BPS has future developments
- 1. BPS have hada strongFY15 and achievedseveralmilestonesintheirfirstyearasa listedpublic company. Some of these achievementsinclude future developments,prospects,andbusiness strategiessuchasadoptingthe Trade Exchange Software Services TESSplatformasitsinterchange software offeringthe abilityfordifferentTrade Exchangestotrade betweenthemselves. International Reciprocal Trade Association’sIRTA will now marketthe TESSplatformasits preferred technologyprovidertothe industry. BUCQIiscurrentlybeingimplementedinregional selected centresinAustralia. 2015 wasa substantial yearforBPSdue to the fact of furtherentryintoforeign marketssuchas ChinaandJohannesburg. The late DecemberagreementinChina waspromisingfor yearendespeciallywithChristmasand New Yearprospects.Noprofitswere recognizedfromthe first half yearin China;howeverthe firsteightweeksof operationswerequite pleasingtoBPSin Johannesburg.Theyhadsigneduptwelve new strategicbusinessmembersinjusttwomonthssince commencement. The company hasimplementedsome greatbusinesspracticesandmodelsforincreasingmarket share and capitalization.Theyhave onlybeenpubliclylistedforjustoverayear now and have managedto increase reputationandattractiveness. Since listing,theyhave enteredintoanumberof strategicagreementsthatare setto furtherfuel the growthof BPS.Theyhave over54,000 current Bartercard holdersglobally. BPShasthe technology and personnel inplace tocapitaliseonthe growingtrendsevidentinthe marketplace.Theyare increasingimportance of loyaltyprogramstogenerate new businessformerchants,the strong acquisitionof cloudbasedsystemsandmobile devices,aswell asglobalizationinthe consumer market. Indiahas alsobeena recipientof Bartercardsoffers.BPSmade leewaywithitsexclusivetrade exchange technologyTESSduring2015. The pre-existingagreementwithIndiahadseenaretail trade exchange commence operationsinApril 2015 withthe new systemimplemented.Since the successof the operationthere hasbeenmassdemandforthe patentandcopyrightlicense usage. Americaas a more mature and developedmarkethasalsobeenakeyspokesmaninthisventure of BPS, as theyhave been endorsedby the global trade exchange industrybody,IRTA,forbeingthe numberone tradingplatformexchange software recommendation. BPS’subsidiarybucqi formedastrategicpartnershipwiththe RSPCA Queenslandthathashelped generate cashand awarenessof the animal welfare initiatives.RSPCA receivesapercentage of fees that bucqi generatesinreturnforpromotingto its30,000 plussupporters. Bucqi hadreceivedover 2700 commitmentsfromregisteredbusinessestoparticipate asmerchantsinjustoverthree months,exceedingexpectations,andhighlightingthe demandforthe unique loyaltyreward application.Eachtime a RSPCA supporterspendsthroughthe bucqi system, theyreceive 1% of value fromeverytransactionthatis completedwithparticipatingmerchants. All inall 2015 was significantlyprosperouswithimplementationof strategiesinbuyingbackkey franchise areas. The businessesare runas companyownedstoresandnotfor re-sale purposesin short terms.A recentagreementwithOne WorldExpress(HK) Limitedisanexcitingdevelopment that ispromisingto facilitate expansion withinthe Chinese market.
- 2. One setbackfromthat of Bucqi was thattheydecidedtodelaythe launchof BPS’mobile loyalty rewardsand paymentplatform.However,thissetbackturnedintoatactic byallowingmajor enhancementstothe platform inordertoincrease itsappeal andfunctionalityinthe burgeoning B2C paymentsandloyaltyspace. 2016: 2016 isforecastedtohave major roll outsand growthinproductivityand technology. Bartercardare targetinga further100,000 cardholdersbythe endof 2016 fromthere presentvalue of 50 odd thousand. The exclusive licenseof the Bartercard systemthat wasinitiatedinlate FY15 hasbeen prophesiedtobe anacceleratingprospectfortransactional revenue. BPSare showingnosignsof maturinginthere productlife cycle atthe present,however,theyare continuallyinnovatingthere expansionswithgoalstogrowgloballyby20,000 merchantsin the UK, 150,000 in the U.S., 105,000 inChinaall withinthe next 10 year cycle.Theyare also lookingtogrow there SouthAfricalicense vendortoseveral additional provincesby2016-17. BPS are pleasedtoannounce thatthe firsttwo monthsof FY16 have beena significantincreaseof 60% innew fee payingmembersjoiningthe Bartercard networkexcluding the newlicenseesin China,IndiaandSouthAfrica. Major focusesforFY16 as mentionedinthe Tech-Knowinvestorpresentationare tofurther acquisitionsof targetedprofitable franchisesin Australia; Have a strongfocuson acquisitionsof profitable Trade ExchangesespeciallyinNthAmericaand Europe to expandglobal footprintandguarantee accesstolarge bodyof SMBs for bucqi; EvidentlyfurtherInternational Expansionwithafocuson NthAmerica,Europe andAsia.Bucqi also desire thatitsplatformwill be available acrossAustraliaandNew Zealand; Theyalsowant to be able to use existingrelationshipsof 300+ Not for ProfitsandSportingClubsto rapidlyexpandconsumerbase whilstintroducing C2Cmodelsinthe laterpart of FY2016; Have 3750 Bartercard Merchants acceptingbucqi byendof FY16. Industrystepchangesare to work closelywithIRTA toexpandTESSsoftware footprintandto increase supplyof enterprise level software tomajortrade exchanges.