posted
Something's up. Volume just shot from 150k up to 6 million in a matter of minutes and the pps is up 30% right now. Their 10k is due out but it's not on the SEC site as of yet.
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taken from bentleycommerce.com discussion board... filing preparation and work cut by 60K from last year and sounds like the report will be out anytime today.
Revenues -------- For the year ended June 30, 2004 and 2003, revenues from operations totaled $305,346 and $0, respectively. Bentley reported a net loss from operations of $4,707,564 in 2004 and $4,613,910 in 2003. The increase in revenue was attributable to the company's entrance into the barter business.
Costs and Expenses ------------------ Selling, general and administrative expenses ("SG&A") during the year ended June 30, 2004 and 2003 were $5,002,833 and $3,155,987, respectively. This 59% of increase is due to the company's entrance into the barter business. Management is unable to accurately predict the nature and extent of future costs and expenses from this activity. Bentley paid approximately $2,700,000 of consulting fees and $417,500 of operating expenses with Company common stock, and $475,050 of consulting fees are in connection with issuance of stock options.
Depreciation expense was $700 for 2004 and 2003.
Interest Expense
Interest expense of $9,377 and $7,223 during the years ended June 30, 2004 and 2003, respectively.
Liquidity and Capital Resources ------------------------------- As of June 30, 2004, Bentley had a working capital deficit of $650,070.
As a result of our operating losses, Bentley generated a cash flow deficit of $879,599 from operating activities during the year ended June 30,2004. The cash flow deficit is primarily attributable to the Company's net loss from operations of $4,707,564 adjusted for depreciation of $700, common stock issued in exchange for consulting fees of $2,782,807, common stock issued in exchange for operating expenses of $417,500, $475,050 of stock options granted to consultants stock and changes in accounts receivable, other assets, accounts payable and accrued expenses.
Cash flows provided by financing activities were $881,301 during the year ended June 30, 2004. Bentley received a total of $596,130 from issuance of common stock, stock subscription, and stock options and $285,171 of advances from related or third parties, net of repayments.
While Bentley has raised capital and borrowed funds to meet its current and projected working capital needs, additional financing will be required in order to meet its obligations. Bentley is seeking financing in the form of equity and debt for working capital. There are no assurances that Bentley will be successful in raising the funds required.
Bentley has borrowed funds from significant shareholders of Bentley in the past to satisfy certain obligations and anticipates continuing to borrow funds to meet future working capital requirements. Further, Bentley has issued shares of its common stock to pay numerous outside consultants and advisers. This practice is likely to continue.
THE INDEPENDENT AUDITOR'S REPORT ON THE COMPANY'S JUNE 30, 2004 FINANCIAL STATEMENTS INCLUDED IN THIS ANNUAL REPORT STATES THAT THE COMPANY'S RECURRING LOSSES RAISE SUBSTANTIAL DOUBTS ABOUT THE COMPANY'S ABILITY TO CONTINUE AS A GOING CONCERN.
posted
When you look at the filing it looks pretty awful at first but when you compare it to other micro pennys it's really not all that bad. The problem is that they needed a knock out year to get people interested in them again. This isn't going to do it so here we will sit until hopefully some kind of good news comes out.
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Bentley Commerce Launches New Online Barter Exchange for Members of First Equity Trade; Bentley Commerce Retains First Equity Group for Investor Awareness Program via COMTEX
October 25, 2004
SARASOTA, Fla., Oct 25, 2004 (BUSINESS WIRE) --
Bentley Commerce Corporation (OTCBB:BLYC), the leader in online and point of purchase barter and trade, has launched an online barter exchange for First Equity Group, an information and media company that provides a Web-based forum to communicate corporate news to the business, financial and investment community through its website, www.stockmarketnewsalert.com. Members of First Equity Trade will now be able to trade with businesses from 88 online exchanges representing about 18,000 companies, with over a billion dollars in product and service offers listed on Bentley Commerce's global online trade marketplace (www.bentleycommerce.com).
By teaming with Bentley Commerce, subscribers to the First Equity Trade website will be able to trade products and services with member businesses across the globe on Bentley's online network. As they experience, first-hand, the benefits of barter for their own businesses, they will also see why Bentley Commerce is a potential investment opportunity.
First Equity will introduce its barter exchange www.firstequity.vbarter.com by issuing Platinum Trade Cards to about 500 brokers, analysts and other investment professionals. Soon after, it expects to provide thousands of investors who have businesses, with online access to trade their products and services in this new marketplace of buyers and sellers. They will be able to manage their trade account online and use the trade they earn from new sales to expand and improve their businesses, reduce cash expenses and enhance their lifestyles.
Bentley Commerce is providing First Equity Group with its VirtualBarter trade exchange management software and global trade marketplace on a revenue share basis. It will host and manage the exchange for First Equity, provide customer service and experienced trade consultants to teach members about trade opportunities. First Equity will provide marketing and promotion for the new barter exchange on their investor website www.stockmarketnewsalert.com, by adding trading information, articles and case studies to its website.
"Bentley Commerce's ability to provide the investment community with a branded online trade exchange," said Bruce Kamm, Bentley Commerce's CEO, "provides new revenue generating opportunities for these companies and for Bentley Commerce, in addition to providing a novel and valuable new service for First Equity's members and subscribers. It will give investment professionals who frequent the website, information about the $650 billion barter industry, and insight into how barter can be used to reduce the cash required to complete financial transactions, mergers and acquisitions."
In Other News: Bentley Commerce Expands its Investor Awareness Program
Bentley Commerce Corporation has retained the services of First Equity Group to provide shareholder information and public relations services. First Equity Group provides consulting services to public companies in areas ranging from corporate finance and dissemination of corporate information. It will provide Bentley Commerce with a marketing campaign focused on new investors.
About Bentley Commerce Corporation:
Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company that launched its seamlessly integrated family of online barter services in 2004 to establish a new global trade marketplace for businesses to easily engage in real-time online barter and trade. Through its proprietary VirtualBarter software, it processes barter transactions over the Internet or at the point of purchase, between member companies, even if they are members of different exchanges. A growing number of independent trade exchanges, currently totaling 88, with about 18,000 companies that trade through them, have access to Bentley Commerce's global trade marketplace and trade exchange network featuring over a billion dollars in product and service offers available for trade. With Bentley Commerce's software and trade exchange management system, independent barter exchanges maintain their own brand, identity and local content, while offering their members the benefits of trading online with thousands of businesses.
Forward-Looking Statements:
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 guarantees 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 database system.
posted
Bentley Commerce Forms Strategic Alliance with ARTrade and Launches Internet Based Barter Exchange to Trade Art with Hotels and Resorts, and Members of Its Worldwide Global Network
Wednesday, October 27, 2004 07:06 ET
SARASOTA, Fla., Oct 27, 2004 (BUSINESS WIRE) -- Bentley Commerce Corporation (OTCBB:BLYC) the leader in online and point of purchase barter and trade, has launched an Internet based barter exchange that will feature ARTrade, an art reproduction company that provides art to the hospitality industry and corporate sector, in its global trade marketplace. This will enable the 200 resorts, hotels, motels, and bed & breakfasts that are already members of Bentley Commerce's hospitality exchange (www.hospitalityexchange.vbarter.com), in addition to new hotels and resorts joining the exchange, to use their excess room night capacity to trade unsold rooms for art for their properties.
"We anticipate that Bentley Commerce will provide ARTrade with the ability to expand our market by reaching hundreds of hotel and resort properties," says Brian Owen, president of ARTrade. "In addition to tens of thousands of other trade exchange members that may be interested in purchasing art."
The new exchange www.commercia.vbarter.com, will also enable its members to trade with businesses from 88 online exchanges representing about 18,000 companies, with over $700 million dollars in product and service offers listed on Bentley Commerce's online global trade marketplace (www.bentleycommerce.com). This will allow ARTrade to sell art to members in one exchange and then spend their trade with members in a different exchange. By selling in Bentley's collaborative marketplace, ARTrade will be able to eliminate most of the trade dollar usability issues typically associated with trading directly with individual exchanges.
"We anticipate a significant demand for high quality Art that can be purchased using trade dollars," said Bruce Kamm, Bentley Commerce's CEO. "Integrating ARTrade into Bentley's global trade marketplace will enable participating hotels and resorts, in addition to trade exchange members throughout the world, to browse through ARTrade's extensive online catalog, and make an online purchase using the trade dollars they have earned by bartering their own products or services."
About ARTrade:
ARTrade offers art reproduction of the highest quality using state of the art technology. It uses only the finest artist canvas and litho materials for its reproductions and works closely with artists to meet their stringent requirements -- resulting in a brilliance of color and texture that duplicate the original.
About Bentley Commerce Corporation:
Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company that launched its seamlessly integrated family of online barter services in 2004 to establish a new global trade marketplace for businesses to easily engage in real-time online barter and trade. Through its proprietary VirtualBarter software, it processes barter transactions over the Internet or at the point of purchase, between member companies, even if they are members of different exchanges. A growing number of independent trade exchanges, currently totaling 88, with about 18,000 companies that trade through them, have access to Bentley Commerce's global trade marketplace and trade exchange network featuring over a billion dollars in product and service offers available for trade. With Bentley Commerce's software and trade exchange management system, independent barter exchanges maintain their own brand, identity and local content, while offering their members the benefits of trading online with thousands of businesses.
Forward-Looking Statements:
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 guarantees 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 database system.
posted
The 10Q will be out on Monday... looking for a big increase in revenues... This company has a lot going on but I don't hear any of you people talking about it...
You might just miss something big...IMO
Dog, you seem to draw a lot of attention... are you missing this one ? have you ever looked at Bentley Commerce ?
Get the word out...
If it has been a while since you took a look at this one, could you take a look and give some feedback... thanks...
posted
Morgan Beaumont, Inc. Announces Rollout of Load Station and Merchant Terminal Program to Business Members of Barter Exchanges
SARASOTA, Fla.--Nov. 3, 2004--Morgan Beaumont, Inc. (OTCBB:MBEU), a premier provider of Stored Value and Debit Card solutions, announced an agreement with Bentley Commerce Corp. (OTCBB:BLYC) to roll out Morgan Beaumont's proprietary load software on Verifone 3750 equipment, bundled with Bentley Trade Cards and Morgan Beaumont Debit Cards to business members of Barter Exchanges across the U.S. and Canada. The goal over the next 12 months is for Merchants in Bentley's network of affiliated Barter Exchanges, representing approximately 50,000 businesses, to be set up to accept Trade Cards as well as cash for services and sale of product.
Cliff Wildes, CEO of Morgan Beaumont, stated, "Earlier this year Morgan Beaumont and Bentley Commerce entered into an agreement to develop a Trade Card and debit card program for Bentley's network of Barter Exchanges and Affiliates. We designed the program to be used internationally at all members of barter exchanges affiliated with Bentley Commerce on POS terminals, allowing business members to conduct both trade and debit card transactions easily and quickly. We are excited to be supporting Bentley in the national rollout of this program."
Bruce Kamm, CEO of Bentley Commerce, added, "We are pleased to announce the launch of this unique program to our exchanges and their merchant members. We anticipate that early next week we will begin contacting our exchanges on the details of this exciting program. Our goal is to offer this program to the merchant members serviced by our affiliated exchanges that represent about 50,000 businesses, and have many of them online in 2005. MBI has assured us that they support this effort."
The launch includes a special introductory price payable part cash and part trade dollars for the first 1,000 merchant members that purchase POS equipment and Trade cards.
Morgan Beaumont, Inc. is a Technology Solutions Company located in Sarasota Florida. Morgan is one of the premier providers of Stored Value and Debit Card Solutions in the United States. The company has developed POS and PC based software that connects merchants with multiple Stored Value Processors and Issuing Banks, in addition to private transaction networks and IVR and CRM technology. The company also has a national network of Stored Value and Debit Card load stations located throughout the United States. To learn more about Morgan Beaumont, please visit morganbeaumont.com.
Bentley Commerce Corporation 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 that brings together fragmented 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, trade associations and their member companies, as well as media and travel companies.
There is no clear winner in this huge industry and it is growing at 10% per year.
BLYC now clearly has the biggest network, alliances, and topmost software in the industry and it has become bigger than two major player NATE, TRTA.
Current PPS is dirty cheap and technically the PPS is building a bottom and very oversold. It is worth betting since it can grow out to be a gaint company in the very near future if it can grow as fast as it does this year.
posted
Hey it's me that is normally negative (you cannot be with such name ...)
reading between the lines i've seen something interesting
- GOOD - no planned RS - GOOD - the options owned by the board have a convertion price of .03+ and i'm sure they will pump the price there (soon or later) - GOOD (if confirmed) they assume to be profitable in Mar.05 - GOOD and BAD all payable fees are to companies owned by board members (so they need to save this co.) - BAD they need $1m (so it is 200m shares dilution)
+ recent news (NOT included in 10Q) will increase visibility of BLYC and create some revenues (already beginning)
quote:Hey it's me that is normally negative (you cannot be with such name ...)
Yeah, my user name is the direct opposite of my feelings about virtually every penny stock out there. Regarding BLYC, you're right, it's not all bad. Just didn't see anything in there that's gonna make it jump. Good luck with it.
Bentley Commerce Corporation (the “Company”) is a public company (OTC-BB: BLYC) that provides a one-source solution for business-to-business, Internet-based, worldwide barter and trade. Bentley is the online "market maker" for the barter industry – bringing together multiple groups of buyers and sellers online for eCommerce. Since commercial operations began in January 2004, Bentley Commerce already has achieved market leadership in online barter and trade, in the U.S. and worldwide, by providing a transaction-neutral marketplace and distribution channel.
The Company is positioned to dominate the online barter market, with significant competitive advantages including superior barter enabling technologies, effective business strategies, a worldwide network of affiliated exchanges and Bentley Commerce Corp.’s experienced and knowledgeable management team.
Get ready my friends... a successful marketing campaign could ignite BLYC...
posted
Case studies from Sussex Avenue Partners LLC...
Case Study 3. This consumer and business barter-based company engaged Sussex Avenue Partners LLC to review and improve its communications with investors, potential strategic partners, and shareholders.
WHAT WE PROVIDED: Consulting services and reports Provided corporate marketing communications Development of company profile and other documents for shareholders Direct-mail campaigns to shareholders and new investors Email campaign to shareholders and new investors
RESULTS: The Company’s market cap increased more than ten-fold during the period of performance.
posted
Bentley Commerce Corporation Reports Results of Annual Shareholders Meeting
Wednesday, December 01, 2004 13:52 ET
SARASOTA, Fla., Dec 1, 2004 (BUSINESS WIRE) --Bentley Commerce Corporation (OTCBB:BLYC) (www.bentleycommerce.com), the leader in online and point of purchase barter and trade, announced that all members of its board of directors were re-elected and all resolutions presented passed at its Annual Meeting of Shareholders held on Monday, November 29, 2004 in Sarasota, Florida.
Re-elected are Bruce Kamm, Bentley Commerce's CEO and treasurer; Robert Schumacher, its COO; and Joseph Crump, president of its Bentley Crump Barter Network. Resolutions were passed to appoint Russell Bedford Stefano Mirchandani LLP independent certified public accountants, to serve as the company's independent auditor; and shareholders ratified and approved the company's 2004 Equity Incentive Plan.
In a presentation to shareholders, Mr. Kamm said, "We continue to build Bentley Commerce as the leader in online and point of purchase barter and trade, and serve as a clearing company within the industry. This should enable it to eventually have multiple revenue streams from interrelated facets of barter and trade.
"In less than a year, 88 independent exchanges, with 58 already active, that represent about 18,000 companies, joined Bentley Commerce's Online Global Trade Marketplace, and contracted to manage their exchanges with our VirtualBarter software," continued Mr. Kamm. "This is an enormous number of exchanges to have joined us in so short a time, especially when coupled with our offline Bentley Crump Barter Network of 180 affiliated independent trade exchanges and approximately 50,000 members that trade through them. Close to $500 million in products and services are typically available on our online network for trade between members.
"Specialty enterprise exchanges, a concept developed and managed by Bentley Commerce, that serve a particular industry or affinity group," said Mr. Kamm, "now include a hospitality exchange with 245 properties that can be booked online; an exchange that focuses on stock brokers and the investment community; a career exchange; a charity exchange; an urban portal; and a speaker's exchange. Foreign exchanges establishing an online presence using Bentley's trade exchange management system include exchanges in Malaysia, Thailand, and Turkey, while discussions are underway for exchanges in Dubai, UAE, South Africa, Singapore and China.
"By being extremely proactive and anticipating the needs of trade exchanges, such as introducing our Platinum Trade Card; by enabling members of different affiliated exchanges to trade in our online global marketplace just as if they were all members of the same exchange; and by providing improved efficiencies, trade currency liquidity, increased transaction velocity and an easy to use online trade marketplace and transaction processing system," concluded Mr. Kamm, "we are anticipating a very promising future for Bentley Commerce."
About Bentley Commerce Corporation:
Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company that launched its seamlessly integrated family of online barter services in 2004 to establish a new global trade marketplace for businesses to easily engage in real-time online barter and trade. Through its proprietary VirtualBarter software, it processes barter transactions over the Internet or at the point of sale, between member companies, even if they are members of different exchanges. A growing number of independent trade exchanges, currently totaling 88, with about 18,000 companies that trade through them, have access to Bentley Commerce's global trade marketplace and trade exchange network featuring close to half a billion dollars in product and service offers available for trade. With Bentley Commerce's software and trade exchange management system, independent barter exchanges maintain their own brand, identity and local content, while offering their members the benefits of trading online with thousands of businesses.
Forward-Looking Statements:
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 database system.
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