Seattle, WA (PRWEB) October 27, 2006
BizXchange, a Seattle based trade exchange, was recognized by the Puget Sound Business Journal as one of Washington's 100 Fastest Growing Private Companies for 2006. BizXchange received the award at a banquet held on Thursday, October 19, at the Washington State Convention Center. Businesses are given the award, and ranked, based on net operating revenue growth for the previous three years.
BizXchange actualized a 79.8% increase in revenue and a 44% increase in the number of employees between the years of 2003-2005. More important to BizXchange, however, is the fact that their customers were able to save nearly $30 million in cash by using its services during this period. The growth of the company is largely attributed to the attitude of its employees and the business community's acceptance of using barter as a way to improve their bottom line.
BizXchange views this award as evidence of their commitment to dramatically grow their client base throughout the Seattle business community. "The fact that we are growing at this kind of rate shows how important barter is for businesses in today's economy," says BizXchange President Bob Bagga.
BizXchange is a business-to-business trade exchange which facilitates the purchase and sales of products and services between exchange members using the BizX dollar (equivalent to the U.S. dollar) as the unit of currency. BizXchange members who buy and sell regularly through the exchange are able to generate new sales, increase market share, improve cash flow and greatly benefit their bottom line. BizXchange receives a cash commission of each BizX dollar that is transacted.
BizXchange was formed in January 2002 and has since facilitated nearly $100 million in barter transactions. BizXchange currently has over 1,100 members with offices in Seattle, Washington and Oakland, California and is currently operating the strongest barter currency in the United States. BizXchange is one of only two IRTA certified trade exchanges in the world.
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