Early property sales success

RNS Number:8783Z
Bartercard plc
16 March 2006


Bartercard plc
("Bartercard")


Bartercard Real Estate Beats Targets for Opening Month's Sales


In its first month of operation, Bartercard Real Estate ("BCRE"), Bartercard's
wholly-owned UK real estate subsidiary, has achieved sales figures of 35
properties, which is substantially ahead of early internal target forecasts.

To support these sales Bartercard members have used, on average, 30% of the
total purchase value in Trade Pounds as the deposit on these purchases, i.e.
saved this in cash.

Since launch, BCRE has also signed a number of agreements with leading property
investment agents representing major property developers throughout the UK to
gain access to large stocks of properties, for resale to Bartercard members.

Wayne Sharpe, Executive Chairman of Bartercard today said: "As a direct result
of these property sales, Bartercard trade exchange members have benefited by the
use of trade pounds to purchase a cash appreciating investment without the use
of cash deposits.

"We are delighted with the initial uptake and success of BCRE's offering. With a
strong pipeline of interested investors we are confident that the model will
grow exponentially in the coming months".

                                                                   16 March 2006



Enquiries:

 Bartercard plc
 Wayne Sharpe, Executive Chairman                                 07909 975488

 College Hill                                                    020 7457 2020 
 Richard Pearson
 Roddy Watt




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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