BizXchange has been named to the Puget Sound Business Journal’s list of Washington’s 100 Fastest-Growing Private Companies. This year the business-to-business barter exchange network is listed at number 13 on the list. This marks the fourth of six consecutive years BizXchange has been named to this list.
BizXchange operates a private business-to-business barter currency, the BizX dollar, which allows companies to buy and sell from each other without using cash. With over 2,000 members worldwide, BizXchange has conducted over $300 Million in cashless transactions since its inception in 2002.
“Our growth over the last couple years is testimony to the valuable resource we provide companies and we feel very fortunate for our success and our ability to help businesses thrive despite the economic downturn,” Bob Bagga, BizXchange CEO said. “We couldn’t have done it without our team members, clients and partners around the world who have been integral to our success.”
To be considered for the list, companies must submit to the PSBJ their revenue figures for the past three years. The 100 companies with the highest percentage of revenue growth from 2007 to 2009 are honored on the list. BizXchange’s revenue increased nearly 225 percent from 2007 to 2009 and grew 92 percent in the last year alone.
BizXchange helps businesses generate new sales and allows them to save cash on expenses by using the BizX dollar rather than cash. In order to provide more companies the opportunity to increase their business efficiency with an organized barter currency, BizXchange’s future plans include increasing the company’s presence in current markets and expanding to new domestic and international markets.
Read more: http://www.kansascity.com/2010/10/14/2314934/bizxchange-named-to-puget-sound.html#ixzz12j5XDHBZ
