MEDIA RELEASE 07 April 2008
Gold Coast man is New Western Australian franchisee for BBX
Doug Crockett has just become the Western Australian franchisee for reciprocal
trade exchange BBX, originally started with the organisation on the Gold Coast.
He joined BBX in 2001 working as an Account Manager in their Southport office.
He has worked his way through the ranks of the organisation and relocated with
his family to Perth as State Manager in 2004.
The WA 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.
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
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 2007, 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
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