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Bartercard Charts Growth Course

NEWS RELEASE
10 December 2007

Bartercard Charts Growth Course

Leading trade exchange Bartercard New Zealand has outlined growth plans for the next seven years.

Describing Bartercard as a business tool that increases members' profits by bringing them new customers and improving their cash flow, Chief Operating Officer Paul Bolte says the company has committed itself to achieving 15 per cent growth each year over the next seven years.

At the end of the period that would see a total membership of around 15,000 and trading volumes of about half a billion dollars a year.

"These are ambitious targets that will certainly extend us," he said. "But we are convinced they are achievable."

Mr Bolte said development staff were working very hard to build membership and he believed current members would help by referring new people. It was in all their interests to have new businesses to trade with.

"If each of our 6,000 members was to introduce just one newcomer, it would be a big step towards our goal."

Earlier this year Bartercard announced total trading had passed the billion-dollar mark since Tony Falkenstein purchased the company in late 2001.

ENDS

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