International Monetary Systems Processes $6 Million in November Trade Volume
Record month's revenue up 39% over last year
New Berlin, Wis., December 20, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its gross revenue for November shattered all previous records. The company processed more than $6 million worth of trades, which produced gross revenue of $696,000. This represents an increase of 39% over the same period in 2004.
Don Mardak, President and CEO of INLM commented: "The past several months have shown a consistent pattern of growing revenues for our company, and November was especially spectacular. Our first six-million-dollar month of trade volume, and nearly $700,000 in revenue, established a new standard for us. And what makes the trade volume even more impressive is the fact that we count just one side of each transaction in our totals. Most other barter companies combine their sales and purchases when reporting their numbers. Combining sales and purchases, our November trade total would be more than $12 million. A great deal of credit for our increased transaction volume goes to our experienced brokers who create trade velocity by uncovering the needs of their clients and generating sales for them. We expect our growth pattern to continue well into 2006."
International Monetary Systems generates revenue through enrollment fees of $595 per new client, monthly account maintenance fees of $12 cash and $12 trade, plus transaction fees of 12% in cash, usually paid 6% by the buyer and 6% by the seller. For the past several years, IMS has been systematically acquiring other trade exchanges in an ongoing consolidation of the barter industry.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 9,300 customers representing 14,000 cardholders in 32 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 International Reciprocal Trade Association (IRTA). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.
Contact:
International Monetary Systems, Ltd.
John Strabley, 800-559-8515
http://www.internationalmonetary.com
or
L. G. Zangani LLC
Ian Cassel (Investor Relations), 908-788-9660
office@zangani.com
http://www.zangani.com
Source: International Monetary Systems, Ltd.
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