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BBX China�s CEO Visits Australia For Training

Mr. Wang Lei, the CEO of BBX China, an international franchise of ASX-listed BBX Holdings, recently visited Sydney with senior managers of his team for training and mapping out their future strategy of continued expansion.

BBX China was formed in September 2006, when the China Federation of Logistics and Purchasing Barter Trade Committee entered into a master franchise agreement with BBX International�a wholly owned subsidiary of BBX Holdings Ltd., which will have 20% equity in BBX China.

Lei said that the visit to Australia has been a vital step in BBX China�s ongoing development. �Our visit to Sydney has helped us to better understand the BBX operating system and commercial model, which we are now focusing on modifying and developing according to Chinese conditions and the requirements of our markets,� he explained.

�We�re in the process of organising a training program, to help businesses in China better understand (our) commercial model and learn about the benefits of transferring to BBX,� Wang said.

China is BBX Holdings� third international operation. Franchises are already established in New Zealand and India, while others are currently being negotiated with some in the advanced stages, affirmed BBX Managing Director Michael Touma.

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 $146 million in the financial year ending June 30, 2006, averaging over $33,000 per active member business.

For more information on BBX see