Bentley to License Exclusive North American Rights to VirtualBarter, the Barter Industry's Foremost Software.Business Editors LOS ANGELES--(BUSINESS WIRE)--Sept. 22, 2003 Bentley Communications Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY), an emerging force in the 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, has entered into an agreement in principal with VirtualBarter to license the exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rights to its comprehensive online barter exchange barter exchange barter n → Tauschbörse f management system and integration with its global trade marketplace. VirtualBarter's software enables 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. It has made global 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. possible since January 2000. It was significantly enhanced with the release of version 2.0 in July 2002. Version 3.0, the platform Bentley will be using, will be released December 2003, just in time for members and exchanges within the 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 barter exchanges that serve about 50,000 small to midsize businesses, to make the switch for the New Year. Bentley acquired Crump Barter Systems, Inc., earlier this month. Among the many special features VirtualBarter, which is produced by Independent Broker Alliance, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , offers to exchanges and their members, is that each exchange will be able to maintain their own distinct brand, with their own name and logo on all screen views. Members who barter through an exchange will be able to buy and sell 24/7 in a branded online ecommerce 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. Exchanges will be able to manage each of their members from one interactive data screen for 24/7 access to their members and their trading information. The software will provide exchanges with more than 20 real time management reports, including a ready to print member directory. Transactions, trade and cash fees and broker productivity will also be managed from one screen, as can cash, collections and cash receipts. VirtualBarter will give members of trade exchanges the ability to manage their own accounts as they can post transactions, view real time online statements, view detailed transaction history, search local and global member directories, and manage their inventory offered for trade with a fully integrated item and inventory control management system. Marketing activities are enhanced with a full-featured contact manager that includes call scheduling, call reminders and notes with complete reporting. Email marketing will give an exchange and its brokers the ability to easily create instant graphic content and to email it to one member, several members or all of the members in their exchange. Segmentation will allow emails to be sent to custom defined groups, such as all members that have purchased a particular category of item during the year. "We learned about VirtualBarter software and systems when we acquired Crump Barter, as they were already using it," said Robert Schumacher, Bentley's president and COO (Cell Of Origin) See mobile positioning. . "When we saw how comprehensive and easy the program is to use, we decided to license it exclusively for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and use it to enable exchanges worldwide to participate in the Crump Barter Network. It offers tremendous benefits to our member exchanges, their members who trade through them, and will provide us with an extraordinary platform for our growth. "Before selecting Virtual Barter, we compared it feature by feature with many of the barter and trade software programs within the industry, including the software that our own programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists have been developing," continued Mr. Schumacher. "In our opinion, we feel that on any dimension, VirtualBarter is by far the best for us and our member exchanges, and for those members who trade through them. It is also the most scalable. We were already extremely impressed with the current version, but the new version will put us, our exchanges and the members who trade through them at the forefront of the industry." About the Barter Industry The International Reciprocal Bilateral; two-sided; mutual; interchanged. Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements. Trade Association estimates that in the U.S. alone, over 470,000 companies actively participate in barter for a total of over $12 billion in annual sales. Over 65% of the corporations listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. are presently using barter to reduce surplus inventory, bolster sales and ensure that production facilities run at near capacity. The U.S. Department of Commerce estimates that 20 to 25% of world trade is now barter, and corporate barter is already a growing 20 billion dollar worldwide industry. About Bentley Communications Corporation: Bentley is positioning itself to be the domestic leader in the fast growing trade and barter industry. Bentley has historically focused on the implementation of alternative financial transactions and ecommerce services. In barter it has an ideal opportunity to apply proprietary systems to enable barter exchanges, and the companies that barter through them, access round the clock to a user-friendly, online trade exchange -- tailored to their needs, with real-time transaction credits to the merchant, whether it is credit, debit or ATM card 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: 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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