Sale of Syria licence

RNS Number:5457D
Bartercard plc
25 May 2006

Bartercard PLC

("Bartercard" or "the Company")

Sale of Syria licence

Bartercard has sold the licence for Syria. The licence was sold for US$450,000
cash to Mamoun Mahrat, the holder of the licence for Jordan. He and his family
have extensive business interests and experience throughout the middle east

Bartercard already has licences operating in the UAE, Lebanon, Qatar, Egypt,
Jordan, and Kuwait as well as Cyprus and Turkey, nearby. Last week Bartercard
announced the sale of the Saudi Arabian licence.

In addition to the initial licence fee, Bartercard PLC receives between 6% and
8% of trading transaction fees from all international licencees.

Wayne Sharpe, Chairman of Bartercard, commented:

"I am delighted that the owner of the Jordanian licence has enjoyed such success
there that he has bought the licence to Syria. Our growing network of offices in
the middle east is likely to produce substantially more international trade in
coming years, on which Bartercard generates revenue over and above its service
licence fees."

                                                                    25 May 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

MSCDZLFLQEBXBBB

Bartercard (LSE:BRTR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024