Bartercard Announces Record Trade Figures.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Dec. 23, 1999-- (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MEIX) The world's largest and fastest growing trade exchange, Australian-born Bartercard Bartercard is the world's largest barter trading exchange. Bartercard enables member businesses to exchange goods and services with other member businesses without using cash or cash equivalents, or having to engage in the direct two-way swap of goods and/or services. , recently announced record trade figures for the 1999 calendar year. "In early December Bartercard passed the $2 billion mark and (in the process) established a world record for trade volume," said founder and Chief Executive Officer, Wayne Sharpe. Bartercard reported a global trade volume figure of $610 million for the 1999 calendar year. "This has capped off a significant year for the company and is further evidence of our tremendous growth and success since we began just nine years ago. "In November Bartercard Ltd -- the Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. arm of the multinational company -- recorded in excess of 56,000 trades between members. On one day alone Australian members traded $6.6 million worth of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . "Globally we managed to sign up 750 members a month and will be pushing for 10,000 members in 2000," said Sharpe. The opening of two new offices in Malaysia and Lebanon saw over 200 new members join Bartercard's growing membership list in just the first month of operation. "Across the Tasman, New Zealand Tasman District is a region of New Zealand. It borders with the West Coast Region, Marlborough Region and the Nelson Region. It is both a region and a unitary authority, and the regional council sits at Richmond. has been showing extraordinary growth with 155 new members joining in November and a total of $130 million was traded throughout 1999 -- an excellent result considering there are only 3,000 members. "Meanwhile in the UK we doubled trade volume to just under $40 million," he added, "and with spectacular growth in our new operations in Malaysia and Lebanon a sign that the trend is set to continue in 2000 and beyond." Bartercard operates in over 50 offices in 9 countries and employees over 600 staff servicing over 30,000 businesses (members) in trading goods and services without cash. |
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