Strategic Acquisition

RNS Number:0153A
Bartercard plc
20 March 2006

Bartercard plc

("Bartercard")

Strategic acquisition


Bartercard announced today the acquisition of 100% equity interest in D-ISC
Holdings Limited (D-ISC).

D-ISC has developed a proprietary software platform to administer the Intranets
of large corporations in conjunction with their own HR (Human Resources)
divisions. The objective is to enhance loyalty between the company and its
employees and customers. The result is a 'benefits alliance' with these two
distinct categories of consumer.

The preferential deals and offers on products and services that the D-ISC
platform delivers are orchestrated through an integrated communications strategy
with dedicated access web sites and telephone order and support lines.

D-ISC has already signed a contract to provide a "white label" customer and
staff loyalty programme for Cendant. Cendant is one of the foremost providers of
travel and real estate services in the world. It is one  of the world's largest
hotel franchisors, the world's largest vacation ownership organisation, one of
the world's largest car rental operators; and the world's largest real estate
brokerage franchisor. Cendant is also the world's largest provider of outsourced
corporate employee relocation services and a leading provider of travel
information processing services worldwide. The group's four market verticals
encompass the Cendant Travel Network including Octopus and e-Bookers, the
Vacation Rental Group and the Cendant Vehicle Rental Group including Avis. Its
employee and customer audience is calculated in the tens of millions.

Additionally, companies in the Bartercard network will be able to sell their
products and services to consumers and businesses through the D-ISC channel
thereby furthering market penetration. D-ISC will enable Bartercard to expand
its Business to Business activities via its growing list of international
corporate partnerships.

The 75,000 Bartercard members all have products and services to offer and the
acquisition of D-ISC gives them a new opportunity to extend their own customer 
bases without further marketing spend.

The consideration is expected to be #1.8 Million. The initial consideration is #
800,000 payable as to #400,000 in Ordinary Shares in Bartercard, being 2,000,000
Ordinary Shares at 20p and #400,000 of Trade Pounds, with an Earn Out
consideration based on performance of up to #1 million in Bartercard Shares
(maximum 5,000,000 Ordinary Sharers at 20p). All Ordinary Shares issued in
respect of the consideration (both initial and earn out) will be subject to a
"lock-in" for a period of six months.

Wayne Sharpe, Executive Chairman of Bartercard commented: "The business fit is
ideal and the opportunities for integration with D-ISC are numerous. I see this
as a value-added dimension for our members which will increase our appeal in the
expanding barter market where critical mass is vital. Our momentum in this
market-place will continue as we expand the benefits to our members, who in turn
see the attraction of a new and energetic consumer base."


                                                                   20 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
END

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