More +news on penny stock BLYC .064 ...Bentley Commerce Processes $5.28 Million in Trade Volume, Earns $15,000 in Trade Fees in Its Second Month as an Operating Company
Monday March 22, 6:00 am ET
Bentley Commerce's Online Global Trade Marketplace Grows to $443 Million in Products and Services Offered for Trade
LOS ANGELES--(BUSINESS WIRE)--March 22, 2004-- In just its second month as an operating company, Bentley Commerce Corp. (OTCBB:BLYC - News) processed $5.28 million in total trade volume during February 2004, earned $15,000 in trade fees, and listings on its global trade marketplace increased to $443 million.
"The dramatic 164% increase in trade volume, from $2 million in our first month to $5.28 million in our second month," said Bruce Kamm, Bentley Commerce's CEO, "is a result of the new exchanges we brought online and the wide array of products and services offered for trade by their member businesses, coupled with an increasing number of corporate trade transactions.
"Although trading fees may appear to be nominal in February, we anticipate that the larger amount of trade volume will generate fees in future months," continued Mr. Kamm. "This is because on larger transactions, Bentley Commerce may not receive its fees from the initial trade, but rather when the company that sold the product or service spends the trade credit it received. Additionally, corporate trade transactions often take time to remarket the acquired assets to cash buyers and exchange members.
"We believe that the tremendous growth in trade volume from the first to the second month is a clear indication of how our online trading system can grow exponentially and the potential we have for future cash revenues," said Mr. Kamm. "It tangibly demonstrates confidence in our systems and in Bentley Commerce's universal trade currency used for inter-exchange trading.
"The 34 independent trade exchanges and 2 enterprise exchanges that are now online with Bentley's state-of-the-art Virtual Barter 3.0 Software and trade exchange management system, manage barter and trade transactions for approximately 9,500 small to midsize companies," said Mr. Kamm. "We are now negotiating with nine large exchanges that have about 10,000 members, to join our worldwide network and use VirtualBarter. This could rapidly double the online member base. Trading increases as we attract more exchanges that bring their members online. This creates increased trading fees and remarketing revenue."
About Bentley Commerce Corporation:
Bentley Commerce Corporation is a business-to-business, e-commerce company that provides a new Internet marketplace and distribution channel for worldwide barter and trade. Its seamlessly integrated family of online barter services includes VirtualBarter, Internet-based software that enables independent exchanges and their members to manage, merchandise and market their products and services to a worldwide network of trade exchanges. In addition, its Bentley Crump Barter Network is comprised of 180 independent barter exchanges located in North America and about 50,000 small to midsize businesses that trade through them. Bentley Corporate Trade Group assists companies to sell their excess inventory, production or capacity at full value for cash equivalent trade credits, rather than liquidating it for pennies on the dollars.
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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Contact:
Bentley Commerce Corporation
Bruce Kamm, 646-825-9001
bkamm@bentleycommerce.com
www.bentleycommerce.com
Still feel like this will be a multibagger over time...tuna |
