International Monetary Systems announces stock buy-back program
Barter Industry Leader to repurchase up to one million shares
New Berlin, Wis., June 30, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its board of directors has authorized a stock repurchase program. The buy-back plan was approved Wednesday because the board and management believe the stock presents an attractive investment and is undervalued. The company has received a commitment for funding that will allow it to repurchase up to one million shares.
Don Mardak, chief executive officer, stated: "In our opinion, our current stock price fails to reflect the value of our company, and the repurchase program is a very attractive use of company resources."
The company said it will buy back shares through both public and private channels at prices believed to be appropriate and in the best interest of its shareholders.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 8,500 customers, representing 14,000 cardholders in 31 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:
International Monetary Systems, Ltd.
Don Mardak, 800-559-8515
Source: International Monetary Systems, Ltd.
[BACK]International Monetary Systems announces stock buy-back program
Barter Industry Leader to repurchase up to one million shares
New Berlin, Wis., June 30, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its board of directors has authorized a stock repurchase program. The buy-back plan was approved Wednesday because the board and management believe the stock presents an attractive investment and is undervalued. The company has received a commitment for funding that will allow it to repurchase up to one million shares.
Don Mardak, chief executive officer, stated: "In our opinion, our current stock price fails to reflect the value of our company, and the repurchase program is a very attractive use of company resources."
The company said it will buy back shares through both public and private channels at prices believed to be appropriate and in the best interest of its shareholders.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 8,500 customers, representing 14,000 cardholders in 31 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:
International Monetary Systems, Ltd.
Don Mardak, 800-559-8515
Source: International Monetary Systems, Ltd.
[BACK]