Public Relations Company

 
Public Relations Company  
 
MEDIA RELEASE 7 December 2004

BBX extends investment opportunity
BBX Holdings Limited (“BBX”) has today announced the extension of its initial public offering of 16 million shares, at 50 cents a share. The offer will now close on 22 December 2004.

Managing Director of BBX, Michael Touma, said: “the extended offer period will accommodate the considerable interest BBX is experiencing from investors and extend the time available for Computershare to process applications, including those being lodged by BBX members.

The offer, which commenced on 24 November 2004, will see BBX become the first publicly listed trade exchange in Australian share market history.

BBX members who subscribe for shares payable in Cash will be invited to subscribe for the same or a lesser number of shares using BBX Trade dollars for payment.

The raising will allow BBX to expand the existing branch and franchise network, develop a larger sales force and embark on a concerted sales and marketing program.

Barter is much more sophisticated compared to its original form, with a trade exchange using Trade dollars to assign value to the transactions that take place between members of the exchange. Australian businesses transact over $600 million each year through Australia’s trade exchange industry.

Today BBX has 4,350 Australian and New Zealand member businesses, with offices and/or franchises situated throughout NSW, Queensland, Victoria, Adelaide and Western Australia, as well as the North and South Islands of New Zealand. The Company, and its franchises, currently employs approximately 70 staff and consultants.

The offer of the securities in BBX Holdings Limited is made in a Prospectus. Anyone wishing to acquire the securities will need to complete the application form that accompanies the Prospectus.

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Released for BBX by Dennis Rutzou Public Relations.
For further information contact David Lizzio
or Kristen Mackie on (02) 9413 4244
 



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