International Monetary Systems Reports $605,000 in August Revenues
Gross Income up 54% over last year
New Berlin, Wis., September 26, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its gross income for August shattered all previous monthly records. IMS processed nearly $5 million worth of trades, which produced revenue of $605,000. This represents an increase of 54% over the same period in 2004.
During the past five months, IMS has completed five acquisitions: Barter Business Unlimited of Hartford, CT; International Barter Network of New York, NY; United Trade Network of Las Vegas, NV and Los Angeles, CA; United Trade Network of Reno, NV and Eagle Barter Exchange of Chattanooga, TN. IMS now services clients in 32 markets across the United States, with plans on entering additional markets in the coming months.
Don Mardak, IMS President and CEO, commented: "More and more businesses are utilizing our cashless trade network to sell their inventories of products, services and time. Our revenue and profit increases are a superb testament to the success of our growth-through-acquisition strategy. We have now completed the integration of our last five acquisitions into our barter network. These acquisitions added 3,000 clients, 20 employees, and hundreds of thousands of dollars in free cash flow to IMS. Each customer added to our network represents multiple revenue streams to the company. The race to 10,000 clients continues, as this is a powerful benchmark in our industry."
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.
[BACK]

