Bentley Gets Down to the Business of Barter ... Corporate Update.Business Editors/High-Tech Writers BURBANK, Calif.--(BUSINESS WIRE)--May 13, 2003 Bentley Communications Corporation's (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) acquisitions of BartercardUSA and First National Information Network are proceeding as planned. These two acquisitions, along with Bentley's ATM@Home(TM) payment system, which is currently being upgraded, will be able to handle 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. transactions on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the in real time. Bartercard USA holds the exclusive American licensing rights for Bartercard International (BCI BCI Bat Conservation International BCI Brain-Computer Interface BCI Business Continuity Institute BCI Business Cycle Indicators BCI Banco de Credito e Inversiones (Chilean bank) BCI Bell Canada International ). BCI is by far the world's largest business-to-business trade exchange. Its trade and barter franchises operate from about 120 offices in 15 countries. The business of bartering goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. through an international exchange allows BartercardUSA's 2500+ merchant members to track goods and services on a worldwide scale with over 70,000 other merchants from the U.K. to Australia and Greece. BartercardUSA was established in April 2002 to connect members in the U.S. with the 70,000 member businesses worldwide. That base provides the largest captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. market in this rapidly expanding industry. In 2003, Bentley announced its acquisition of BartercardUSA, which currently has approximately 2,500 members nationwide. Bentley's mission is to geometrically ge·o·met·ric also ge·o·met·ri·cal adj. 1. a. Of or relating to geometry and its methods and principles. b. Increasing or decreasing in a geometric progression. 2. expand its membership base in the U.S. by product placement (namely: a membership in BartercardUSA) with several large trade associations such as the Federal Chamber of Commerce. These ISO's have literally thousands of salesmen across the U.S. who will be selling a package that includes a membership in BartercardUSA and several other niche services to America's 30 million small business owners. This membership drive will encourage more members to use the barter system more often simply because BartercardUSA's inventory will be much greater and more diverse. This will be the catalyst that expands our trade and barter network and takes BartercardUSA to unlimited heights, creating trade and revenue numbers far exceeding those done by Bartercard International of Australia (where "Bartercard" was first conceived over 12 years ago). "Future plans for Bentley and BartercardUSA include a Bartercard banc with combination barter & credit cards online and in real time," said Mark Savoy, President of Bentley Communications. About Bentley Communications Corporation Bentley's focus has been on the implementation of e-commerce services such as Internet payments via ATM cards An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. credits to the merchant whether transactions are via cash, trade or blend. Bentley Communications can provide payment solutions for any company on or off line. 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. Certain statements in the news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion