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BizXchange Listed With 100 Fastest-Growing Private Companies
Puget Sound Business Journal recognizes barter exchange for outstanding growth
SEATTLE, WA - October 20, 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.
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