Western Sizzlin Corporation (Nasdaq: WEST) announced that it has extended the expiration date of its exchange offer for all of the outstanding shares of the largest barter company in the USA, ITEX Corporation (OTC Bulletin Board: ITEX).

The offer, which was scheduled to expire at 5:00 p.m., New York City time, on Thursday, February 28, 2008, has been extended until 5:00 p.m., New York City time, on Wednesday, March 26, 2008, unless (more…)

Here is a look at Issue #6 of BarterNews…

One of the founding pillars of the commercial barter industry was the first executive director of IATE (now IRTA), Paul Suplizio. We interviewed the 55-year-old executive director and West Point alumnus. It was an exciting time for commercial barter, which is very evident when reading this extensive 17-page far-ranging interview with Suplizio, covering and dissecting the many challenges as well as accomplishments of the young (more…)

Barter through a trade exchange (barter company) is a proven way of doing business, and a profitable conduit for added distribution. Forty-eight years ago this peer marketing concept was born in Los Angeles.

Built upon a sound debit and credit system, business owners could trade their products/services easily among each other. But they would not have to accept the other’s merchandise on a direct one-to-one basis.

Rather, they took payment for the trade in the form of a “trade dollar” which would then be credited to their account. And be immediately available for use in their future barter purchases with any other (more…)

What goes around comes around…Issue #5 of BarterNews published in 1983 has some excellent advice for us today given our economic challenges…

Moreton Binn, one of the most creative corporate barter company executives, and the founder of Atwood Richards—for decades the largest and highest profile barter company in the world—shared his thoughts on “The Role Of Barter During A Recession.”

We interviewed Tolfe Lee Albert, the West Coast VP of the William B. Tanner Company. In this extensive 9-page coverage we illustrated three ways of bartering which included (more…)

If you own an existing business and are having trouble raising funding through a traditional bank and private investors, you may want to look into merchant cash advance. Small and medium sized businesses that already process credit card transactions may be able to receive up to $300,000.00 from a merchant cash advance (more…)

Ever wonder where the “Restaurant Week” concept was born? Or how successful they are in the various cities where they are held? And what was barter’s role in this concept?

Here’s where (more…)

Our fourth issue looked at the use of barter in the Olympic movement, which over the years has grown in useage…

Barter’s part in the 1984 Olympic Games was this issue’s (Issue #4) cover story. Under the direction of Peter Ueberroth, the Los Angeles Olympic Organizing Committee traded for $116 million in needed products and services to stage the Games. They subsequently posted a first-ever profit for an Olympics—$225 million!

This magazine also featured our initial face-to-face interview. We sat down with Bob Newman, a Southern Californian and a client of several trade exchanges, who was a member of the National Council of (more…)

Historically, when the consumer’s confidence drops and their discretionary spending slows, a recession is around the corner. And those in the barter business see added interest in barter to offset the slowdown in the “cash” business world. Here’s the latest on what’s happening and why the barter industry eyes a boom ahead.

Consumer confidence took a nosedive in February, falling to its lowest level in 15 years, reports the Conference Board. And, as if to underscore just how concerned consumers are, a number of leading retailers posted results (more…)

The University of Wisconsin-Madison Executive Program is offering a two day course, “Expanding Your Global Business Into Greater China.” May 14-16, 2008.

It’s for the company that wants to understand how China has affected everything from corporate policies and environmental strategies to manufacturing costs. Shows you how to factor the China opportunity into your international business (more…)

Contents in the February 26, 2008 Tuesday Barter Report, published by BarterNews magazine, include the following stories:

1. More barter sites
2. Norm Alvis says barter business is (more…)