International Monetary Systems Initiates Organic Growth Strategy
Appoints Barbara Martin National Sales Manager
New Berlin, Wis., September 13, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that it has appointed Barbara Martin, a barter industry veteran, to the position of National Sales Manager. IMS is now on track to achieve the 10,000 client milestone in the next 60 days.
Don Mardak, IMS President and CEO, commented: "We have established a strong recruitment and training program for new salespeople. Currently, we have about a dozen full-time sales representatives who are producing 80 to 100 new clients per month. We intend to continue expanding this program so that we can eventually sign up 500 to 1,000 new members each month. But in recent years, our greatest growth has come from acquisitions of other trade exchanges. Because of our past relationships with these trade exchange owners, and because of our good reputation among our peers, we believe that we have the ability to roll up most of the existing barter industry. As a result of these acquisitions, our revenue has been growing at 30% to 40% per year for the past five years."
Dale Mardak, IMS Senior Vice President, commented: "Barbara Martin is one of the most dynamic professionals in the barter industry. Prior to this appointment, Mrs. Martin successfully oversaw IMS' organic growth initiatives throughout the south central United States. She has done a remarkable job running those regional offices and has recently established the industry's finest sales training program. Under Barb's able direction, we expect to see a substantial increase in new client enrollments, which should lead to greater organic growth for International Monetary Systems."
Safe Harbor Statement
Some statements in this release are ''forward-looking statements'' as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the ''Securities Act''), and Section 21E of the Securities Exchange Act of 1934 as amended (the ''Exchange Act''), and are subject to certain risks and uncertainties, including, but not limited to, economic conditions, competition, changes in laws and the demand for the company's goods and services, which could significantly affect anticipated future results. Actual results may differ materially from any forward-looking statements.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves 9,500 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 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.
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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