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VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 23, 1999-- (OTCBB:MEIX) -- The world's largest and fastest growing trade exchange, Australian-born Bartercard, recently announced record trade figures for the 1999 calendar year. "In early December Bartercard passed the $2 billion mark and (in the process) established a world record for trade volume," said founder and Chief Executive Officer, Wayne Sharpe. Bartercard reported a global trade volume figure of $610 million for the 1999 calendar year. "This has capped off a significant year for the company and is further evidence of our tremendous growth and success since we began just nine years ago. "In November Bartercard Ltd -- the Australian arm of the multinational company -- recorded in excess of 56,000 trades between members. On one day alone Australian members traded $6.6 million worth of goods and services. "Globally we managed to sign up 750 members a month and will be pushing for 10,000 members in 2000," said Sharpe. The opening of two new offices in Malaysia and Lebanon saw over 200 new members join Bartercard's growing membership list in just the first month of operation. "Across the Tasman, New Zealand has been showing extraordinary growth with 155 new members joining in November and a total of $130 million was traded throughout 1999 -- an excellent result considering there are only 3,000 members. "Meanwhile in the UK we doubled trade volume to just under $40 million," he added, "and with spectacular growth in our new operations in Malaysia and Lebanon a sign that the trend is set to continue in 2000 and beyond." Bartercard operates in over 50 offices in 9 countries and employees over 600 staff servicing over 30,000 businesses (members) in trading goods and services without cash. --30--CER/se* CONTACT: Bartercard International Wayne Sharpe, (07) 95561 9111 www.bartercard.com or Bartercard Canada Michael Caron, 416/490-9599 or Mutual Exchange International Darlene Gomes, 604/685-8750 Fax: 604/681-2658 | ||||||||||||
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