Message #35 From:
Stock News Bot Date: November 17, 2006 06:00:00 AM
INLM News International Monetary Systems Issues Metrics for October
NEW BERLIN, Wis.--(BUSINESS WIRE)--International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in
business-to-business barter services, today issued its sales volume and
revenue figures for October. As a result of continued organic growth and
its recent acquisition of National Trade Association, the Company had
record revenue, trade volume, and client enrollments. The October 2006
results are:
Trade volume for the month totaled more than $10 million. (This amount
represents sales only — just one side of the
transactions.) In October of 2005, trade volume was $4,460,000.
Gross revenue billed was nearly $1.2 million compared to just $570,000
for October of last year.
New-client enrollments also set a record, with 200 new members joining
the barter network in October of 2006.
In discussing the historic numbers, Don Mardak, president and CEO of
IMS, stated: “The spectacular October sales
results continue to validate our commitment to organic growth, combined
with our acquisition-rollup strategy. International Monetary Systems is
now hitting trade volume and revenue levels never before achieved by an
independent trade exchange. And because of our upcoming series of
holiday barter expos, we expect our numbers for November and December to
be even better.”
About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves more than
15,000 customers representing 22,000 cardholders in 40 U.S. markets.
Based in New Berlin, Wis., IMS is one of the largest publicly traded
barter companies in the world and is continually expanding its exchange
locations. The company's proprietary transaction network enables
businesses and individuals to trade goods and services throughout North
America. Using an electronic currency known as trade dollars, IMS
exchanges allow companies to create cost savings and to improve
operations by taking advantage of barter opportunities in their business
models. Managed by seasoned industry veterans, IMS is a recognized
member of the National Association of Trade Exchanges (NATE) and the
International Reciprocal Trade Association (IRTA). Further information
can be obtained at the company's Web site at: www.internationalmonetary.com.
