Message #48 From:
Jason Date: April 17, 2008 02:45:27 PM
International Monetary Systems Receives Equity Investment
International Monetary Systems Receives Equity Investment
International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in
business-to-business barter services, today announced that its major
investor, Praetorian Offshore, Ltd., has exercised 550,000 warrants at a
price of $.55, providing IMS with an additional $302,500.00 of invested
capital.
The company plans to use the funds as working capital for their
concentrated efforts in expanding the IMS barter network with new
members, continued establishment of best practices and further
infrastructure improvements and upgrades.
Don Mardak, CEO of IMS commented: “We are
grateful for the confidence that Praetorian Offshore continues to place
in our company. 2007 was a year of historic growth for IMS. We
instituted a series of best practices that supported our record
membership growth, we increased trading across all of our markets, and
we strengthened our internal team. We intend to continue and also add to
these successes in 2008.”
About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves 17,600
customers representing 23,000 cardholders in 49 North American markets
including Canada. Based in New Berlin, Wisconsin, and managed by
seasoned industry veterans, IMS is one of the largest publicly traded
barter companies in the world and is continually expanding its network
by adding exchange locations. The company's proprietary transaction
clearing software enables businesses and individuals to trade goods and
services online throughout North America, using an electronic currency
known as trade dollars. The IMS network allows companies to create cost
savings and attract new customers by incorporating barter opportunities
in their business models. Further information can be obtained at the
company's Web site at: www.imsbarter.com.
