Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

XO Limited today announced the sale of the NZ

AUCKLAND, 18th October 2005.

XO Limited today announced the sale of the New Zealand franchise for the Ozone Barter Exchange - the fastest-growing business trade-exchange in New Zealand.

The local franchise has been successfully purchased by two Auckland-based entrepreneurs, Josh Webb and Seeby Woodhouse, who plan to take Ozone to the 'next level', in terms of membership numbers, trade volume and public awareness - where they say it belongs.

The Ozone Barter Exchange is a network of businesses throughout the country that trade goods and services between one-another in the 'closed currency' of Trade Dollars, which is used to pay for various items that they would otherwise have paid cash for. This gives members the benefits of:

- Reduced cash costs
- Clearance of surplus products & inventory
- Increased turnover
- Free marketing
- Interest free financing
- Enhanced lifestyle opportunities

Barter-trade has been around for a long time, but is clearly growing exponentially worldwide at present, with recent statistics from the US indicating the total barter trade turnover will increase by more than 33% in 2005.

New Zealand is no exception and in many ways is now ahead of the rest of the world, particularly since the software system used to operate 'Ozone' is the most advanced available anywhere, and the culmination of 5 years of intensive development.

Prior to the recent sale, Ozone had been administered as a subsidiary of 'XO Software Limited', an innovative New Zealand based software-company, and the brains behind the software that powers the exchange.

Now with new ownership comes a dedicated management team who plan to ensure the ongoing growth and success of Ozone.

Over the coming weeks the Ozone Barter Exchange will be restructured in numerous ways - all adding up to better, more efficient service for its clients without affecting the way they already trade. Ozone has also experienced such rapid growth recently, with approximately 50 new members joining every week at present, that additional account managers are also being recruited.

Another bonus for Ozone customers in New Zealand is the recent opening of an Australian Ozone franchise, where 1500 customers have also started trading, and the two exchanges can now do business between one another as though they were one and the same.

Members will also be able to make reciprocal trades with other exchanges internationally, meaning that international barter (and therefore international business development) is a distinct possibility for some to look forward to.

All things considered, it seems Ozone Barter Exchange has found the right recipe for a very bright future indeed. For further general information about the Ozone Barter Exchange, visit: http://www.ozone.net.nz or call 0800 4 OZONE.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>