Especially in economic times like these, businesses are looking for ways to generate new sales, expand their market share and save cash on business expenses
Seattle, WA (PRWEB) August 21, 2008
For the second year in a row, BizXchange, a commercial barter exchange with offices in the San Francisco Bay Area, Seattle, Washington and Dubai, UAE has been honored as one of the Inc. 5000, a list of the fastest-growing private companies in the United States. The Inc. 5000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
BizXchange is a barter consulting firm that helps businesses with downtime or slow-moving inventory attract new customers and achieve higher profits. BizXchange was formed in January 2002 and has since facilitated over $150 million in cashless barter transactions. BizXchange currently has over 1,500 members and operates one of the strongest barter currencies in the United States. The company also offers international corporate trade services through an office in Dubai, United Arab Emirates.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies are to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
BizX views their Inc. 5000 award as evidence of their commitment to their purpose "to serve, improve and grow business." "Especially in economic times like these, businesses are looking for ways to generate new sales, expand their market share and save cash on business expenses," says Bob Bagga, CEO at BizXchange. "When a company is not running at 100% capacity, they are losing money. BizX is here to help monetize that excess capacity through trade and use it to offset budgeted cash expenses. We are honored that this commitment to our customers has helped us to succeed and once again be featured on the Inc. 5000 list."
BizXchange constantly strives to be an innovator in the barter industry, providing new services and helping members to do even more business through organized trade. BizXchange's future plans include increasing their presence in current markets and opening new offices in key domestic and international markets.
Headquartered in Seattle with offices in the Bay Area and Dubai, BizXchange (BizX) is a business-to-business trade exchange formed in January 2002. Since then it has facilitated over $150 million in barter transactions. With an original membership of 100 in 2002, BizX now has over 1,500 members trading over $30 million in goods and services annually. Driven by their company core values to "do the right thing, be creative and innovative, exceed expectations and have fun," the company 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 the organization, and takes time to foster a culture of fun and interaction among employees.