2018 marks the 30-year anniversary of operations for IOC and its predecessor companies.
Beginning as a small retail barter exchange in 1987, ASSOCIATED BARTER SERVICES quickly rose to the Corporate trade arena, which then grew in the international arena serving multinational corporations whereas ABS then changed its name to ABS WORLDWIDE to reflect its international reach.
Expanding on its international success, ABS worldwide begin its involvement with governmental and countertrade affairs, then in 1997 expands its name to the INTERNATIONAL TRADE FINANCE CORPORATION, or ITFC. Through the success of this operation, in 2005 ITFC began to work in the defense offset arena whereas ITFC was later to become known as INTERNATIONAL OFFSET CORPORATION (IOC) to reflect its current projects.
IOC has now refocused its primary energies to re-establish itself as the leader in the domestic corporate trade arena once again, and launches its corporate arm, ARTIS corporate Barter Solutions as its domestic barter management company. IOC will remain strong in its governmental and countertrade operations for developing nations globally, operating in 21-time zones and approaching $1B in transactions by years end 2018.
IOC is pleased to announce the appointment of Mr. Colin Subbotin as IOC’s senior project manager for all agricultural and organic programs globally.
Colin is a recent graduate from Cal Poly San Luis Obispo and joins the IOC team to immediately manage IOC’s recently acquired fertilizer and organic matter projects both in the USA, Middle East and Micronesia.
IOC’s launch of its new domestic corporate barter division broke $100 million this week in aggregated purchasing for its initial client base.
Through its proprietary procurement programs, the new division has entered into agreements with several “A” level Fortune 1000 corporations who have entrusted IOC to purchase the requisite goods and services. In total, the volume exceeds $100 million.
The goods and services that IOC is working on for its client base ranges from generic products such as cellular services and travel to industry specific products for the very industries the client base operates.
IOC director of domestic business development, Evan Talbert, says “this first 30 days exceeds our expectations and our staff is excited to be working so many different products for our customers”.
IOC is currently in negotiations with several other leading companies bring additional volume to its procurement division.
IOC begins 2018 by securing new clients for its corporate barter division, and even further, is in negotiations for the corporate division to partner with the largest retail barter company, Bartercard globally.
By entering into this partnership both Bartercard and the corporate order division of IOC will establish the very first retail and corporate trade platform in the United States. According to IOC CEO Matthew Talbert “we originally looked at the opportunity through Bartercard’s competition, BBX, but felt that the outstanding ethics and parallel vision of Bartercard was far superior to satisfy our client’s needs. Now, by joining forces, a full spectrum of goods and services can be provided to our client base”. The new operation should be up and running by February 1, 2018.
Also new for 2018 will be the newly developed Bankruptcy programs of IOC to assist with satisfaction of Debtor obligations to outstanding creditors identified through the bankruptcy process. Using IOC credits as a satisfaction tool, both the debtor and creditor will receive better value in the satisfaction of the obligations.
Disaster relief remains a strong portion of the IOC programs and is currently making progress in working with the Puerto Rican government in an effort to extend the received by the for the reconstruction after the hurricanes ravished the island. IOC also plans to assist with the housing crisis by working with mortgage bankers in an attempt to restructure the outstanding loans that are in default, and further plans are in the works to establish 1000 housing units for those families in need. IOC continues to identify and develop the alternative currencies to be used by the Puerto Rican government in order to bring as much benefit as possible.
IOC is also looking West working with Micronesian islands, and East, continuing the relationship with the government of Egypt develops a new project in country there.
In line with IOC’s multiple investment in the defense industry, CNBC reached out to Matthew Talbert, CEO, to appear on their television network show “make me a millionaire inventor”.
The product that was presented was a revolutionary new vest that would enable any soldier to immediately stop blood loss from any damaged limb during a firefight. Talbert saw the product as being the necessity for every soldier worldwide.
IOC announced today that, effective 2018, a new domestic corporate barter division will be launched. This division will take IOC back to its original roots in dealing with domestic and international corporate barter clients. Founded in 1987, ABS worldwide, the predecessor to IOC, was one of the country’s foremost corporate barter companies dealing with Fortune 1000 companies domestically and multinational companies globally to assist in the acquisition of new clientele and in the reduction of bottom line cash expenses.
By opening this division, IOC will be able to finalize its total blanket strategy to now be able to extend its global countertrade and offset clients while expanding into the commercial corporate barter arena servicing corporate clientele.
Titanium Fabrics, a United States importer of textiles worldwide, has executed a $10 million agreement with IOC to expand its sales and manufacturing opportunities through the use of countertrade and corporate barter programs.
IOC is working on a new European distribution channel for Titanium by developing a private label brand for a large chain of department stores by allowing the use of IOC credits towards the purchase of Titanium Fabrics products.
Additionally, IOC is negotiating with the government of Egypt and several investment groups to build a new manufacturing facility of textiles, inclusive of Egyptian cotton, for Titanium Fabrics.
While working in Kazakhstan, IOC Chief Executive Officer Matthew Talbert was asked to give a speech to a new generation of Kazakhstan entrepreneurs. The speech spoke directly to the interests of IOC in Kazakhstan and the projects being developed there, with opportunity for local business to be involved.
After the speech many of the attending individuals approached Mr. Talbert with new ideas and possibilities to work together to develop the projects that IOC was entertaining.
Bradley Alden, IOC project manager, is seen here with military armored personnel carriers which IOC was in final negotiations to procure and deliver to one of its Middle East clients.
Due to the rising tensions in the Middle East between the ethnic tribes, defense of sales have risen dramatically and IOC has been instrumental in working with clients to use their offset credits for the procurement of these and other defense weapons.
While on a Congressional delegation throughout the middle east with various members of Congress, Matthew Talbert and the delegation stopped in Istanbul to meet with numerous representatives of the Afghanistan vice president’s office in order to discuss the further assistance and involvement of the United states of America. During the meeting it was discussed that IOC should be, and will be, more active in various roles in order to assist the Afghan government and its economic recovery.
The delegation landed in Istanbul the day after the horrific bombing of the us Temple international Airport were Talbert and the delegation laid flowers on the memorial remembering those who lost their life in the cowardly terrorist attack.
The delegation also met with representatives of the leading opposition party to the current government to discuss the internal matters and direction of Turkey.
BBX, the largest retail barter company in the world based in Australia has entered into discussions with IOC for IOC to launch BBX of the United States of America. While the terms and conditions are still being discussed, the general proposal is that IOC, with its 30 years of corporate trade and countertrade expertise, be the exclusive licensee in order to begin the sales and management of organizing the creation of BB X-US. The anticipated launch date is first quarter 2018.
Should the discussions be successful and the program move forward, BBX-US will become the first truly national retail barter company in the United States and over 20 years.
The event, sponsored by Shafik Gabr, a prominent Egyptian industrialist, is designed to bring scholars together to interact and understand the differences and commonalities between civilizations.
During the three hour event Talbert met with Congressman Dana Roerhbacher and Congressman Darryl Issa with brief discussions on how IOC functions in the modern world and assists in the development of third world countries economic policies and defense.
While on a CoDel with senior US officials and members of Congress, IOC met with senior political officials and members of the military to discuss the ongoing challenges facing Egypt. These challenges were ranged from political instability to poor economic conditions. IOC was instrumental in developing new concepts and strategies for the government and the military to address certain challenges ranging from water to food production to defense.
TCA President G. Lincoln McCurdy hosted a dinner in Istanbul on July 1, 2016 for a visiting congressional delegation led by Congressman Dana Rohrabacher (R-CA/48th), Chairman of the House Foreign Affairs Subcommittee on Europe, Eurasia and Emerging Threats. Other members of the delegation included Representatives Juan Vargas (D-CA/51st), Louie Gohmert (R-TX/1st) and IOC Chief Executive Officer Matthew Talbert. Representatives from the Turkish business community, academia, and civil society also attended the dinner. The discussion focused on U.S.-Turkey relations, collaboration in the fight against ISIS, the recent terrorist attack at Istanbul’s Ataturk Airport, the U.S. presidential election, and the Turkish American community. Chairman Rohrabacher also praised Turkey for its normalization of relations with both Israel and Russia.
International offset Corporation has just opened its first European office in Madrid Spain. Headed up by Paris delatraz the office is to oversee the North African Middle East and Central Asia projects undertaken by IOC.
A.D.A.P.T is unquestionably the most advanced ballistic and explosive coating company we have come across to enter excited to be representing the technology.
A.DA.P.T. Produces both the world’s most advanced armor plates for bulletproof vests and has developed a spray on coding that allows up-armoring of vehicles, facilities, infrastructure or any other vulnerable product or technology.
Having already delivered a $20 million contract with the KSA, A.D.A.P.T is looking to work with IOC in numerous programs that are already in the works in both the Middle East and Central Asia.
IOC is pleased to announce that it has been approved as a member of the Global Offset and Countertrade Association (“GOCA”), an association of businesses involved with offset and/or countertrade arrangements. The International Offset Corporation’s executive team is very much looking forward to attending the upcoming GOCA-sponsored Global Industrial Cooperation Conference in Toledo, Spain, in May 2016.
IOC announces that it has expanded its base of operations to the east coast with the opening of a new office in Washington, DC. This expansion will help facilitate our growth and visibility, particularly as we work with a greater number of international governments on offset and countertrade arrangements.
With an invitation from House members to attend president Ashraf Ghani‘s speech to the Congress, CEO Matthew Talbert was a guest at the Presidential speech in Washington.
IOC has been in discussions with various Congressional Committee members as to how IOC could be of benefit in reenergizing the Afghan economy and stability.