Bangkok--May 26--Bartercard (Thailand)
Years of planning came to fruition for Bartercard International on Monday 25 April 2005, when Universal Direct (UDI) shareholders voted in favour of the reverse takeover of Bartercard and the change of name to Bartercard PLC.
Bartercard, the World’s largest Trade Exchange, is now a Public Company on the London AIM Market, enabling the general public and everybody connected with the global organisation (staff, licensees, franchisees and Members) to trade in the stock.
Achieving the public listing marks an exciting new chapter for Bartercard, following 14 years of consistent growth and expansion from a small Australian business to an award winning worldwide operation.
The announcement was made in Bangkok on Saturday 21 May by Mr Graham Brain, Managing Director, of Bartercard Thailand at the Conrad Hotel in conjunction with a Bartercard Trade Exhibition held the same day.
Bartercard Thailand has been operating for seven (7) years with over 1,800 active customers trading upwards of 700m Baht annually through their seven brokerages. Mr Brain stated that future growth would continue at current rates of over 30 percent via new franchised brokerages throughout the country.
Bartercard facts
Establish in 1991 (with Thailand starting in 1998)
Bartercard is a business to business trade exchange which acts as a facilitator and market-place for barter transactions. It has since grown to become the world’s number one Trade Exchange, internationally recognised as an innovative leader of systems, training and marketing in the barter trade exchange industry.
Bartercard is the largest barter business of its type in the world
Operates from 130 offices in 16 countries on four continents (Europe, Asia, Australia, Middle East and North America)
Bartercard operates as a service to its members who are mostly small and medium-sized businesses and range up to multinationals
Currently 100,000 active clients trading over A$2 billion worldwide
Members of Bartercard can; generate additional sales, conserve cash, expand market share and improve liquidity by using the trade funds earned to offset cash expenses.
Members have access to an interest-free line of credit
For further information, please contact:
Bartercard Thailand Co. Ltd
K.Phannarath Mathong
02 237 3666 ext. 707 or 01 854 6839
Click for photo release at www.thaipr.net End.