Press Releases
International Monetary Systems Expands Share Base
CEO Says Move Will Enable Continued Acquisitions
New Berlin, Wis., February 27, 2003 -- Shareholders of International Monetary Systems, Ltd. (OTC BB:INLM) have approved an increase in the company's authorized capital to 90 million shares of common stock and 10 million shares of series preferred stock.
Don Mardak, president and chief executive officer of the worldwide leader in corporate and consumer barter services, told a special meeting of shareholders that the increase was needed for acquisitions and other corporate purposes. "The increase will enable us to accelerate our growth strategy of being the leading consolidator in the barter industry," said Mardak.
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Source: International Monetary Systems, Ltd.
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