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Bartercard Happenings

  • In its first month of operation, Bartercard Real Estate (Bartercard�s wholly-owned UK subsidiary) has achieved sales of 35 properties, substantially ahead of early internal target forecasts. Bartercard members have deposited, on average, 30% of the total purchase price in trade pounds.
     
  • Franchise sales by Bartercard over the past six months include Australia�s five sales totaling A$1.6 million and UK deals valued at 524,000 pounds. In Australia, Bartercard now has 60 offices, 55 of which are independent franchisees. The UK operation has 15 offices with 10 owned as franchisees, and  the potential for 150 franchisees according to management.
     
  • Bartercard has acquired total equity interest in D-ISC Holdings, which developed a proprietary software-platform administering to the HR intranets of large corporations. The objective is to enhance loyalty between a company and its employees and customers.

D-ISC has a contract to provide customer and staff loyalty programs for Cendent, one of the world�s foremost providers of travel and real estate services in the world. Additionally, companies within the Bartercard network will be able to sell their products and services through the D-ISC channel, enabling Bartercard to expand its business-to-business activities through its list of international corporate partnerships. For further details on this strategic acquisition see www.bartercard.com.

Bartercard has reached an agreement with Texaco UK, enabling its members to purchase fuel at a discount from all 1,485 Texaco outlets, with a fixed buying price for the week ahead. Bartercard Executive Chairman Wayne Sharpe was delighted that the buying power for their UK membership is proceeding as planned.


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