International Monetary Systems Acquires United Trade Network's Reno / Lake Tahoe Operation
New Berlin, Wis., April 27, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that it has acquired the assets and client base of United Trade Network's office in Reno, NV. The facility serves more than 350 clients in the Reno / Lake Tahoe markets.
International Monetary Systems' CEO Don Mardak commented: "Adding the UTN Reno operation enhances our presence in the western area of the United States. This is a great travel destination for our Northern California clients. Our company's total membership roster now exceeds 7,300 clients representing more than 10,000 cardholders."
International Monetary Systems recently filed its 10-KSB Annual Report for 2004. In that document, the company reported 19% revenue growth over the previous year and was profitable.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 7,300 customers in 28 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 companies 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 Barter Association National Currency (the BANC). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.
Contact:
Source: International Monetary Systems, Ltd.
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