Barter Business Opens in Colorado Springs
Tradebank of Colorado Springs offers businesses new ways of saving cash and promoting business
Colorado Springs, CO (January 27, 2010) Tradebank of Colorado Springs, a new franchise of Tradebank International Inc. (Tradebank), is now open for business. Regional owners Ross Porter and John Lynch have already begun educating local businesses on how to barter for products and services they would otherwise pay cash for. This announcement was made by Todd Gerry, President of Franchising for Tradebank International Franchising Corporation.
Hundreds of business owners and professionals are currently members of neighboring Tradebank of Denver, owned by Porter and his wife Jennifer since purchasing the existing territory in May 2009. They have seen tremendous growth in the last year—with a large boost in new accounts and a 150 percent increase in trade volume. “Businesses throughout the Tradebank network are enjoying the benefits of barter,” said Porter. “Barter can help reduce overhead, improve cash flow and increase cash profit. In any economy, barter is a win-win solution.”
Tradebank, overall, has experienced a 57% increase in new account sales last year and has seen volume go up by 11 percent. 2009 brought in more than T$40 million in trade transactions.
Prior to becoming regional owners of Tradebank, Porter and Lynch were both clients of Tradebank. Porter had been an active member of Tradebank for 15 years by bartering the meals at a restaurant he owned in the Atlanta, Ga., area. He now lives in Denver. Lynch bartered advertising opportunities with Tradebank as owner of Uview Media, a provider of “out of home” advertising. Since 1992 he has operated the company with his wife, Tiffany, a graphic designer. Lynch brings years of sales experience and a contact base of more than 200 restaurants and another 200 local business contacts to help build clientele in the Colorado Springs area. He now lives in Aurora.
“We will have a strong management presence in Colorado Springs on a regular basis,” stated Lynch who believes that is a key differentiator among competitors. “I’m excited to help other businesses the way Tradebank has helped my business grow over the past 14 years. Barter has helped reduce cash expenses, making a real difference in meeting our financial obligations,” he continued. “We’re focused on growing barter in Colorado Springs and building synergy with businesses in Denver and the thousands of other members in our network.”
“We are pleased to open business in such a great community as Colorado Springs,” stated Gerry. “Ross and John are coming into a great situation because along with an existing client base in nearby Denver, they bring a tremendous amount of barter and sales experience to the table.” Businesses can contact Tradebank of Colorado Springs by visiting https://ColoradoSprings.Tradebank.com
More About Tradebank
Tradebank International Inc. (Tradebank) is a privately held international trade exchange founded in 1987. Headquartered in Lawrenceville, Ga., Tradebank operates in more than 70 regions within 14 states in the U.S., Canada, Czech Republic and Slovak Republic. More than 11,000 Tradebank clients barter their products and services. Tradebank earned the Consumers’ Choice Award for 2009 in the “Barter and Trade Exchange” category and received the 10 Year Gold Award in 2009 for earning the award ten times. Tradebank International Franchising Corporation is the entity that was formed for franchising the Tradebank International Inc. concept.
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