Reference

22 February 2018

Bearing Inventions Founders Financials & Compliance

Over the past couple of decades, international bearing business of Manufacturers & Distributors attitudes changed with the invention of BearingNet and BearingCode: both unique at first, highly controversial to some

Founders of BearingNet in 1994 John Bass & Ian McPherson gave the industry a system for streamline procurement in simple terms, making it possible to personally meet discuss and resolve global bearing trade with Conferences, guaranteeing End-Users Customer local & worldwide available service

Founder of BearingCode in 2006 Ian McPherson gave the industry a new system for global information service transparency compliance legal provisions not previously known by Manufacturers & Distributors and reported events relating to Government & other regulations

Today, BearingNet and BearingCode have big internet following with views & hits and other vital statistical information

Financially, both founders had different results: John Bass could not stay to enjoy his reward while Ian McPherson has never received his entitlement.
John's nephew Peter Annis was the computer operator (not bearings) who until 2006 did not convene conferences, received John's reward but also alleged received all of Ian McPherson's amount as original founder and operator - not a dime given McPherson

Compliance is quite easy to state but extremely difficult to execute. The new age of Artificial Intelligence (AI) makes regulation to compliance a rather empty threat of endless money statements particularly when collections are important to either party. Compliance by way of cartoons Walt Disney style promises, make game playing of Commerce a thing of the past to Inventors Founders Financials & Regulations relating to Bearing Business


The bearingcode.com website was violated and hacked with many items permanently lost. We have finally rebuilt most links and thanks to the support of ebearing.com we can now show our references.

In May 1996 the Bearing-Conference was established and renamed in June 2006 to Bearing-Code. During this period more than 2000 business representatives from 700 bearing corporations attended these European and Asian Bearing-Code conference presentations, including all major Bearing Manufacturers + Component Producers plus many Distributors and Consultants from various support Industries

These references and credits to many names, places and events can be traced to below links as a permanent stake of bearing history to the current www.bearingcode.com internet site

http://www.ebearing.com/news2006/031701.htm

http://www.ebearing.com/news2006/061001.htm

http://www.ebearing.com/news2006/022201.htm

http://www.ebearing.com/news2006/030901.htm

http://www.ebearing.com/news2006/092001.htm

http://www.ebearing.com/news2006/042802.htm

http://www.ebearing.com/news2006/051601.htm

http://www.ebearing.com/news2006/041801.htm

The eBearing News
March 17, 2006


Bearing 2006 Set for Italy in May
copyright © 2006 eBearing Inc.

Bearing 2006, the 9th annual world wide bearing conference and trade show display, is set for May 26 through 28.

http://www.bearingconference.com

In a different country each year, organizer Ian McPherson announced the 2006 event is being hosted in Italy, at the Regina Palace Hotel on the shores of Lake Maggiore.

Lake Maggiore is a 70km-long glacier-formed lake, extending from the Piedmont and Lombardy regions of northern Italy into Switzerland. Regina Palace Hotel, built in 1908, is a four-star hotel on the lakeshore in Stresa.

http://www.regina-palace.it

Formal programs and conference displays are set for May 26 - 28.

Mid-sized events, the Bearing conferences host manufacturer and distributor representatives from dozens of countries, in an atmosphere conducive to establishing and maintaining contacts throughout the industry. Relationships, ideas and information are built and exchanged in a structured but informal environment.

In addition, there will be a tour of the Prosino s.r.l. bearing ring factory on the 26th.

http://www.prosino.com

Continuing a process begun in 2005, a major focus of Bearing 2006 will be discussion and development efforts to establish a Bearing Industry Code of Conduct.

The Code of Conduct has already established some key principles, in particular focusing efforts to eradicate some of the bearing industry's most problematic practices:
* Counterfeit branding and packaging
* Re-badged or re-marked bearings
* Rings and packaging not marked with their true country of origin
* Ensuring all component modifications are clearly marked on rings and packaging
* Establishing penalties for breaches of the Code, enforced on a Worldwide proof basis(i.e. Offenders may face cancellation of Insurances for both Companies and Directors)

An example of a practice the Code of Conduct seeks to eliminate:
One particular eastern European bearing manufacturer ("A", in country "B") has threatened action against eBearing after we questioned their business practices. "A" is and presents itself as a bearing manufacturer, with design and engineering resources. However, for all high-volume ball bearings, "A" has long contracted with a bearing manufacturer in China for finished inners and outers, marked with "A"'s part number, company trademark, and country "B". The finished components are shipped from China, along with rolling elements, retainers and unmarked seals, to "A" in eastern Europe. "A" then simply assembles the components, performing no machining, grinding or secondary operations, and in fact rarely performing any quality control or inspection. These finished bearings are then wrapped, packaged and sold to OEM and replacement customers worldwide as bearings manufactured by "A" in country "B". With considerable effort -- and immense help from several of our key Asian contacts -- eBearing was able to track the finished components back to the source in China. The source freely admitted its role (and offered to produce for us, too, "any brand"). eBearing then contacted "A", presented the findings and asked the company to justify its presentation of the bearings as domestically manufactured. Since then, the company's President has alternated various threats with assertions that what "A" does is a, "common and accepted bearing industry practice around the world."

The majority of the days' programs will be, "the usual," presentations, meetings, networking opportunities, tours and social events.

At least 80 exhibitor display sites will be available, with Internet access, phone, power and lighting.

Full days of optional activities are scheduled for the 25th and 29th, the day before and following the formal conference.

Conference website links:

http://www.BearingConference.com

* Bearing conference contact information
* Registration and pricing information
* Printable registration form
* Online registration
* Third party booking agents across the world
* Information for exhibitors