Public Relations Company

 
Public Relations Company  
 
MEDIA RELEASE 09 September 2008

BBX Money offers property loans 30 per cent interest free
Trade exchange BBX is offering investors competitive property loans through their lending division, BBX Money, with 30 per cent of the loan interest free.

The offer is available to business owners when they purchase a property listed through BBX Real Estate (www.bbxrealestate.com.au) and sign up to the BBX trading program. Members are able to generate BBX dollars by trading goods and services through the BBX trading network.

As well as saving money from lower interest fees, repayments on the interest-free portion of the loan can be paid using these BBX dollars, saving customers substantial amounts of cash and interest payments.

BBX Money operates in a similar way to a finance broker, shopping around in order to get customers the best loan at the best rate. The 30 per cent interest free portion of the loan is funded by BBX Money with the remaining portion contributed by a lending institution.

"BBX is about helping businesses grow and we want to offer our members a complete business success package, said BBX managing director, Michael Touma. "Now more than ever it is imperative for businesses to think outside the square to remain profitable.

"We set up BBX Money to help BBX members grow their businesses. Members are able to pay part of their loan with the BBX dollars they earn through their business and by paying less interest they save thousands. What this means is they save cash, an important commodity in these tough economic times, added Touma.

BBX Money is part of a range of value added services offered by BBX. Other services include BBX Insurance, BBX Real Estate, BBX Financial Advisors and the BBX Property Investment Fund.

BBX is a membership based trading program whose primary role is to generate new opportunities for all types of businesses and to show business owners how to offset many current cash expenses by utilising the down time and idle inventory in their business.

The trade exchange uses BBX dollars, a currency unit having equivalent value to 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 market where thousands of transactions take place on a cashless basis.

BBX Holdings Limited listed on the ASX in August 2005, becoming the only exchange in the world to be publicly listed on a main board.

BBX has offices throughout Australia and operates in New Zealand through a master franchise. Through their BBX accounts, member businesses in these countries traded in excess of $192 million in the financial year ending 30 June 2008, averaging over $33,000 per member.

BBX has recently expanded to Costa Rica, India and China through master franchise arrangements and further international expansion is being pursued.

BBX Money can be contacted by phoning 1800 200 229 or visiting www.bbxmoney.com.

BBX can be contacted by phoning 1800 222 229 or visiting www.ebbx.com.

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

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