as well as its barter and trade software and management systems. -- Bentley Barter Exchange -- With the approval of the purchase of the assets of Crump Barter Systems, Inc. Bentley acquires North America's largest barter network. It is comprised of 180 local exchanges and about 50,000 merchant members that trade through them, and represents approximately 30 percent of the barter exchanges in the USA and about 50 percent of those in Canada. It enables members of different barter exchanges worldwide to make available each other's inventory and services and trade with one another. This is positioning Bentley as the emerging leader in the estimated $12 billion retail sector of the barter industry. -- Bentley Corporate Trade -- Bentley begins its entry into the estimated $20 billion corporate barter business through a strategic alliance with Intertrade Capital Group, Ltd., a leading corporate barter company. This will join Bentley's Crump Barter Network with Intertrade's team of international trade, finance and corporate barter specialists. Bentley's new division will enable the individual exchanges within the Crump Network to initiate corporate trade and to obtain the resources necessary to successfully complete transactions. It will also be able to present a wide range of goods obtained through corporate trade to thousands of retail barter customers. In addition, Bentley plans to 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. -- VirtualBarter Software -- Bentley's exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. license to VirtualBarter, a comprehensive Barter Software & Management System, will unite its retail barter network together and join it with its corporate barter division, as well as the rest of the world of barter. This state-of-the-art software will make it possible for exchanges and their members to manage, merchandise and market their products and services in an online barter marketplace to an integrated worldwide network of trade exchanges. VirtualBarter version 3.0, the platform Bentley will use, should be released in mid December 2003. Shareholders were given a preview of many of the special features and benefits VirtualBarter offers to the exchanges and its members. Each local exchange, for example, will be able to maintain its own distinct brand, with its own name and logo on all computer screen views. Members who barter through an exchange will be able to buy and sell 24/7 in a branded online e-commerce global trade marketplace. Just one click will permit them to offer products and services to other trade exchange members worldwide. One click will also enable them to find products and services from trade exchange members locally or internationally. 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. Bentley is working towards becoming the online "market maker" for the barter industry -- a neutral intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. that brings together fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. multiple groups of buyers and sellers online. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled in real time, with proprietary 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
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. |
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