International Monetary Systems Releases Growth Metrics for 2005
Company Processed $52 Million in Trade Volume
New Berlin, Wis., February 07, 2006 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its trading volume and revenue in 2005 shattered all previous records. The company processed more than $52 million worth of trades for the year, which produced gross revenue of $6.2 million. These figures represent increases of 40% and 31% respectively over the year ending December 31, 2004. The listed trade volume represents purchases only -- just one side of each transaction.
International Monetary Systems increased its client base from approximately 7,000 members in 25 markets at the end of 2004 to 9,200 members in 32 markets in December of 2005. Though much of the increased revenue came from four acquisitions that were made last year, the company showed substantial organic growth in several of its markets. While some areas were flat, the following offices provided the largest percentage increases: Green Bay, WI +25%, Reno, NV +18%, Milwaukee, WI +16%, Columbus, OH +13%, Madison, WI +13%, San Jose, CA +8%.
Management expects to maintain this explosive growth trend throughout 2006, as the company continues to make accretive acquisitions while increasing its sales force. IMS believes that at least 11,000 clients will be utilizing its trade exchange by EOY 2006. The mere fact that trade exchanges increase sales for participating clients is fueling demand for International Monetary Systems in many parts of the country.
Don Mardak, President and CEO of INLM commented: "Though we are demonstrating that our growth-through-acquisition strategy is working, we are very proud of our offices that are producing substantial organic growth. Our ever-expanding national sales force is beginning to show results that are far and above the barter-industry averages. 2006 looks to be yet another blockbuster year for the company, with increases in our client base, revenues, cash flow and profits. Our stock price continues to lag our core business fundamentals, and this is why I continue to buy back shares in the open market."
Zangani recently interviewed Don Mardak. Interested parties can listen to the audio interview at: http://www.zangani.com/content/view/5/6/
International Monetary Systems will be filing its 10-KSB Annual Report in March.
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 more than 9,200 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 International Reciprocal Trade Association (IRTA). 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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