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BarterCardUSA Strikes Strategic Alliance With Federal Chamber of Commerce 4/15/03
LOS ANGELES, Apr 15, 2003 (BUSINESS WIRE) --
Bentley Communications Corporation (OTCBB: BTLY) is pleased to announce today that BartercardUSA (www.bartercardusa.com) has entered into an agreement with the Federal Chamber of Commerce (www.federalchamber.org) to bilaterally offer business services to its membership bases.
The Federal Chamber of Commerce (FCOC) provides the strongest benefits and programs available to the business community and is a clearinghouse for American businesses to come together to create, produce and distribute the products, services, and ideas that have made America the strongest, greatest nation in the world. The FCOC provides services to tens of thousands of members who receive affordable health benefits, group rate discounts for communications services, legal benefits and travel &entertainment savings. The Federal Chamber of Commerce continues to leverage the Internet with web accessible self-service applications, delivering employer and employee news, and providing guidance to help companies meet the challenges of today's dynamic world business climate. 'This strategic alliance is very exciting because it offers our Chamber members an opportunity to engage in business with each other in a meaningful and cost effective manner. What's good for our members is good for the Chamber,'says Arnie Katz, Chairman FCOC.
BartercardUSA holds the American licensing rights for Bartercard International, which is the world's largest trade and barter company with franchises in 14 countries. Currently, the parent company is facilitating more than 1.2 billion dollars worth of trade each year and over 50 million dollars in earnings in 2002. BartercardUSA was launched in April 2002 and currently has 18 offices and more than 2,000 member businesses with projected growth to over 20,000 by '05.
The effect of this strategic alliance is twofold. BartercardUSA will build its trade platform wider and stronger in the US market and may become the dominant trade organization in the United States as well as the world trading community. These additional trade members will produce significant revenue streams for the company and accelerate BartercardUSA's ability to meet and exceed its business plan. This should add fundamental value to the shareholders equity in Bentley Corporation and add to the growth of the company and stock value.
'The synergy of this deal is phenomenal for BartercardUSA and for the Federal Chamber of Commerce,'says Mark Savoy, CEO of BartercardUSA. 'We have a robust trading system in place and can accommodate great numbers of new member that the FCOC is bringing us. Furthermore, the FCOC truly provides valuable services to its members that our organization will be able to benefit from. This deal is a true win/win!'
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