International Monetary Systems Has Another Record Month in May Revenue up 53% over last year
New Berlin, Wis., June 13, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, today announced that its gross revenue for May shattered all previous records. The company processed more than $5.2 million worth of trades which produced gross income of $540,000. This represented an increase of 53% over the same period in 2004, and an increase of 31% over the outstanding April, 2005 sales.
IMS' Chief Executive Officer Don Mardak commented: "This is a historic achievement for our company, as we have substantially surpassed the half million dollar mark in sales for the month of May. Once again, this demonstrates the wisdom and success of our industry roll-up strategy. Our three most recent acquisitions in Hartford, CT, Chattanooga, TN and Reno, NV were key factors in our achieving these record numbers."
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 8,500 customers, representing 14,000 cardholders in 30 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.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those statements pertaining to the potential creation of a trading market and to the beneficial consequences of growth through acquisitions. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projects," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, we do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
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Source: International Monetary Systems, Ltd.
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