Two Largest Barter Companies In USA Are Booming!
March 5th, 2007 · by Bob Meyer · 2 CommentsBy Bob Meyer
The two largest barter companies in the United States are both doing very well. And both, although they have different business models, have excellent leadership.
• The ITEX Corporation (OTCBB: ITEX) is headquartered in Bellevue, Washington and has 22,000 member businesses.
• Its largest competitor is (IMS) International Monetary Systems (OTCBB:INLM) headquartered in New Berlin, Wisconsin. They have 16,000 member businesses.
Both CEO’s, Steven White of ITEX, and Don Mardak of IMS are “street-smart” guys with character. And, with years of experience—from the beginning virtually going door-to-door to sign up businesses (into their respective barter organizations at the time) no one is going to “BS” these guys.
For more information on Steven White’s organaization ITEX.
To learn more about Don Mardak’s company IMS.
This entry was posted on Monday, March 5th, 2007 at 11:40 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 13th, 2007 at 9:43 am
Bob:
I suspect IMS does about the same dollar volume of transactions as Itex. How do they compare in this important metric?
March 14th, 2007 at 3:34 pm
Carl,
Right now they are close in this area and it will be interesting to see which business model prevails over the long run…the ITEX brokerage system, where ITEX corporate shares service fees earned with their brokers, vs. the IMS model which employes paid salesmen on the street, but with all service fees earned going to corporate.