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10/15/2013

BizXchange Opens Dubai International Headquarters

BizX Trading, the international division of U.S. based BizXchange, was officially launched in Dubai marking the company�s first foray into the Middle East region. Since its founding in 2002 with 100 members, BizXchange now has approximately 1100 members trading over $2.6 million each month. 

Plans are to develop the overseas operation to become the company�s international barter hub. With offices in Seattle and San Francisco and affiliates in Singapore, Turkey, Malaysia, the United Kingdom and Australia, BizX aims to create an international barter market in Dubai to benefit its business partners around the world.

�The Middle East region is very familiar with barter and the practice is still very prevalent today on an immense scale,� reported Bob Bagga, CEO of BizX.

�From the outset, our business model was based on a concept of creating a multilateral barter trade market where companies can exchange products and services without having to dig into their cash reserves,� he continued. �The philosophy has generated $150 million in barter since 2004 and has saved our business partners $20 million in 2006 alone.

�In the Middle East we will focus our efforts on developing partnerships with companies involved in real estate, media, travel and hospitality, printing and any other business that has excess inventory or capacity.�

�Our expertise and barter exchange platform will help our business partners turn any unutilized capacity or excess inventory from dead weight into budgeted cash expenditures.�

In 2006, BizXchange was named to the Fastest Growing Companies� list in both Washington and the San Francisco Bay Area. It also has been honored with the U.S. Chamber of Commerce�s Blue Ribbon Business Award in recognition of the company�s dedication to excellence in several categories, and is only one of two barter companies in the world to be certified by the International Reciprocal Trade Association (IRTA).

Driven by their company�s core values to �do the right thing, be creative and innovative, exceed expectations and have fun,� the firm strives to serve, improve and grow its members� businesses and make a difference in its community. BizXchange places high value on recruiting and promoting staff from within, and takes time to foster a culture of fun and interaction among employees.