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06/17/2008

Bartercard New Service Moves Toward Total Business Solution

Australia’s largest barter trade exchange—Bartercard Australia—has added a new service that should excite its 23,000 members nationwide. The new Members Plus Money program is a strategic partnership with Wilson National, a leading Australian wholesale finance specialist (www.wilsonnational.com.au). It will enable members an opportunity to secure needed financing cash for equipment rental, home loans, commercial loans, leasing, and personal loans.

This initiative is the latest in a series of member benefits introduced since the Australian management buy-out of Bartercard Australia in August 2007, when the new owners pledged to take the organization in a new direction.

The leading product of Members Plus Money is Express Rental Plus, according to the company. Andrew Barter, Bartercard Australia’s National Development Manager, asserted, “Express Rental Plus gives our members access to A$35,000 cash so they can purchase business equipment such as computers, furniture or specialized machinery. It is the perfect addition to our members accounts.”

Bartercard Australia was bought from Bartercard International in a management buy-out in August 2007. It is now 99.5% Australian owned, with almost three-quarters of its share base in the hands of Managing Director Trevor Dietz, Chairman Murray d’Almeida, and Executive Director of Sales/Marketing and co-founder Brian Hall. The remainder is held by an Australian private equity consortium.

For more information visit www.bartercard.com.au/membersplus.


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