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Bartercard announces Board appointment

01/02/2005

Bartercard announces Board appointment

Tony Falkenstein, Managing Director of Bartercard New Zealand Ltd., today announced the appointment of Michael Fann as a Non-Executive Director of the company.

Mr Fann is the General Manager of Just Water New Zealand, with strong ties to the Bartercard trade exchange system.

“Just Water has been a Bartercard member since 2001,” said Mr Falkenstein. “In his capacity as Just Water’s General Manager, Michael Fann has always developed the potential of increased Just Water business by utilising the Bartercard trading system. As a result, Just Water has doubled its business with Bartercard each year for the last three years.

“We are delighted to have Michael bring his firsthand experience with Bartercard to bear on the role of Non-Executive Director with the company.”

Just Water International Ltd, established in 1989, is the leading provider of drinking water to organisations in New Zealand. The Just Water Group comprises Just Water New Zealand, Cool Water, Corporate Water Brands and Aqua-Cool.

Bartercard New Zealand, owned by the Red Eagle Corporation, is a trade exchange system offering New Zealand businesses the opportunity to exchange goods and services without the need for cash. The New Zealand company is part of the largest and fastest-growing barter network in the world. Operational in 16 countries, Bartercard’s 45,000 international members turn over more than $1 billion in cashless transactions per annum.

[ends]


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