posted
Bentley Commerce Corp. Launches New Name and Trading Symbol 1/13/2004 9:55:00 AM
Name Changed from Bentley Communications Corp. to Reflect Company's Position as Emerging Leader in the Online Barter and Trade Industry
LOS ANGELES, Jan 13, 2004 (BUSINESS WIRE) -- Bentley Commerce Corporation ( BLYC ) has launched its new name and trading symbol quoted on the OTCBB "BLYC" to reflect the company's position as the emerging leader in the online barter and trade industry. Previously the company was Bentley Communications Corporation (OTCBB:BTLY). The Company's CUSIP number has changed to 08264E 10 3 and its new website will be at http://www.bentleycommerce.com.
"Over the past six months, Bentley has carried out a series of strategic initiatives to enter the estimated $12 billion retail barter market and $20 billion corporate trade sector," said Gordon Lee, Bentley's chairman and CEO. "This includes setting up its Bentley Crump Barter Network subsidiary with approximately 180 independent local barter exchanges and about 50,000 merchants that trade through them; beginning a corporate trade division; as well as establishing trade exchanges for specific markets, such as for the hospitality industry and for non-profit organizations.
"Most important to setting up our global online marketplace for worldwide barter and trade," Mr. Lee said, "has been acquiring the North American rights to VirtualBarter 3.0. This comprehensive suite of trade exchange management applications will enable barter exchanges to better manage their businesses and collaborate in a worldwide online network that we believe will be far superior and larger than any prior or current exchange network."
Bentley intends to serve as a clearinghouse for barter trades for hundreds of independent retail barter exchanges that together serve tens of thousands of companies of all sizes, fortune 500 trading partners, corporate barter companies that serve large multinational corporations, trade associations and their member companies, as well as media and travel agencies.
Bentley's business model anticipates future revenue streams from several different sources. These include transaction fees on all trades executed or cleared through Bentley's online marketplace; set-up and monthly subscription fees paid by participating companies, trade exchanges and affiliated brokers; revenue share from Bentley managed private label co-branded barter marketplaces; finders fees paid by corporate trade companies on transactions introduced by Bentley; and transaction fees from sellers on the buy side of corporate procurement and the spread between the selling price and cash cost on the sell side of corporate procurement.
In pursuit of this strategy, the company over the past six months has:
-- Retail Barter: Bentley Crump Barter Network
Bentley established its Bentley Crump Barter Network subsidiary, headed by Joe Crump, with a growing membership of 180 local barter exchanges and about 50,000 members that trade through them. This represents approximately 30 percent of the barter exchanges in the USA and 50 percent of those in Canada. It was founded as the Crump Barter System in 1998 by Mr. Crump to bring efficiencies to the barter industry by providing a clearinghouse through which members of different barter exchanges worldwide can make available each other's inventory and services and trade seamlessly with one another. These 180 independent local exchanges will be able to collaborate in an online global online network using Bentley's VirtualBarter 3.0 software and have their own locally branded identity.
Bentley entered the corporate barter business by launching a corporate trade division, headed by Bruce Kamm, through a strategic alliance with Intertrade Capital Group, Ltd., an international trade finance and corporate barter company. This will join Bentley's Crump Barter Network with Intertrade's team of international trade finance and corporate barter specialists. Bentley's new division will enable the individual exchanges within the Crump Barter Network to initiate corporate trade and to obtain the resources necessary to successfully complete transactions. Bentley will also execute corporate trades that originate from sources outside of the Crump Network.
Bentley acquired the exclusive North American license for VirtualBarter 3.0, which is the cornerstone for its worldwide collaborative trade alliance. VirtualBarter 3.0 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 possible since January 2000. The latest Version 3.0, the platform Bentley is using, was released December 8, 2003 and features multi-lingual, multi-currency trading for barter and trade exchanges, and their members worldwide.
Among the many special features VirtualBarter 3.0 offers to exchanges and their members, is that each exchange is able to maintain their own distinct brand, with their own name and logo on all screen views. Members who barter through exchanges powered by VirtualBarter 3.0 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.
Using VirtualBarter 3.0 software, Bentley is setting up a number of online trade marketplaces for specific industry groups as well as non-profit organizations. For example, Bentley is starting its online trade marketplace to enable hotels, resorts, bed & breakfasts, cruise lines, restaurants and others in the hospitality industry, to purchase furniture, fixtures, equipment and supplies at below standard wholesale pricing by partially paying for purchases with excess room night and food and beverage capacity.
Another example is Bentley's custom branded online trade exchanges for qualified non-profit organizations that will enable them to more efficiently acquire and convert donated gifts in kind to other products and services more useful to their organizations. Individuals and businesses that want to make a contribution to a non-profit will be able to go online and list products and services they wish to donate. When the donated item is purchased, the proceeds from the sale will go directly to the non-profit organization. Bentley will earn a percentage of the trade for providing the donation management system and facilitating the transaction.
Optional Stock Certificate Exchange Procedure
Although not required, any shareholder can exchange their old Bentley Communications Corp. stock certificates for Bentley Commerce Corp. Certificates should be sent via an insured, traceable delivery service to the Company's exchange agent, Florida Atlantic Stock Transfer, Inc., located at 7130 Nob Hill Road, Tamarac, Florida, phone 954-726-4954, together with $20 payable to the transfer agent. There is no need for stockholders to endorse the stock certificate, nor should they.
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.
SOURCE: Bentley Commerce Corporation
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posted
My account is all messed up. It's showing the symbol for BLYC as 082643107. Damn etrade has been all screwed up for me the past 2 weeks. ugh
Posts: 78 | From: Torrance, CA, USA | Registered: Dec 2003
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posted
Are all name changes this frought with confusion?.....Or is it just this one?....I mean it isn't like they didn't have warning, they've known the date of the change for two weeks now.
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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posted
Ameritrade Plus still has Bentley as BLTY with "unable to obtain quote" Shows up correct on streamer. Losing buyers here imo
quote:Originally posted by DiQuiRiesco: Are all name changes this frought with confusion?.....Or is it just this one?....I mean it isn't like they didn't have warning, they've known the date of the change for two weeks now.
Has not changed the name or symbol in my portfolio, it justs sits there with the old name and an alpha numeric symbol. Thus when you go to trade under the new/old symbol it says "CUSTOMER DOESN'T HOLD CASH POS". Claimed yesterday their clearing house will have it corrected today the 13th. I am sure it will not be cleared until tomorrow. Damn, I hope it stays the course until tomorrow, otherwise it is on the phone I go.
LOL, this has been a great learning experience for future name/symbol trades. If this was a NASDAQ or NYSE I am sure this "technicality" would of not happened. -
posted
As he promised. Im so slow. Im just now seein this PR. Didn't see it come through on the streamer. mach
quote:Originally posted by DiQuiRiesco: Bentley Commerce Corp. Launches New Name and Trading Symbol 1/13/2004 9:55:00 AM
Name Changed from Bentley Communications Corp. to Reflect Company's Position as Emerging Leader in the Online Barter and Trade Industry
LOS ANGELES, Jan 13, 2004 (BUSINESS WIRE) -- Bentley Commerce Corporation ( BLYC ) has launched its new name and trading symbol quoted on the OTCBB "BLYC" to reflect the company's position as the emerging leader in the online barter and trade industry. Previously the company was Bentley Communications Corporation (OTCBB:BTLY). The Company's CUSIP number has changed to 08264E 10 3 and its new website will be at http://www.bentleycommerce.com.
"Over the past six months, Bentley has carried out a series of strategic initiatives to enter the estimated $12 billion retail barter market and $20 billion corporate trade sector," said Gordon Lee, Bentley's chairman and CEO. "This includes setting up its Bentley Crump Barter Network subsidiary with approximately 180 independent local barter exchanges and about 50,000 merchants that trade through them; beginning a corporate trade division; as well as establishing trade exchanges for specific markets, such as for the hospitality industry and for non-profit organizations.
"Most important to setting up our global online marketplace for worldwide barter and trade," Mr. Lee said, "has been acquiring the North American rights to VirtualBarter 3.0. This comprehensive suite of trade exchange management applications will enable barter exchanges to better manage their businesses and collaborate in a worldwide online network that we believe will be far superior and larger than any prior or current exchange network."
Bentley intends to serve as a clearinghouse for barter trades for hundreds of independent retail barter exchanges that together serve tens of thousands of companies of all sizes, fortune 500 trading partners, corporate barter companies that serve large multinational corporations, trade associations and their member companies, as well as media and travel agencies.
Bentley's business model anticipates future revenue streams from several different sources. These include transaction fees on all trades executed or cleared through Bentley's online marketplace; set-up and monthly subscription fees paid by participating companies, trade exchanges and affiliated brokers; revenue share from Bentley managed private label co-branded barter marketplaces; finders fees paid by corporate trade companies on transactions introduced by Bentley; and transaction fees from sellers on the buy side of corporate procurement and the spread between the selling price and cash cost on the sell side of corporate procurement.
In pursuit of this strategy, the company over the past six months has:
-- Retail Barter: Bentley Crump Barter Network
Bentley established its Bentley Crump Barter Network subsidiary, headed by Joe Crump, with a growing membership of 180 local barter exchanges and about 50,000 members that trade through them. This represents approximately 30 percent of the barter exchanges in the USA and 50 percent of those in Canada. It was founded as the Crump Barter System in 1998 by Mr. Crump to bring efficiencies to the barter industry by providing a clearinghouse through which members of different barter exchanges worldwide can make available each other's inventory and services and trade seamlessly with one another. These 180 independent local exchanges will be able to collaborate in an online global online network using Bentley's VirtualBarter 3.0 software and have their own locally branded identity.
Bentley entered the corporate barter business by launching a corporate trade division, headed by Bruce Kamm, through a strategic alliance with Intertrade Capital Group, Ltd., an international trade finance and corporate barter company. This will join Bentley's Crump Barter Network with Intertrade's team of international trade finance and corporate barter specialists. Bentley's new division will enable the individual exchanges within the Crump Barter Network to initiate corporate trade and to obtain the resources necessary to successfully complete transactions. Bentley will also execute corporate trades that originate from sources outside of the Crump Network.
Bentley acquired the exclusive North American license for VirtualBarter 3.0, which is the cornerstone for its worldwide collaborative trade alliance. VirtualBarter 3.0 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 possible since January 2000. The latest Version 3.0, the platform Bentley is using, was released December 8, 2003 and features multi-lingual, multi-currency trading for barter and trade exchanges, and their members worldwide.
Among the many special features VirtualBarter 3.0 offers to exchanges and their members, is that each exchange is able to maintain their own distinct brand, with their own name and logo on all screen views. Members who barter through exchanges powered by VirtualBarter 3.0 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.
Using VirtualBarter 3.0 software, Bentley is setting up a number of online trade marketplaces for specific industry groups as well as non-profit organizations. For example, Bentley is starting its online trade marketplace to enable hotels, resorts, bed & breakfasts, cruise lines, restaurants and others in the hospitality industry, to purchase furniture, fixtures, equipment and supplies at below standard wholesale pricing by partially paying for purchases with excess room night and food and beverage capacity.
Another example is Bentley's custom branded online trade exchanges for qualified non-profit organizations that will enable them to more efficiently acquire and convert donated gifts in kind to other products and services more useful to their organizations. Individuals and businesses that want to make a contribution to a non-profit will be able to go online and list products and services they wish to donate. When the donated item is purchased, the proceeds from the sale will go directly to the non-profit organization. Bentley will earn a percentage of the trade for providing the donation management system and facilitating the transaction.
Optional Stock Certificate Exchange Procedure
Although not required, any shareholder can exchange their old Bentley Communications Corp. stock certificates for Bentley Commerce Corp. Certificates should be sent via an insured, traceable delivery service to the Company's exchange agent, Florida Atlantic Stock Transfer, Inc., located at 7130 Nob Hill Road, Tamarac, Florida, phone 954-726-4954, together with $20 payable to the transfer agent. There is no need for stockholders to endorse the stock certificate, nor should they.
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.
posted
Looks like it is going to be tough getting past that wall at .04 without some more volume
Posts: 1019 | From: Are You With The CIA? | Registered: Dec 2003
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posted
Scottrade just got it straight too....some others still behind...anybody still have E-Trade?
I understand they (E-Trade) are the biggest player accounts on BTLY/BLYC (B ent L e Y Commerce)...and when they and the other drag behind queens get STRAIGHT we will contine to see rises in Volume and PPS!!
Whoever has accounts with various Online Brokers will be DOING US ALL A FAVOR by ragging them to get their acts together and catch up...like i and others did to Scottrade and many of you did to your Brokers!
posted
Well techs are bullish. I think in time it will occur and it may be sooner than u think. Plenty of good news coming to support a much bigger move. mach
quote:Originally posted by DiQuiRiesco: Looks like it is going to be tough getting past that wall at .04 without some more volume
Let us know if we are gonna go to a new thread...and when?! I want to satrat posting some DD to enhance the great work everyone has been doing...and no use re-doing it soon!?
I have been in BTLY/BLYC for about 2 years...and increasing my enthusiasm and Holdings EXPONENTIALLY thru the entire time. Always had faith in their primary Exec CEO/Chairman Gordon Lee as a guy who historically has helped take several OTC:BB PPS from few cents to Double-digit dollar ranges before and doing it legit! Long-shot horse bets do come back and pay-off big!
So far the Tech Analysis has been superb...and shows Superb results happening now or soon coming.
The excellent reviews of the Execs backgrounds also shows intel and integirty of those who did so.Much more depth to this which gets better and better...this is the so-called "Human Capital" asset value often overlooked!
The review /summation of the HISTORICAL and TRANSITIONAL current Filings of BTLY have also been Excellent...honest,fair and Intelligent understanding of that necessarily blunt and bland info!
And the Visionary and Intellectual review of Barter Industry has been really perceptive and positive. Along with some understianding of the superior assets and positioning of what BLYC has now in its real ASSETS thru CrumpBarter/IntertradeCapital/VirtualBarter/BarterDollars.
Also some have picked up Not only on the TRANSACTION and ALTERNATIVE FINANCING aspects of Barter, but the DEEPER and WIDER implications of BarterDollars as a CURRENCY.
I love this discussion and ACTION board-group and its combined Team assets/abilities and contributions here!
I and ALL willing and able... will add what we can to expand and expound....enabling prep for ALL the Great News we are sure to be seeing soon on BLYC affecting soon future filings...and play off and enhance those as well!
Thanks Guys...lets help take this PPS "to the Moon"...and beyond for long term exploration/expansion!
posted
Techs really do look good! If any MMs still need to cover they will probably do it soon before the pps pops up.
dz
/
quote:Originally posted by machtabow: Well techs are bullish. I think in time it will occur and it may be sooner than u think. Plenty of good news coming to support a much bigger move. mach
Posts: 1431 | From: Boulder, CO | Registered: Oct 2003
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posted
Right now they are danceing around me and will have to bring up their base if they want to buy. If not then the MM's will have to start filling my order before they can drop the price or someone else will.
Posts: 230 | From: Blaine,Washington,USA | Registered: Dec 2003
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quote:Originally posted by Magoo: Right now they are danceing around me and will have to bring up their base if they want to buy. If not then the MM's will have to start filling my order before they can drop the price or someone else will.
quote:Originally posted by DiQuiRiesco: Well it was bad enough that Ameritrade wouldn't let me trade btly.....NOW they are totally down.....YOU HAVE GOT TO BE KIDDING ME
posted
I am very sorry to hear this. How can that be ?. Ameritrade please !!!.
quote:Originally posted by DiQuiRiesco: Well it was bad enough that Ameritrade wouldn't let me trade btly.....NOW they are totally down.....YOU HAVE GOT TO BE KIDDING ME
Go ahead and start a new thread whenever you want with your new DD. Take care. mach
quote:Originally posted by dog-n-pony-show: Mach,
Let us know if we are gonna go to a new thread...and when?! I want to satrat posting some DD to enhance the great work everyone has been doing...and no use re-doing it soon!?
I have been in BTLY/BLYC for about 2 years...and increasing my enthusiasm and Holdings EXPONENTIALLY thru the entire time. Always had faith in their primary Exec CEO/Chairman Gordon Lee as a guy who historically has helped take several OTC:BB PPS from few cents to Double-digit dollar ranges before and doing it legit! Long-shot horse bets do come back and pay-off big!
So far the Tech Analysis has been superb...and shows Superb results happening now or soon coming.
The excellent reviews of the Execs backgrounds also shows intel and integirty of those who did so.Much more depth to this which gets better and better...this is the so-called "Human Capital" asset value often overlooked!
The review /summation of the HISTORICAL and TRANSITIONAL current Filings of BTLY have also been Excellent...honest,fair and Intelligent understanding of that necessarily blunt and bland info!
And the Visionary and Intellectual review of Barter Industry has been really perceptive and positive. Along with some understianding of the superior assets and positioning of what BLYC has now in its real ASSETS thru CrumpBarter/IntertradeCapital/VirtualBarter/BarterDollars.
Also some have picked up Not only on the TRANSACTION and ALTERNATIVE FINANCING aspects of Barter, but the DEEPER and WIDER implications of BarterDollars as a CURRENCY.
I love this discussion and ACTION board-group and its combined Team assets/abilities and contributions here!
I and ALL willing and able... will add what we can to expand and expound....enabling prep for ALL the Great News we are sure to be seeing soon on BLYC affecting soon future filings...and play off and enhance those as well!
Thanks Guys...lets help take this PPS "to the Moon"...and beyond for long term exploration/expansion!
posted
Mach it's actually not bad...It's only 12 dollars a transaction...That's a limit transaction...A market transaction is 7 dollars...Do it is a pretty good deal...Am i not seeing what you are seeing?...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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