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Author Topic: BLYC
gmoney
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and WE'RE OFF!
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r.douglas
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someone must be pretty serious to buy a million shares
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speed
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We shure can't figure this baby out, one day it is up, the other down, next? to da moon? yee hooo! My heart is pounding for you baby!!!! go blyc, go go go!!!
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Bam Bam 17
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10QSB: BENTLEY COMMERCE CORP

2/12/2004 2:34:40 PM

(EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

When used in this Form 10-QSB, the words "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties, including those set forth below under "Risks and Uncertainties," that could cause actual results to differ materially from those projected. These forward-looking statements speak only as of the date hereof. The company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. This discussion should be read together with the financial statements and accompanying notes included in the company's Annual Form 10-KSB.

GENERAL


Beginning in calendar year 2003, Bentley began its transition to a business-to-business, Internet e-commerce company focused on establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of Internet barter services, it envisions that most barter transactions can be handled online, in real time, with the comprehensive, proprietary VirtualBarter 3.0 software it licensed for North America.

Bentley's mission is to become the online "market maker" for the multi-billion dollar barter industry serving as the neutral intermediary that will bring together fragmented multiple groups of buyers and sellers to trade interactively with each other over the Internet. Bentley intends to serve as a clearinghouse for barter trades for fortune 500 trading partners, hundreds 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.

o ANNUAL MEETING OF SHAREHOLDERS

On Thursday, October 30, 2003, Bentley held its Annual Meeting of Shareholders. Among the proposals passed were changing the company's name to Bentley Commerce Corp. from Bentley Communications Corp.; the purchase of the assets of Crump Barter Systems, Inc.; the election of Gordon F. Lee, chairman and CEO, and Robert Schumacher, president and COO, for a one year term as directors; and approval of the company's new business plan.

o NAME CHANGE TO BENTLEY COMMERCE CORP.

To more accurately reflect the company's position as an emerging leader in e-commerce based online barter and trade, shareholders authorized a name change from Bentley Communications Corp. to Bentley Commerce Corp. at its Annual Meeting of Shareholders. This action did not change or consolidate the issued and outstanding common stock of the company. In subsequent events, its new name became effective on January 12, 2004, its trading Symbol changed from BTLY to BLYC, and its CUSIP number changed to 08264E 10 3.

o BENTLEY CRUMP BARTER NETWORK

On August 4, 2003, Bentley reached an agreement in principal to acquire the assets of Crump Barter Systems, Inc., including the sole and exclusive use of

the name "Crump Barter," all right, title and interest in and to the website " www.crumpbarter.com the Crump Barter system, including its 180 affiliates and alliances, trade receivables and trade payables, fixed assets, all goodwill, real property, personal property, choses in action, and intangible or intellectual property in which Crump has a right or interest or the right to acquire an interest. The Crump Barter System was founded 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.

On November 6, 2003, Bentley and Crump Barter Systems, Inc. mutually agreed to cancel the Asset Purchase Agreement because Crump failed to deliver the required financial statements. Bentley and Crump instead entered into a License Agreement, whereby Bentley licensed the business methods of Crump. This License is for three years and renews automatically thereafter for three year periods until terminated. In exchange for the License, at closing, Bentley will pay to Crump a one-time license fee of 10,000,000 shares of restricted common stock, valued at $.01 per share, and $30,000. Further, the license is subject to an ongoing royalty fee of Three Percent (3%) of the barter fees or $5,000 during any fiscal quarter, which ever is greater, as long as the royalty fee does not exceed $10,000 per fiscal quarter.

In December 2003, Bentley Crump Barter Network was set up as a wholly owned subsidiary of Bentley Commerce Corp., with Joe Crump serving as its president. It has a membership of 180 independent 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.

o VIRTUALBARTER 3.0 SOFTWARE

On Monday, December 8, 2003, VirtualBarter 3.0 went online. VirtualBarter 3.0 is the comprehensive suite of trade exchange management software that builds and enables an Internet based worldwide network of barter and trade exchanges, that Bentley licensed exclusively for North America, This software is the cornerstone for Bentley's worldwide collaborative trade alliance. It will link the members of the Bentley Crump Barter Network in a global online system, as well as other independent exchanges that join. It is intended to help eliminate barriers to trade by providing new multi-lingual, multi-currency trading for barter and trade exchanges, and their members worldwide.

VirtualBarter 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. It was significantly enhanced with the release of version 2.0 in July 2002. Version 3.0, the platform Bentley will be using, was released December 2003.

VirtualBarter will give members of Bentley's trade exchanges the ability to manage their own accounts as they can post transactions, view real time online statements, view detailed transaction history, search local and global member directories, and manage their inventory offered for trade with a fully integrated item and inventory control management system.

In addition to national, regional and local trade exchanges joining the system, exchanges are being set up through VirtualBarter 3.0 that cater to specific

industries as well as nonprofit organizations. Examples include exchanges that will enable:

o artists to trade their art work for the products and services they need; o an 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; and o qualified non-profit organizations to more efficiently acquire and convert donated gifts in kind to other products and services more useful to their organizations.

Bruce Kamm, managing director of Intertrade Capital Group, will manage Bentley's corporate trade division. As part of the strategic alliance, Intertrade will provide Bentley with the ability to facilitate trading under its corporate accounts receivable trading format. Intertrade will market and promote Bentley's corporate and industrial trading business and will negotiate and enter into Accounts Receivable Purchase Agreements. Intertrade will also manage the utilization or unwinding of cash credits by providing Bentley's corporate and industrial trade clients with cash equivalent credit spending opportunities.

o BENTLEY CORPORATE TRADE - Bentley begins its entry into the corporate barter business through a strategic alliance with Intertrade Capital Group, Ltd., a leading 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 Network to initiate corporate trade and to obtain the resources necessary to successfully complete transactions. It will also be able to present a wide range of goods obtained through corporate trade to thousands of retail barter customers. In addition, Bentley plans to execute corporate trades that originate from sources outside of the Crump Network.

o BENTLEY 20% STOCK DIVIDEND

On October 1, 2003, Bentley announced a twenty percent (20%) stock dividend payable to shareholders of record as of October 24, 2003. It was extended on October 17 to shareholders of record as of November 5, 2003, with dividend shares distributed on or about December 1, 2003. As a result of the dividend, shareholders of record received 1 (one) additional share of Bentley Communications Corp. common stock for every five (5) shares they held.

SUBSEQUENT EVENTS:


o BRUCE KAMM, NEW CEO OF BENTLEY

Bruce Kamm, one of the barter and trade industries most experienced and highly regarded executives, was appointed CEO of Bentley Commerce Corporation, effective February 1, 2004.

Mr. Kamm is the developer of VirtualBarter software that 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. He is also the founder and CEO of Intertrade Capital Group, a global alliance

organization that enables barter, trade, countertrade, asset management and alternative capital and financial transactions to greatly expand liquidity and bottom line profitability. At Intertrade he engineered numerous alternative finance and corporate trade transactions for many of America's foremost companies.

Previously, Mr. Kamm established an ITEX office in New York City, which in less than one year became ITEX'S largest and most successful exchange and facilitated the highest amount of trade volume and revenues of any ITEX office for seven consecutive years, culminating in over $16 million in annual trade volume in 1999.

In addition, Mr. Kamm founded TradeBanc, at the time, the first and only Internet based transactional trade banking system that enabled barter transactions, trade finance and asset auctions between small, medium and large national and international companies on a global basis. He was co-founder of UNITE, the global trade network of barter and trade exchanges. Mr. Kamm also founded and managed a real estate development company that specialized in using trade and offset as a component in many of its real estate and construction transactions.

Bentley's executive management team will consist of Gordon Lee, chairman of the board and chief financial officer; Mr. Kamm, chief executive officer; Robert Schumacher, president and chief operating officer; and Joe Crump, president of the Bentley's Crump Barter Network, Inc.

Results of Operations -

Six Months ended December 31, 2003 and 2002

REVENUES - For the six months ended December 31, 2003 and 2002, the Company generated no revenues.

COSTS AND EXPENSES - Total operating costs and expenses decreased from $3,455,791 for the six months ending December 31, 2002 to $1,135,817 for the same period ending in 2003. The decrease of $2,319,974 is primarily attributable to the reduction of investment impairment in Kryptosima of $1,500,000 paid for in shares of the Company in December of 2002, and, approximately $750,000 in consultants' fees for services rendered paid for with shares.

Depreciation and amortization expense for the six-month period ending December 31, 2003 and 2002 was $351 and $350, respectively.

Liquidity and Capital Resources -

As of December 31, 2003, the Company had a working capital deficit of $582,441 compared to a deficit of $426,926 at June 30, 2003, an increase in deficit of $155,515. The increase in deficit was primarily due to a reduction of approximately $54,000 in prepaid expenses, an increase of approximately $26,000 in accounts payable, an increase of approximately $89,000 in cash advances due, and, a decrease of approximately $15,000 in due related parties liabilities.

While the Company 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. The Company is seeking financing in the form of equity and debt for working capital. There are no assurances the Company will be successful in raising the funds required.

The Company has borrowed funds from significant shareholders of the Company in the past to satisfy certain obligations and anticipates continuing to borrow funds to meet future working capital requirements.

The Company generated a cash flow deficit from operations of $291,055 for the six months ended December 31, 2003. Cash flow deficits from operating activities for the six months ended December 31, 2003 is primarily attributable to the Company's net loss from operations of $1,141,006 adjusted for depreciation and amortization of $351 and common stock issued for services rendered, accrued expenses, organization costs and prepaid consulting fees.

The effect of inflation on the Company's revenue and operating results was not significant. The Company's operations are in the southwestern United States and there are no seasonal aspects that would have a material effect on the Company's financial condition or results of operations.

The Company's independent certified public accountants have stated in their report included in the Company's June 30, 2003 Form 10-KSB, that the Company has incurred operating losses in the last two years, and that the Company is dependent upon management's ability to develop profitable operations. These factors among others may raise substantial doubt about the Company's ability to continue as a going concern.

RISKS AND UNCERTAINTIES


The Company has sought to identify what it believes to be the most significant risks to its business, but cannot predict whether or to what extent any of such risks may be realized nor can there be any assurances that the Company has identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to the Company's stock.

BENTLEY HAS LIMITED EXPERIENCE IN THE E-COMMERCE BUSINESS SECTOR; ANTICIPATES
LOSSES; AND IS UNCERTAIN OF FUTURE RESULTS.


Bentley has only limited experience in the e-commerce business sector. Bentley will be incurring costs to develop, introduce and enhance its barter services, to establish marketing relationships, to acquire and develop products that will compliment each other and to build an administrative organization. To the extent that such expenses are not subsequently followed by commensurate revenues, Bentley's business, results of operations and financial condition will be materially adversely affected. Bentley may not be able to generate sufficient revenues from the sale of its service and products. Bentley expects negative cash flow from operations to continue for the next four quarters as it continues to develop and market its business. If cash generated by operations is insufficient to satisfy Bentley's liquidity requirements, Bentley may be required to sell additional equity or debt securities. The sale of additional equity or convertible debt securities would result in additional dilution to Bentley's stockholders.

BENTLEY FACES POTENTIAL FLUCTUATIONS IN QUARTERLY OPERATING RESULTS.


Bentley's quarterly operating results may fluctuate significantly in the future as a result of a variety of factors, most of which are outside Bentley's control, including:

o the level of use of the Internet;
o the demand for alternative payment services;
o approval of Electronic Funds Transfer networks
o seasonal trends in Internet use,
o the amount and timing of capital expenditures; and other costs
relating to the expansion of Bentley's Internet operations;
o the introduction of new services by Bentley or its
competitors;
o technical difficulties or system downtime;
o general economic conditions, and
o economic conditions specific to the Internet and Internet
media.

Bentley's quarterly results may also be significantly impacted by the accounting
treatment of acquisitions, financing transactions or other matters. Due to the
foregoing factors, among others, it is likely that Bentley's operating results
will fall below the expectations of Bentley or investors in some future period.

BENTLEY'S COMMON STOCK TRADES IN A LIMITED PUBLIC MARKET, THE NASD OTC
ELECTRONIC BULLETIN BOARD; ACCORDINGLY, INVESTORS FACE POSSIBLE VOLATILITY OF
SHARE PRICE.


Bentley's common stock is currently quoted on the NASD OTC Bulletin Board under the ticker symbol BLYC. As of December 31, 2003, there were 455,144,625 shares of common stock outstanding, of which approximately 178,475,923 were tradable without restriction under the Securities Act. There can be no assurance that a trading market will be sustained in the future. Factors such as, but not limited to, technological innovations, new products, acquisitions or strategic alliances entered into by Bentley or its competitors, failure to meet security analysts' expectations, government regulatory action, patent or proprietary rights developments, and market conditions for technology stocks in general could have a material effect on the liquidity of Bentley's common stock and volatility of Bentley's stock price.

BENTLEY'S FUTURE OPERATIONS ARE CONTINGENT ON ITS ABILITY TO MANAGE ITS GROWTH,
IF ANY.


Bentley expects to experience significant growth in the number of employees and the scope of its operations. In particular, Bentley may hire additional engineering, sales, marketing, content acquisition and administrative personnel. Additionally, acquisitions could result in an increase in employee headcount and business activity. Such activities could result in increased responsibilities for management. Bentley believes that its ability to increase its customer support capability and to attract, train, and retain qualified technical, sales, marketing, and management personnel, will be a critical factor to its future success.

Further, Bentley's future success will be highly dependent upon its ability to successfully manage the expansion of its operations. Bentley's ability to manage and support its growth effectively will be substantially dependent on its ability to: implement adequate improvements to financial and management controls, reporting and order entry systems, and other procedures and hire sufficient numbers of financial, accounting, administrative, and management personnel. Bentley's expansion and the resulting growth in the number of its employees will result in increased responsibility for both existing and new management personnel. Bentley is in the process of establishing and upgrading its financial accounting and procedures. Bentley may not be able to identify, attract, and retain experienced accounting and financial personnel. Bentley's future operating results will depend on the ability of its management and other key employees to implement and improve its systems for operations, financial control, and information management, and to recruit, train, and manage its employee base. Bentley may not be able to achieve or manage any such growth successfully or to implement and maintain adequate financial and management controls and procedures, and any inability to do so would have a material adverse effect on its business, results of operations, and financial condition.

Bentley's future success depends upon its ability to address potential market opportunities while managing its expenses to match its ability to finance its operations. This need to manage its expenses will place a significant strain on the Bentley's management and operational resources. If Bentley is unable to manage its expenses effectively, the company may be unable to finance its operations.

BENTLEY FACES RISKS ASSOCIATED WITH FUTURE ACQUISITIONS, IF ANY.


As part of its business strategy, Bentley expects to acquire assets and businesses relating to or complementary to its operations. These acquisitions by Bentley will involve risks commonly encountered in acquisitions of companies. These risks include, among other things, the following:

o Bentley may be exposed to unknown liabilities of the acquired
companies;
o Bentley may incur acquisition costs and expenses higher than
it anticipated;
o Fluctuations in Bentley's quarterly and annual operating
results may occur due to the costs and expenses of acquiring
and integrating new businesses or technologies;
o Bentley may experience difficulties and expenses in
assimilating the operations and personnel of the acquired
businesses;
o Bentley's ongoing business may be disrupted and its
management's time and attention diverted; and
o Bentley may be unable to integrate successfully.


Feb 12, 2004

(c) 1995-2004 Cybernet Data Systems, Inc. All Rights Reserved


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cndboy
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This baby is moving again ... Can anyone give me some L2's.... Thanks,
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fastrunner
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Just want to move this up to the top. Moving very nicely today.
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Jesse K
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How do you guys see this as a long term hold?
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speed
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Nice pop hen? Could anyone tell me where is the nex resistance please thanks in advance.
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VNGNTN1
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BUMP
Nice day
VAN

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Moose
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quote:
Originally posted by Jesse K:
How do you guys see this as a long term hold?

this is a great long term hold- if you have done your dd you would see why: more and more compaines are joining the barter industry (through bently!)

Great long term oppurtunity


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Dardadog
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[This message has been edited by dardadog (edited February 23, 2004).]


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realityinc21
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[QUOTE]Originally posted by dardadog:
[B]

yes--long term hold--VOLUME IS UP!!! ALL SYSTEMS ARE A GO!!

------------------
DIANA


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Dardadog
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This thing is movin' out.

------------------
DaDog


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Dardadog
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WE'VE GOT UPWARD MOVEMENT HERE!!!

------------------
DaDog


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Dardadog
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TOOK $100 HERE.

------------------
DaDog


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VNGNTN1
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I think that after Nov election & if economy is being artificially shored up, you will see this really take off.
VAN

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Schnauzer
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I sold yesterday and took $725 ... not a bad profit.
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Dardadog
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[This message has been edited by dardadog (edited February 23, 2004).]


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speed
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Yeeha! Bentley is growing bigger and faster then I tought it would. Go Bentley, keep up the good work.
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WWJD-thru-me
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It keeps climbing. Just hit .052 I think this will still move up more. -Debi
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robbob
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she is moving hard!!!
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ascw60
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This stock is on fire. The beauty of it is its a real company ran by a very respected CEO. This could be the winner of the year for me. Everyone do some DD on this one. You will like what you learn of the company. Good luck all.
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ascw60
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Not trying to pump here, but want to point out that there is very little selling pressure even with a 29% move up. Thats a good sign for the newbies on this board. I bought another 100000 shares today at .051 for a total of 200000.
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mettamark
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Definitely holding this one long term. I see it bypassing ITEX which currently trades at .14 in 2-3 months, yet does not have a comparable on-line presence. I got the 20% stock bonus from Bentley a while ago and bought in @ .03...if all my stocks were going this way I would be very happy :-)!

quote:
Originally posted by Jesse K:
How do you guys see this as a long term hold?


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WWJD-thru-me
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I see this as a long term hold because they have a needed idea, is making money right out of the gate and is a recurring source of revenue. Read the January 21, 2003 PR about the CEO and what he has accomplished. I expect him to do the same or better with this.
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ascw60
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Ready to go for the afternoon.
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ascw60
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Go ook at level two everyone. This is only going up from here.
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dog-n-pony-show
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Guys and Gals...this evidently didnt hit the wires like the previous related releases and actions...

THE ACTION EXPECTED/EXPOUNDED FOR FEB 20TH DEADLINE ON NAKED SHORTS= EXTENDED TILL APRIL 1ST! THE BIG MM'S (LIKE NITE ETC)GOT THE NASD TO BEND/KNEEL OVER AGAIN!

YET WE ARE STILL HITTING HIGH GEAR AND THE SHORTS AND NAKED SHORTS ARE A RUNNING FOR COVER! AND WHEN THEYRE ON THE RUN...YOU GOTTA GUN IT! MORE BIG GUNS COMIN TO FRONT LINES...DRIVING RIGHT TO APRIL 1 AND BEYOND! YEE HAA...HAAA HAAA VICTORY IS OURS....SUCCESS IS THE BEST REVENGE= NAKED SHORTS COMIN TO THEIR END!

MORE ACTIONS ON SAME/SIMILAR DUE FROM SEC DIRECT TOO...SOON....

NASD Notice to Members 04-08

Effective Date of Amendments to NASD Rule 3370 (Affirmative
Determination Requirements) Extended to April 1, 2004

Executive Summary

NASD is delaying the effective date of amendments to Rule 3370 (Prompt
Receipt and Delivery of Securities—the "Affirmative Determination"
Rule) approved by the SEC in November 2003,1 until April 1, 2004. The
amendments expand the scope of the affirmative determination
requirements to include orders received from broker/dealers that are not
members of NASD ("non-member broker/dealers"). The effective date of
the amendments originally was February 20, 2004.2 NASD understands
that some members need to make significant technological changes to
their systems to comply with the new requirements; therefore, NASD is
extending the effective date to provide members with additional time to
make such changes.

Questions/Further Information

Questions concerning this Notice may be directed to Gary L. Goldsholle,
Associate General Counsel, Regulatory Policy and Oversight, NASD, at
(202) 728-8104; or Patricia M. Albrecht, Assistant General Counsel,
Regulatory Policy and Oversight, NASD, at (202) 728-8026.

Discussion

As further detailed in Notice to Members 04-03, the SEC recently
approved amendments to Rule 3370 to require that, prior to accepting a
short sale order from a non-member broker/dealer, a member make an
affirmative determination that the member will receive delivery of the
security from the non-member broker/dealer or that the member can
borrow the security on behalf of the non-member broker/dealer for
delivery by the settlement date. In addition, the amendments provide
exemptions for certain proprietary orders of a non-member broker/dealer
if those proprietary orders meet the same conditions for exemptions
applicable to proprietary orders of member firms, and the following two
conditions are satisfied: (1) the non-member broker/dealer must be
registered with the SEC; and (2) if using the market maker exemption, the
non-member broker/dealer is registered or qualified as a market maker in
the securities and is selling such securities in connection with bona fide
market making.

As approved, the effective date of the amendments was February 20, 2004;
however, NASD is delaying the effective date of these provisions until
April 1, 2004. NASD understands that some members will need to make
significant technological changes to their systems to comply with the new
requirements. NASD believes that delaying the effective date of these
amendments until April 1, 2004, will provide members the additional time
necessary to make changes to their systems.


Endnotes

1 File No. SR-NASD-2001-85; SEC Release No. 34-48788 (Nov.
14, 2003); 68 F.R. 65978 (Nov. 24, 2003).

2 See Notice to Members 04-03 (January 2004).

©2004. NASD. All rights reserved. Notices to Members attempt to present
information to readers in a format that is easily understandable. However,
please be aware that, in case of any misunderstanding, the rule language
prevails.



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dog-n-pony-show
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Market News

--------------------------------------------------------------------------------

BLYC BENTLEY COMMERCE CORPORATION

--------------------------------------------------------------------------------

BLYC: New 52-Wk High @ $0.048 up 17.07%

MONDAY , FEBRUARY 23, 2004 10:54 AM

This is the 1st 52 WEEK HIGH alert for BLYC in the past 7 calendar days.

The share price for Bentley Commerce Corporation (OTCBB: BLYC) reached a new 52-week high today, trading at $0.048, up $0.007 (17.07%) from its previous close of $0.041.

The Company's previous 52-week high of $0.046 was set 109 days ago on November 06, 2003.

One year ago, the Company's shares closed at $0.014. The price has climbed more than 242 percent since then.

At the time of this alert, the stock had traded 4,205,500 shares via 87 trades, 2.30% above it's 20day average of 4,110,805 shares.

This new 52-week high currently puts the stock:

48.84% above its 20day Moving Average of $0.032
59.31% above its 50day Moving Average of $0.030
54.79% above its 100day Moving Average of $0.031

The Company last released news on February 23, 2004 (today):

"Bentley Commerce's Online Hospitality Exchange Launches This Week with Over 200 Hotels, Motels, and Bed & Breakfasts"

BENTLEY COMMERCE CORPORATION
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.



NOTE= LOOKS LIKE THEYRE A LITTLE OFF...LOW...BEHIND...ITS EVEN BETTER/BIGGER...BARTER IS SMARTER...AND BIGGER AND BETTER!


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dog-n-pony-show
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NOTE= ALMOST 27 MIL SHARES..."WHOA"...ER..."GIDDY-UP"! "YEE HAAA"!

BLYC BENTLEY COMMERCE CP.

Last Sale: 0.053 +0.012 +29.27% Company Profile
Address
S & P Company Insight
Monthly Share Volume
Real Time News and Alerts


Volume: 26,819,494 Previous Close: 0.041 (2/23/2004)
04:02:38 PM 2/23/2004


Today's High: 0.058

Today's Low: 0.03
Best Bid: 0.053 Best Ask: 0.055
Bid Size: 5000 Ask Size: 5000
Status: Active

Headlines
02/23/2004 - BLYC: New 52-Wk High @ $0.048 up 17.07%
02/23/2004 - BLYC: Launch of Bentley Hospitality Exchange
02/23/2004 - Bentley Commerce's Online Hospitality Exchange Launches This Week with Over 200 Hotels, Motels, and Bed & Breakfasts




Copyright © 2003. The Nasdaq Stock Market, Inc. Please read our Disclaimer and Privacy Statement.


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EverGreen
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Now that the 0.047 wall is broken let's run to 0.14 (previous high 2002)
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mizzou7
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HERE WE GO.........................

February 24, 2004 06:02 AM US Eastern Timezone

Bentley Commerce to Acquire $5 Million in Resort Condos and Suites in Exchange for $5 Million Trade Credit to Complete New Resort Hotel

LOS ANGELES--(BUSINESS WIRE)--Feb. 24, 2004--Bentley Commerce Corporation's (OTCBB:BLYC) new Corporate Trade Group will provide $5 million in cash equivalent trade credit funding to a Caribbean resort in exchange for an equal amount of resort condos, suites and rooms 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 first trade credit funding of a resort, was engineered together with Intertrade Capital Group, its strategic alliance partner. It will assist a U.S. based company that specializes in resort and hotel development to complete one of its Caribbean resorts located on the North Coast of the Dominican Republic near Cabarete. It includes a 340-acre master-planned residential beach-front resort community, a 180 all-suite condo-hotel and conference center, plus approximately 300 homesites, an 18-hole golf course, sites for additional hotels, a commercial shopping center and casino.

Under the agreement signed this week, Bentley Commerce will advance $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 also has an option to receive a 10% equity share of the completed $100 million resort village project for $1 million in Bentley Commerce stock, pursuant to the resort reaching certain milestones. 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 will result in substantial revenue. We will also market some of the room nights for trade dollars. Our hospitality trade credit funding initiative will also provide us with an inside track on resort hotel rooms for barter, one of the most demanded areas of personal and cooperate barter, as well as present us with excellent opportunities to obtain equity positions in new resorts.

"Bentley's Hospitality trade credit funding initiative 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."

In Other News:

An agreement with Intertrade Capital Group to provide Bentley Commerce Corporation with the ability to facilitate trading under its corporate accounts receivable trading format was signed today. Intertrade will market and promote Bentley's corporate and industrial trading business and will negotiate and enter into Accounts Receivable Purchase Agreements. Intertrade will also manage the utilization or unwinding of cash credits by providing Bentley's corporate and industrial trade clients with cash equivalent credit spending opportunities. The agreement also joins the Bentley Crump Barter Network with Intertrade's team of international trade finance and corporate barter specialists. Bruce Kamm, new CEO of Bentley Commerce Corporation, is the founder and managing Director of Intertrade.

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.


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Bob Frey
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Upticking this am
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ascw60
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Going to be another good day for this one. I wouldnt mind seeing .14
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dog-n-pony-show
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Actually, from approx Aug 15-22 in 2002 it was 15-18 range...with ACTUAL HIGH of 17.8.

BLYC/BTLY has much much better Focus,Facts, Fame and Fortune aspects now (Exec team, Industry, Revenues,Superior and proven Proprietary Tech, etc etc etc) than just the "Pin-Pad" tech promises and tiny proportional revenues and realities!

We should see over the 18 mark and much more...sooner than most realize...and higher than most dared to hope or believe!

Go BLYC!

quote:
Originally posted by EverGreen:
Now that the 0.047 wall is broken let's run to 0.14 (previous high 2002)


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