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sully
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Updated: 04:37 PM EDT
Bentley Commerce Corporation to Acquire an Equity Interest in CollectAChek, Premier Check Collection and Cash Management Specialists

LOS ANGELES--(BUSINESS WIRE)--04/21/2004--Bentley Commerce Corp. (OTCBB:BLYC), the leader in online trade and barter, has agreed to purchase a 20% equity interest in 1210 N. Congress Corporation DBA, CollectAChek, (www.collectachek.com), a cash flow management company that pioneered free NSF (Non Sufficient Funds) check recovery services for businesses, in an exchange of stock.

When banking regulations changed three years ago, CollectAChek, developed a system to recover 100% of the face value of NSF consumer checks, up to $2,500, at no cost to businesses. CollectAChek recovers bounced checks electronically for merchants by debiting NSF writers' bank accounts for the full face value of the check, together with a state-authorized fee it receives. In addition to getting back the full value of NSF checks that are collected, this often allows merchants to accept consumer checks without a costly guarantee service or expensive collection agencies.

CollectAChek recovers checks for a wide range of businesses that include: Discount Tire, Meineke Car Care Centers, Goodwill Industries, Subway, Fantastic Sams, Supercuts, Le Gourmet Chef, Kelly-Moore Paints, Boys & Girls Clubs of America, and Jackson Hewitt Tax Services. CollectAChek's electronic system of re-presentment of NSF checks is faster, avoids paying second bounce fees and typically recovers about 70% of NSF checks, which is about twice as many as traditional methods -- and is a FREE service.

In addition to recovering NSF consumer checks for free, NSF business-to-business checks for an unlimited amount can also be recovered by CollectAChek for 10% of the face amount of the check plus the state allowed fee. This is considerably less than the fees typically charged by traditional commercial collection agencies. Third party checks, which are usually payroll checks that merchants accept, can be recovered in a similar manner.

"CollectAChek is the perfect adjunct to the business services we are offering," said Gordon Lee, Bentley Commerce's Chairman. "By acquiring an equity interest in CollectAChek, we will have a great incentive to promote its NSF recovery services to the estimated 50,000 companies that trade through the exchanges on our Bentley Crump Barter Network, and offer CollectAChek's comprehensive range of other valuable ancillary cash management services throughout our business network."

Bentley Commerce is acquiring its equity in CollectaChek with an exchange of stock with two of CollectAChek's founders. Robert Schumacher, president of Bentley Commerce Corporation, one of the founders of CollectAChek, is exchanging his 10% interest in CollectAChek for Bentley Commerce Corporation shares.

Services Bentley will offer with CollectAChek include:

-- FREE Recovery of NSF Checks -- electronic re-presentment of NSF checks is faster, avoids paying second bounce fees and returns a higher recovery rate for merchants than traditional methods -- and is a FREE service.

-- Check Verification -- By using a check-reading device at the point of sale, businesses will know within seconds if they should accept a customer's check or ask for a different form of payment.

-- Consolidated Returns -- For merchants who experience a high volume of returned checks per month, their NSF checks can be consolidated into one account. This can reduce or even eliminate bank fees for returned checks, and significantly increase the recovery rate for NSF checks.

-- Check Guarantee -- Checks are a popular form of payment and are the preferred non-cash payment method at the retail point-of-sale. A check guarantee service provides a simple and economical way to increase revenue at a place of business by accepting checks.

-- Point of Purchase (POP) Checks -- With POP Checks, the cashier runs a check through the same verification process and uses the customer's bank information to debit their account electronically. Customers sign a credit card-like receipt authorizing the electronic debit to their accounts. Since the check is no longer needed, the merchant returns it to the customer along with the receipt.

-- Debit Card Services -- Businesses that accept debit cards enjoy reduced fees compared with other card payment options, guaranteed payment of funds (no returned checks), higher margin sales and increased impulse sales, cash-back option, and payment of funds to the merchant-designated financial institution usually within 24 hours.

-- Repetitive Payments (ACH) -- Automatic processing for receivables and payables, through the Automated Clearing House (ACH) Network, places a business in complete control of its cash flow. Monthly or periodic payments improve cash flow, reduce costs and enhance customer service.

-- Accounts Receivable Conversion (ARC) -- Merchants who receive a high-volume of checks, either by mail or at the point of sale, will be able to convert them into electronic checks through CollectAChek's software and services. This is considerably faster than processing paper checks that must be physically handled. It reduces banking fees, as well as speeds up the time in which the merchant receives their funds.

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.


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brandwilliams
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I liked BLYC a while back and it still may be an awesome stock one day. But that buying of condos in Florida? I just cant figure that one out.

Brandon


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sully
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Press Release Source: Bentley Commerce Corporation


Bentley Commerce Setting Records in the Online Global Barter and Trade Marketplace
Friday April 23, 7:29 pm ET
In Just Four Months, 50 Independent Exchanges with Over 10,000 Members Join Bentley Commerce's Online Global Trade Network and Offer a Total of $454 Million in Products and Services For Trade


LOS ANGELES--(BUSINESS WIRE)--April 23, 2004-- In less than four months since it became an operating company, Bentley Commerce Corp. (OTCBB:BLYC - News) has become the leader in online barter and trade with $454 million in products and services already offered for barter through the trade exchanges, comprised of over 10,000 companies that trade through them, powered by its VirtualBarter software.
"Our business model is proving to be the correct formula for the barter industry, Said Bruce Kamm, CEO of Bentley Commerce (www.bentleycommerce.com). "We believe that it will enable the barter industry to gain wide acceptance as the alternative payment solution for business owners."

"The ability for a company to use their own excess capacity, production or inventory to make purchases, is not a new concept," continued Mr. Kamm. "However, being able to trade online, in real-time, seamlessly with tens of thousands of other businesses in different cities and countries, who are members of different exchanges and trade economies, using a variety of foreign currencies and speaking different languages, and have their trade, as well as their cash transaction fee settled instantaneously, are remarkable attainments we are accomplishing that will ultimately help break down barriers to trading on a global scale."

Examples of some of the milestones Bentley Commerce has attained during the past months includes:

Bentley Commerce completes licensing agreement with Crump Barter and its 180 trade exchanges with over 50,000 businesses
Bentley Commerce completes licensing agreement with Virtual Barter and launches world class trading software throughout the industry
Bentley Commerce closes agreement with highly regarded industry expert Bruce Kamm, who is elected CEO and appointed to the board of directors
Bentley Commerce closes its first multimillion-dollar corporate trade contract and acquires $5,000,000 in resort condos and suites
Bentley Commerce launches first "Enterprise Exchange" for an industry trade group, with The Ozean Group, leading Resort and Restaurant Online publishers
Bentley Commerce creates a strategic alliance with Morgan Beaumont for a global network that enables businesses to post barter transactions at the point of sale, either by phone or swipe cards.
Bentley Commerce announces the start of its global broker network to act as finders for lucrative corporate trade transactions
Bentley Commerce launches second Enterprise Exchange with The Minority Business Network
Bentley Commerce closes a contract to acquire $2,500,000 in resort condos at a Caribbean resort with trade credit
Bentley Commerce launches the Asian Pacific Enterprise Exchange with The Pacific Rim Chamber of Commerce
Bentley Commerce launches Media Trade Marketplace with Cybertech Marketing, Inc. and secures product placements on its televised USA Shopping Network
Bentley Commerce acquires equity stake in CollectAChek, premier check collection and cash management specialists.
50 Independent Trade Exchanges with over 10,000 companies affiliate with Bentley Commerce and use its VirtualBarter software
$454 million in products and services are offered on the Internet in Bentley Commerce's Global Trade Marketplace.
"Many of Bentley Commerce's accomplishments are firsts in the barter industry," concluded Mr. Kamm. "We expect the activity and excitement to continue to drive exponential growth in the coming months. As exchanges join our network and make it more efficient for their business owners to trade, so to will the trade volume, velocity and therefore the fees generated increase accordingly."

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that seeks to establish a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.

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.

--------------------------------------------------------------------------------
Contact:
Bentley Commerce Corporation
Bruce Kamm, 646-825-9001
bkamm@bentleycommerce.com
www.bentleycommerce.com

--------------------------------------------------------------------------------
Source: Bentley Commerce Corporation


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SmokingUSA
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Same news Didn't notice until after the fact!
SORRY!

[This message has been edited by SmokingUSA (edited April 23, 2004).]


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SmokingUSA
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Recent Alliances Will Provide Bentley's Trade Exchange
via CDS

May 10, 2004

Network and Their Members with New Trade Opportunities

including Global Long Distance Phone Calling and Millions of

Dollars of National and Regional Media

In just four months since it became an operating company, Bentley Commerce Corp. (OTCBB:BLYC) has already become the leader in Internet-based barter and trade. Part of its success can be attributed to attracting trading partners, several who were never before involved in the barter industry, that offer high demand products and services on barter to the tens of thousands of companies that trade through the growing number of exchanges that are part of Bentley's Global Trade Alliance.

'A key component of our strategy is to attract a wide array of trading partners and teach them about the benefits of barter,'said Bruce Kamm, Bentley Commerce's CEO (www.bentleycommerce.com). 'Many of our new trading partners have never been involved in the barter industry, but now see how barter can positively influence their business because of the huge upside potential. We believe that trading opportunities outside of the traditional barter industry coupled with existing and newly developing trade exchanges and their members will create exponential trade opportunities and increased revenues for these businesses, for the online exchanges participating in the Bentley Global Trade Alliance and for Bentley Commerce.'

One example is a telecommunications company that is launching their business flat rate global long distance service worldwide by marketing to Bentley Commerce's tens of thousands of participating businesses in its Global Trade Marketplace. 'For example, if only 2,500 trade exchange members subscribe to the $129-per-month service, it could ultimately generate about $3.6 million per year in trade revenues to the seller, new trade spending opportunities for exchanges, over $360,000 in transaction fees to exchanges and $220,000 in annual cash revenues to Bentley,'said Mr. Kamm. 'The telecom company will be able to use the trade dollars it receives from sales, which is a newly found source of revenue, to offset cash expenses in marketing and launching its new technology throughout the world.'

Another example is Cybertech Marketing, a new Bentley Commerce trading partner that is now loading $8.5 million in media buying opportunities into Bentley's Global Trade Marketplace. 'We are providing Cybertech Marketing with a new distribution channel for new sales to new customers,'continued Mr. Kamm. 'We believe that this strategic alliance may ultimately provide about $6 million in annual media sales, new trade spending opportunities for exchanges, over $600,000 in potential annual transaction fees to exchanges, and approximately $650,000 in annual cash and trade revenues to Bentley. Most important, media provides a high demand trade opportunity to our member exchanges, which their member companies can purchase with trade dollars in their local exchange.

'Bringing online trading technology to businesses that typically haven't traded before delivers new distribution, sales and rewards to all participating parties,'concluded Mr. Kamm. 'We expect these and other trade opportunities and trading activity to continue to drive exponential growth in the coming months. As large companies in various business sectors such as media, telecom, manufacturing and finance in addition to global non-profit charities, join our network and we make it more efficient for them and their participants to trade, so to will the trade volume, velocity and fees generated increase accordingly.'

About Bentley Commerce Corporation

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.

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.


CONTACT: TEL: 646-825-9001 Bentley Commerce Corporation

Bruce Kamm

EMAIL: bkamm@bentleycommerce.com

INET: www.bentleycommerce.com


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Upside
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Smoking,
Any idea when this was released today? Hopefully after the bell?

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keithsan
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spotted it about 10 mins after the bell
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SmokingUSA
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Here is what was on the email alert, but I didn't get it until after the bell.

From : First Alert News <FirstAlertNews@stockgroupmail.com>
Sent : Monday, May 10, 2004 9:03 PM
To : SmokingUSA@hotmail.com
Subject : BLYC : SmallCapCenter.com First Alert News


| | Trash Can | Inbox
BLYC
First Alert News Brought To
You By:
5/10/04 1:54:30 PM
Recent Alliances Will Provide Bentley's Trade Exchange


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SmokingUSA
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They are pushing the news NOW!

5/10/04 6:44:00 PM
Bentley Commerce Driving New Revenue-Generating Opportunities to its Global Trade Marketplace


Bentley Commerce Driving New Revenue-Generating Opportunities to its Global Trade Marketplace
via COMTEX

May 10, 2004

LOS ANGELES, May 10, 2004 (BUSINESS WIRE) --

Bentley Commerce Corp. (OTCBB:BLYC):

-- Recent Alliances Will Provide Bentley's Trade Exchange Network and Their Members with New Trade Opportunities including Global Long Distance Phone Calling and Millions of Dollars of National and Regional Media

In just four months since it became an operating company, Bentley Commerce Corp. (OTCBB:BLYC) has already become the leader in Internet-based barter and trade. Part of its success can be attributed to attracting trading partners, several who were never before involved in the barter industry, that offer high demand products and services on barter to the tens of thousands of companies that trade through the growing number of exchanges that are part of Bentley's Global Trade Alliance.

'A key component of our strategy is to attract a wide array of trading partners and teach them about the benefits of barter,'said Bruce Kamm, Bentley Commerce's CEO (www.bentleycommerce.com). 'Many of our new trading partners have never been involved in the barter industry, but now see how barter can positively influence their business because of the huge upside potential. We believe that trading opportunities outside of the traditional barter industry coupled with existing and newly developing trade exchanges and their members will create exponential trade opportunities and increased revenues for these businesses, for the online exchanges participating in the Bentley Global Trade Alliance and for Bentley Commerce.'

One example is a telecommunications company that is launching their business flat rate global long distance service worldwide by marketing to Bentley Commerce's tens of thousands of participating businesses in its Global Trade Marketplace. 'For example, if only 2,500 trade exchange members subscribe to the $129-per-month service, it could ultimately generate about $3.6 million per year in trade revenues to the seller, new trade spending opportunities for exchanges, over $360,000 in transaction fees to exchanges and $220,000 in annual cash revenues to Bentley,'said Mr. Kamm. 'The telecom company will be able to use the trade dollars it receives from sales, which is a newly found source of revenue, to offset cash expenses in marketing and launching its new technology throughout the world.'

Another example is Cybertech Marketing, a new Bentley Commerce trading partner that is now loading $8.5 million in media buying opportunities into Bentley's Global Trade Marketplace. 'We are providing Cybertech Marketing with a new distribution channel for new sales to new customers,'continued Mr. Kamm. 'We believe that this strategic alliance may ultimately provide about $6 million in annual media sales, new trade spending opportunities for exchanges, over $600,000 in potential annual transaction fees to exchanges, and approximately $650,000 in annual cash and trade revenues to Bentley. Most important, media provides a high demand trade opportunity to our member exchanges, which their member companies can purchase with trade dollars in their local exchange.

'Bringing online trading technology to businesses that typically haven't traded before delivers new distribution, sales and rewards to all participating parties,'concluded Mr. Kamm. 'We expect these and other trade opportunities and trading activity to continue to drive exponential growth in the coming months. As large companies in various business sectors such as media, telecom, manufacturing and finance in addition to global non-profit charities, join our network and we make it more efficient for them and their participants to trade, so to will the trade volume, velocity and fees generated increase accordingly.'

About Bentley Commerce Corporation

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.

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 Corp.

Bentley Commerce Corporation Bruce Kamm, 646-825-9001 bkamm@bentleycommerce.com www.bentleycommerce.com

Customize your Business Wire news &multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.

[This message has been edited by SmokingUSA (edited May 10, 2004).]


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penny_stock
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Any speculation, This baby might go up?


quote:
Originally posted by SmokingUSA:
Here is what was on the email alert, but I didn't get it until after the bell.

From : First Alert News <FirstAlertNews@stockgroupmail.com>
Sent : Monday, May 10, 2004 9:03 PM
To : SmokingUSA@hotmail.com
Subject : BLYC : SmallCapCenter.com First Alert News


| | Trash Can | Inbox
BLYC
First Alert News Brought To
You By:
5/10/04 1:54:30 PM
Recent Alliances Will Provide Bentley's Trade Exchange



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Upside
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This is alright! Could have some rested running legs in the morning!
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Upside
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Hmm, guess not.
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FFSHEP
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Should I be worried
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brandwilliams
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I would be careful here. Everything sounds good, and I made money on this stock a couple months ago. It ran from .02 something to over 6 cents. I have quit watching them for a while. I have asked if anyone can explain why an internet barter network would buy condos in florida, and give me a better reason than scratching backs of their business partners. Wal-Mart doesnt sell cars, nor does Coca-Cola sell general merchandise. Stick to what you do well. I just cant figure out why invest in condos? Especially for a small BB stock. A rich large cap company with their private jets and such I could figure but not BLYC. Just a thought or two I have had.

Brandon


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Upside
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But you're right brand. I can't figure that one out either.
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brandwilliams
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Upside,

They make me feel like they are a venture capitalist busines. Long distance calling, condos, nothing wrong with making money but still do what you do best. What do you think Upside.

Brandon


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Upside
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I agree, you have to have a focus. I've been in this since January and I still have confidence in them. They're supposed to be coming out with their 10Q pretty soon and that might tell us something. You have to admit, it is a unique business model and if they play it right, they could be a phenomenal success. That being said, I'll probably bail out at .07 or so (which I think they will hit soon) and wait for a pullback.
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WWJD-thru-me
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Brandwilliams wrote: would be careful here. Everything sounds good, and I made money on this stock a couple months ago. It ran from .02 something to over 6 cents. I have quit watching them for a while. I have asked if anyone can explain why an internet barter network would buy condos in florida
---------------------------------------------
First I want to say I agree about being careful here but for a different reason. I can see an online barter business owning condos in FL. They can rent them, sell them, and exchange their use for anything they need. That is the beauty of barter. They are demonstrating the principle. I own this stock, I would be be careful about buying more shares. I aim to try to time my purchase to when selling pressure is over. The share price has been steadily declining. When it has clearly turned for the better would be a good time to buy. I am watching for a good entry. If they have good numbers come out with an accurate share count, then I would buy and even chase the price up. DD-IMO-GLTA-Debi

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Upside
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quote:
First I want to say I agree about being careful here but for a different reason. I can see an online barter business owning condos in FL. They can rent them, sell them, and exchange their use for anything they need. That is the beauty of barter. They are demonstrating the principle. I own this stock, I would be be careful about buying more shares. I aim to try to time my purchase to when selling pressure is over. The share price has been steadily declining. When it has clearly turned for the better would be a good time to buy. I am watching for a good entry. If they have good numbers come out with an accurate share count, then I would buy and even chase the price up. DD-IMO-GLTA-Debi

Good points Debi. I hope you're right and that is their intent, to use them in their barter exchange.


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brandwilliams
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I hope your investments pay well, I will be keeping an eye on BLYC. Asking in the sincerest tone, tell me why you think Condos are a good investment for an online barter exchange. They are basically a broker of consumer goods. Can't imagine Ebay buying condos, not trying to compare but there is a similarity here. Also I am not saying selling long distance isn't profitable but (shaking my head) why? If the barter network isn't profitable enough to grow a business then consideration should certainly be thought about here.

Brandon


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Upside
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quote:
I hope your investments pay well, I will be keeping an eye on BLYC. Asking in the sincerest tone, tell me why you think Condos are a good investment for an online barter exchange.

Maybe they could use them like a time share? Barter off weeks as the need arises? I know it's a bit of a stretch but if I had a vacation planned in Florida and I knew I could score a week at a condo by trading away something I didn't need anymore, I'd jump on it.


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I am posting excerpts from 2 of their press releases I found at nqb.com. I think if you read this carefully it will explain the reasons they have acquired these and they seem to be both valid and well thought out. Condo Rrentals is big business. Just log onto ebay and see how many vacation rentals are available. But you need cash for ebay. With Barter you only need something to exchange, goods or services. I still like BLYC and plan to buy more shares when the selling pressure is clearly over. DD-IMO-GLTA-Debi
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Company News and Press Releases From Other Sources:

Bentley Commerce to Acquire $2.5 Million in Resort Condos in Exchange for Trade Credit to Complete a Caribbean Resort Hotel

LOS ANGELES, Mar 31, 2004 (BUSINESS WIRE) -- Bentley Commerce Corporation's (OTCBB:BLYC) Corporate Trade Group will provide $2.5 million in cash equivalent trade credit funding to a Caribbean resort in exchange for an equal amount of resort condos and suites that it plans to re-market for cash to vacation and resort travelers. Bentley Commerce will also market a portion of the room inventory through its Bentley Crump Barter Network of 180 independent trade exchanges with about 50,000 companies that trade through them, to expand trade opportunities available to its members.
Bentley Commerce's second trade credit funding of a resort was engineered together with Intertrade Capital Group, its strategic alliance partner. It will assist a resort and hotel development company to renovate and expand its Caribbean resort that currently includes a beachfront all-suite condo, located on the North Coast of the Dominican Republic near Cabarete. The Beach Resort provides spectacular oceanfront living in a casual and intimate atmosphere, on Cabarete Bay, the water sport and adventure vacation capital of the Caribbean. The quaint village of Cabarete, situated on the north coast of the Dominican Republic, is a 20-minute drive from the Puerto Plata airport, and a 45-minute meander through scenic mountain ranges from the new Santiago airport.

Under the agreement signed this week, Bentley Commerce will advance $2.5 million in cash equivalent trade credits that will be used to reduce the resort's cash requirements for the purchase of building materials, furniture, fixtures and equipment, printing and media. Bentley Commerce will also provide the resort with marketing and international sales expertise, as well as introductions to its corporate clients, especially those in its commercial and industrial buying consortium.

"When the project is completed," said Bruce Kamm, Bentley Commerce's CEO and the Managing Director of its Corporate Trade Group, "Bentley Commerce will sell most of its acquired inventory of condos and room nights for cash, which we believe may result in substantial revenue. We will also market some of the room nights for trade dollars. Our hospitality trade credit funding will also provide us with an inside track on resort hotel rooms for barter, one of the most demanded areas of personal and corporate barter, as well as present us with excellent opportunities to potentially obtain equity positions in new resorts.

"Bentley's Hospitality trade credit funding is an extraordinary opportunity for resorts and hotels requiring financing for property development, refurbishment and renovations to offset and reduce their cash requirements," Mr. Kamm concluded. "It allows the hospitality companies to pay a significant portion of their capital improvements, interest free with their own excess room capacity or future sales."

About Bentley Commerce Corporat
More than 200 lodging facilities located worldwide have already joined our Hospitality Exchange," said Joe Crump, president of the Bentley Crump Barter Network, a collaborative ***********work of over 180 trade exchanges and 50,000 members that trade through them. "Now that we have tested the concept and received such wide acceptance, we felt that this is the ideal time to acquire our strategic partner's interest, grow the exchange and build it into the world's largest online trade exchange for hotels, motels and bed & breakfasts.

"Integrating these properties into Bentley's global trade marketplace will enable our participating trade exchange members throughout the world to browse the properties, make a reservation request, receive an online confirmation, and pay for their accommodations using their trade exchanges local trade currency. In turn, participating properties will be able to trade for products and services they require for their business, such as furniture, carpeting, lighting, printing, advertising, artwork, wallpaper, tile and marble, and hundreds of other items that they would normally buy for cash."

Powered By Bentley Commerce's VirtualBarter Software, the Hospitality Exchange enables business and vacation travel properties to market directly to tens of thousands of new potential guests who will purchase their excess room inventory for trade dollars. This is extremely important to the properties, because an empty room tonight cannot be sold tomorrow. Instead, properties will be able to receive full value for excess room capacity sold on trade and then be able to use the trade dollars they receive to pay for the products and services they need without spending cash. Bentley receives a transaction fee on each trade that it expects will result in significant long-term profits.

About Bentley Commerce Corporation:


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Billy
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I saw news this morning that Bentley had requested that they stop trading this stock on the Berlin Exchange. And that is has been stopped. Is this good news or bad.
Thanks and GLTA
Billy

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speed
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Billy this is very good news indeed. Now the only thing left to get is a good 10q and prepare for takeoff. No buying nor selling going on so I suppose people are waiting for the 10q results. Bought an extra 21k shares this morning after the release and hope for the better.
quote:
Originally posted by Billy:
I saw news this morning that Bentley had requested that they stop trading this stock on the Berlin Exchange. And that is has been stopped. Is this good news or bad.
Thanks and GLTA
Billy


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barterguy
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Hi - new to the board here.

This is a response to the prior question above about why they bought condo's....

My take. Bentley has two sources of income from the companies doing business with them:

(1) "cash"

(2) "trade dollars".

They may ultimately receive a greater portion of trade dollars than cash.

To me cash is worth more than trade dollars, but Bentley can use the trade dollars to obtain services that it may normally pay for in cash, so there is some value to it.

However, it can't use the trade dollars for everything it needs, so they are better off trying to get cash. One way to do this is to convert their trade dollars to cash.

So for example, they purchased the resort condo's with the trade dollars which they will turn around and sell for cash.

From the press release:
"Bentley Commerce Corporation's Corporate Trade Group will provide $2.5 million in cash equivalent trade credit funding to a Caribbean resort in exchange for an equal amount of resort condos and suites that it plans to re-market for cash to vacation and resort travelers. "

Hope this helps.


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gmoney
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do I even have to mention this stock @ these levels. I just jumped in because, similar to my post on CTKH, BLYC and PRIM are the two other IMO most undervalued stocks I watch. Please just put it on your watchlist people and keep an eye out. 10Q looked good, CEO stated that the stock was shorted and as a result delisted off of the BERLIN exchange (similar situation with many stocks which have had green days recently). News looks good. Just watch it ... that is all
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Upside
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gmoney,

Did you really think the 10Q looked good? I just read it and it looks pretty awful to me, at least from a revenue and dilution standpoint. They're paying for everything with stock and they state that they intend to keep doing so. At the rate they're going their o/s will be the full 2.5 billion of the a/s in no time. I guess the bright side is that they expect to be profitible by the 4th quarter this year or the 1st quarter of next. Oh well, I'm still holding and hoping! GLTA.


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mizzou7
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What is going on with this stock ???

The 10Q looked terrible... IMO


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joeyisthebest
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lots of name changes
HHMMMMMMMMMMMM??????????

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Upside
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Just out this morning:

Bentley Commerce to Reduce Current Expenses by $1 Million, Restructures Corporate Team and Creates Exchange Advisory Board
6/3/2004 3:05:00 AM
LOS ANGELES, Jun 3, 2004 (BUSINESS WIRE) -- Bentley Commerce Corp. ( BLYC ), the leader in Internet-based barter and trade, will reduce current operating costs by approximately $1 million annually by restructuring and consolidating its operations, and has terminated a number of employment and consulting contracts. In addition, Bentley Commerce ( www.bentleycommerce.com) introduced a wide range of management procedures and financial controls at a special meeting of its board of directors and inaugurated a trade exchange advisory board comprised of seven barter industry professionals.

Gordon Lee, Bentley Commerce's chairman, resigned as CFO, treasurer and secretary. Bruce Kamm, Bentley's CEO, will also now serve as interim CFO and treasurer. Robert Schumacher, its president and COO will also serve as corporate secretary. Mr. Lee, who had been dividing his time between Bentley Commerce and American IDC Corp. ( ACNI ), a company he heads, will focus on American IDC Corp. ( www.americanidc.com). As a result, Mr. Lee's employment and consulting agreements with Bentley Commerce have been terminated, as well as the consulting agreement for his support staff.

"Bentley Commerce's future is in the hands of a superbly competent and dedicated management team," said Mr. Lee. "In the short time they have been with the company, they transformed it from a concept to the leadership position in online barter and trade. Since beginning the year as an operating company, Bentley Commerce has grown to include 64 independent trade exchanges online using its virtual barter software with approximately 12,000 companies that trade through them and about half a billion dollars of products and services available for trade in its online global trade marketplace. In addition, its collaborative ***********work subsidiary, Bentley Crump Barter Network, has 180 trade exchanges and about 50,000 members that trade through them off-line."

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.

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 Corp.



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VNGNTN1
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This appears to confirm the recent previous posts.
Could go either way: If they get control of expenses,or large increase in sales, GOOD otherwise ???
VAN

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Bentley Commerce's CEO Recaps End of Fiscal Year's Milestones

07/09/2004 06:03


Having completed its second quarter as an operating company, and the end of its fiscal year, "Bentley Commerce Corporation (OTCBB:BLYC) (www.bentleycommerce.com) has rapidly become the Internet leader in barter and trade with practically unlimited future growth potential in an enormous worldwide market," according to Bruce Kamm, its CEO.
"Our business model, which enables independent local, regional and national barter exchanges, as well as exchanges that serve a specific company, industry or organization, and the companies that trade through them, to join Bentley Commerce's worldwide Internet-based collaborative network of trade exchanges, has been extremely well received," continued Mr. Kamm. "Exchanges are delighted that they can use our state of the art VirtualBarter online trade exchange management system software to enable their members to trade online seamlessly with one another and with members of other exchanges throughout the world, while maintaining their own independence, brand, content and identity."

In summarizing, Mr. Kamm said, "Bentley Commerce has broken down barriers to global trade by enabling exchanges and their members to easily and effectively trade and manage their accounts online by converging four crucial components. Bentley Commerce acts as a trade currency clearinghouse (much like SWIFT is to the banking industry), a transaction processor (like Visa and MasterCard in the cash world), a trade banking system (providing online banking and record keeping) and provides a unified trade marketplace (like MLS is to the real estate industry)."

Following are some of Bentley Commerce's highlights over the past six months:

-- VirtualBarter Trading Platform -- 72 independent trade exchanges that provide online trading and account management for about 15,000 member companies are now using the VirtualBarter online trade exchange management system. An average of eight new exchanges license the software each month and utilize the software to participate in Bentley Commerce's online global trade marketplace.

-- International Expansion -- Several new exchanges in Canada, and exchanges in Malaysia, Australia and Singapore have affiliated with Bentley Commerce. This leverages Bentley's real time foreign currency conversion technology to produce new trade opportunities and revenues, never before possible.

-- Global Online Marketplace -- Close to half a billion dollars in products and services are available for trade in Bentley Commerce's Internet-based worldwide marketplace, with steady increases in average daily trade velocity.

-- Bond Exchange -- In its first week, $50 million in bond transactions were completed, generating over $1,000,000 in cash fees to The Primestreet Exchange, of which $250,000 is due Bentley Commerce. Over $100 million in new bond offers are anticipated being added this month.

-- Per Inquiry Media Program -- In its first week, generated $143,000 in advance PI advertising billing. This advertising program enables trade dollars to be converted into a new cash revenue stream by making millions of dollars of print, broadcast radio, cable TV and digital advertising media available to new and current clients that will pay cash for media provided by Bentley Commerce based on leads generated, subscriptions, orders or sales.

-- Corporate Barter -- Two transactions totaling $7.2 million were completed, which could monetize into $3+ million in remarketing revenues upon construction and completion of two resort properties. A finder's network beginning with 14 business professionals was established to originate introductions to new transaction, and the Company is working with additional professionals to also become finders.

-- Hospitality Exchange -- The hospitality exchange, a network of over 200 hotel and resort properties, was acquired and the properties added to the global trade marketplace. The number of travel reservation requests received is increasing weekly.

-- Technology -- A map based travel search and reservation management system was integrated into VirtualBarter, in addition to over 60 enhancements to Bentley Commerce's trade exchange management system and online trade marketplace.

-- Account Information System -- An IVR system was launched to provide trade exchange members with customer service features similar to that of major banks. Members can use a touch tone phone to check their trade balance as well as post a transaction from a buyer to seller or seller to buyer.

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter 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 agencies.

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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mizzou7
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Bentley Commerce Introduces the First Business Debit Card that Enables Cardholders to Pay in Barter, Just Like Credit or Debit Card Transactions, Between Members of the Same or Different Exchanges

SARASOTA, FL, July 19, 2004 -- Bentley Commerce Corporation (OTCBB:BLYC-NEWS) (www.bentleycommerce.com) the online leader in barter and trade, today introduced its Platinum Business Trade Card that is the only debit card that seamlessly processes barter exchange members’ trade purchases at the point of sale at participating merchant members worldwide, even if the buyer and seller are members of different exchanges.

Bentley Commerce is the first to offer swipe card technology to seamlessly process transactions between members of different trade exchanges, and to process transactions internationally, facilitating foreign currency exchange in real time. Most important, its Platinum Business Card uses a standard credit card merchant terminal so that sellers do not require a separate terminal to process barter transactions.

Bentley Commerce anticipates that its Platinum Business Trade Card will soon be honored at thousands of locations in the US and Canada, and in other countries later this year. Cardholders will be able to charge purchases in barter, just as they would in cash or credit. The Trade Card uses Bentley Commerce’s proprietary swipe card software technology on new terminals provided to merchants, or uploaded to merchants’ existing supported terminals. Cash transaction capabilities are among some of the future enhancements that are planned for its Trade Card.

“Our Platinum Business Trade Card is the one swipe card powerful enough to handle all of a company’s trade purchases” said Bruce Kamm, Bentley Commerce’s CEO. “It gives businesses exactly what they have been asking for: trade credit, trade dollars, tracking and control of business expenses, and eventually, cash capabilities - all in one swipe card.”

“This is Bentley Commerce’s next step in providing an integrated technology platform capable of real time trade transaction processing worldwide,” continued Mr. Kamm. “The 74 participating barter exchanges that provide online trading and account management for about 15,000 member companies, are already part of Bentley Commerce’s Global Trade Alliance and will be provided with debit cards that are branded with their exchanges’ logo to process barter now, and eventually cash transactions, at the point of sale.”

“Members of one exchange will be able to use their debit cards to make purchases from members in their exchange, as well as with members of other participating exchanges throughout the world,” said Mr. Kamm. “This should go a long way to eliminate the current constraints that hinder global trade. We envision Bentley Commerce becoming the barter equivalent to NYCE, Cirrus, Plus and other cash interexchange networks, for the universe of companies participating in barter and trade through Bentley Commerce’s Online Global Trade Alliance and Trade Exchange Network.”

The first terminals that will process Bentley Commerce’s Card transactions are the VeriFone Omni 3750 and 3300 card terminals. Bentley Commerce plans to support additional terminals, such as the Nurit 8100 and 2085, later this year. For members in the U.S. and Canada that do not have a swipe card terminal, transactions can be processed using a touch-tone phone, with one toll-free phone number to call, 24/7. Members can now process transactions over the phone and get account balances, and later on, will be able to conduct searches by area code for trading partners, such as hotels and restaurants.

Bentley Commerce already has about half a billion dollars of products and services available for trade in its online global trade marketplace launched earlier this year. It has membership agreements from about half the Canadian barter exchanges and a third of the U.S barter exchanges to participate in its Trade Exchange Network, in addition to affiliation agreements with 74 online exchanges in its Online Global Trade Alliance.

In addition to online trading, the Bentley Platinum Business Card will enable participating merchants throughout the world, to make offline trade purchases of products and services. This should prove to be especially beneficial to hotels, restaurants, and all types of retail stores and shops that typically find current trading processes cumbersome.


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COACHPHILM63
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Good news should gap up nicely today.

coach


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indamoney
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check out teh new insider buying from bruce. he really believes in this company. I do also, LONG BLYC!
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