Released on: May 29, 2008, 1:34 am

Press Release Author: Gaurav \"GP\" Pal

Industry: Marketing

Press Release Summary: Federal Agencies bought over $18.6. billion worth of products
and services with credit cards in 2007.


Press Release Body: Rockville, Md, May 29, 2008 -- Leading Federal market research
and Federal contracts intelligence provider fedXccel is reporting that Federal
Agencies are increasing procurements of products and services through credit cards.
In 2007, over $18.6 billion worth of purchases were made with a significant portion
of spending occurring during the fourth quarter. Businesses looking to succeed in
the Federal market should take a close look at the Government Credit Card program to
accelerate sales.

fedXccel hosted a free webinar on how companies can take advantage of purchase card
contract opportunities. The webinar included a presentation by Ms. Mirinda Jackson,
Former Deputy Associate Administrator for GSA's Office of Enterprise Development.
\"Companies need to take a hard look at the opportunities presented by GSA\'s SmartPay
program - too many companies keep trying to swing for the fences going for large
deals, missing a significant market opportunity presented by the P-card program\",
said Ms. Jackson.

Federal agencies are constantly increasing the threshold of procurements that can be
made using the Government credit card program.

The Federal Purchase Card program generated over 24 million transactions in 2007
with a dollar value of over $18.6 billion. The program has continued to grow year
after year showing a robust 5% increase in 2007," said fedXccel chief Gaurav "GP"
Pal. "Our research shows that the Federal purchase card market is an attractive
proposition for Value-Added Resellers, Medical Equipment and Product Suppliers.
There are also significant opportunities for Merchant Account and Credit Card
Gateway processing companies that provide the infrastructure for processing cards."

Companies looking for growth in a soft economy would do well to look at a steady and
sizable market that continues to grow," said Gaurav. "Companies must do their
homework and develop effective marketing strategies. With over 280,000 purchase card
holders - a cold-calling strategy drains limited resources. A comprehensive
marketing strategy based on buyer intelligence can improve the return on marketing
investment."

fedXccel has released a research report titled "Win Big with Micro Contracts" that
provides detailed analysis on Agency spending, Product/Service mix, Small/Large
Business share, Setasides and Socio-economic composition to help businesses
understand this steadily growing market. The report is available for FREE to members
of the media and non-profit associations. Please send an email to info@netxccel.com
requesting the report. If you are with the media and want to interview the analyst
behind the report please call (877) FED 2WIN.
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For more information on how your business can succeed in the Federal Contracts
market, schedule a free custom consulting session with an experienced Federal
Business Specialist at (877) FED 2WIN.
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Contact:

Gaurav \"GP\" Pal
netXccel, Inc.
Rockville, Md
(301) 560 2560
gpal@netxccel.com
http://www.fedXccel.com
http://www.netxccel.com

Web Site: http://www.fedXccel.com

Contact Details: netXccel, Inc.
Rockville, Md
(301) 560 2560
gpal@netxccel.com
http://www.fedXccel.com
http://www.netxccel.com