EATTLE (August 24, 2010) – For the fourth year in row, BizXchange has been named an Inc. 5000 company, a listing of the fastest growing private companies in the United States. This year the business-to-business trade exchange is listed at number 1,093, a jump of over 2,000 spots from the company’s listing in 2009.
By providing companies with the BizX dollar, an alternate form of currency, BizXchange helps businesses generate new sales and allows them to offset expenses by using BizX dollars rather than cash.
“The tough economic climate has made business owners look for creative ways to increase their sales and cash flow,” Bob Bagga, BizXchange CEO said. “Our growth over the last year is testimony to the valuable resource we provide companies and we are honored to be recognized for our commitment to the business community. The success of BizXchange is made possible by our team members, clients and partners around the world.”
With over 2,000 members worldwide, BizXchange has conducted over $300 Million in trade transactions since its inception in 2002. In the last three years the company has had a growth rate of 274 percent.
The Inc. 5000 is an extension of Inc. magazine’s annual Inc. 500 list, a comprehensive listing of the fastest growing companies in America. The list includes companies from the business service industry to IT and internet consulting to retail sales, among many other industries. The 2010 Inc. 5000 list measures revenue growth from 2006 to 2009.
In order to provide more companies the opportunity to increase their business efficiency through organized trade, BizXchange’s future plans include increasing the company’s presence in current markets and opening new offices in key domestic and international markets.
A hearty congrats to BizXchange!