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Aussie Group Acquires Global Barter Giant

Bartercard Australia (controlled by Brian Hall, Trevor Dietz and Tony Wiese) has acquired the entire 60% stake of the majority shareholder of Bartercard Ltd. (UK), the international licensor of the Bartercard business-to-business trade exchange and global cashless payment system. Bartercard has been operating for over 21 years in Australia and has 55,000 international business members trading in six countries over $1 billion a year.

Founded in 1991 (by Wayne Sharpe, Brian Hall and Andrew Federowsky) Wayne Sharpe now steps down from the role of Executive Chairman and CEO of the Bartercard Group of companies after selling his majority stake.

The Bartercard Australia team plans to continue investing in transactional-based technology, thus making it easier and more convenient for business members to barter trade. Hall affirmed, �We also hope to ignite the international expansion program into other countries to create more travel and import/export opportunities for members worldwide. We are looking forward to the challenge ahead that is to make Bartercard as well known to business owners as Visa and MasterCard, by becoming the non-cash global trading currency of the world!�

Although started in Australia, the parent company moved to the UK over a decade ago when Sharpe relocated to London. Bartercard Europe headquarters will continue to be led by UK CEO Simon Barker, and the new majority owners have major plans for expansion via their core franchising/licensing model into the UK and European markets.

Bringing the ultimate ownership �back home� will help deliver a bright new future for Bartercard globally according to outgoing CEO Wayne Sharpe. �Australians have played a huge role in Bartercard�s global expansion,� he explained. �It�s with great pride I look back on the past 21 years, and I have no doubt that the new ownership will invigorate growth.�

Bartercard Australia will announce a series of new restructuring roles internally in coming weeks and its entire executive management team is excited about the future and the significant opportunities this change brings to the company.

Wayne Sharpe, who led Bartercard since its inception and humble beginnings on Australia�s Gold Coast, will now concentrate all of his efforts in development of his new Sydney-based carbon-trading company, Carbon Trade Exchange. (Australia is scheduled to enact a carbon tax in July, 2012.)

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