Message #40 From:
Stock News Bot Date: January 9, 2007 06:00:00 AM
INLM News International Monetary Systems Concludes Acquisition of Alliance Barter, Inc.
NEW BERLIN, Wis.--(BUSINESS WIRE)--International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in
business-to-business barter services, today announced that it has
concluded its acquisition of Alliance Barter, Inc. (ABI) of Rochester,
NY. ABI also has an office in Toronto, Canada, and serves additional
clients in Buffalo and Syracuse, NY. This merger of two of North America’s
leading trade exchanges increases the IMS client roster to more than
16,000 members with 24,000 cardholders.
Don Mardak, CEO of International Monetary Systems, commented: “Alliance
Barter has long been recognized as having one of the industry’s
strongest trade-dollar currencies. As is the case with IMS management,
Steve Webster, founder and president of Alliance Barter, has always
subscribed to the successful philosophy of treating clients fairly and
making their barter experiences enjoyable and profitable. We hope to
continue that tradition, as Steve will be playing an important role in
our company’s future planning and growth
strategy.”
The transaction will become effective on January 31, 2007.
International Monetary Systems, Ltd. recently announced record trade
volume, revenue, and new-client enrollments for November. In addition,
an Investrend independent analyst has upgraded the company’s
stock to a “Strong Buy 5”
rating, with a price target of $1.31.
About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves more than
16,000 customers representing 24,000 cardholders in 44 markets across
North America. 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 their goods and
services throughout the United States and Canada, and to access a host
of travel destinations in those countries, along with Mexico, Europe and
the Caribbean Islands. 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.
