Public Relations Company

 
Public Relations Company  
 
MEDIA RELEASE 07 April 2008

New Western Australian franchisee for BBX
Doug Crockett has become the Western Australian franchisee for reciprocal trade exchange BBX.

The office is located in Osborne Park and also includes BBX Realty WA, as the organisation is very active in the property market and offers purchasers the opportunity of purchasing real estate with a 30 per cent interest free home or business loan, using BBX dollars.

The trade exchange uses its own currency (BBX dollars), which has the same value as Australian currency, to assign value to the transactions that take place between member businesses. In essence, the exchange acts as the third party record keeper, similar to a bank, and provides a sophisticated bartering market where thousands of transactions take place.

Doug Crockett originally joined BBX on the Gold Coast in 2001 and worked his way up through the organisation before he relocated to Perth, with his family, as State Manager in 2004.

BBX successfully listed on the ASX in August 2005 to become the only publicly listed barter exchange managers in the world to be listed on a main board. It is a membership based trading program whose primary role is to generate new business for all types of businesses and to show business owners how to offset many current cash expenses by utilising the down time or idle inventory in their business.

The company also offers a broader range of financial services in areas such as mortgage broking via BBX Money, including leasing, business finance and general loans in both cash and trade dollars, financial planning through their latest initiative, BBX Financial Advisers, insurance services through BBX Insurance, mainly offering 'Business Packs', and property services through BBX Real Estate and its NSX-listed BBX Property Investment Fund (www.bbxpropertyfund.com.au).

BBX has offices and/or franchises situated throughout Australia and operates in both islands of New Zealand. Member businesses in these two countries traded in excess of $188 million in the financial year ending 30 June 200, averaging over $33,000 per active member business.

Franchises have also been established in Costa Rica, India and China, with other international franchises currently being negotiated.

BBX WA can be contacted by phoning 08 9202 3814 or by visiting the website www.ebbx.com.

Released for BBX by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Dennis Rutzou or Nicola Rutzou on (02) 9413 4244.

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