International Monetary Systems April Revenue Up 35%
New Berlin, Wis., June 06, 2006 -- International Monetary Systems, Ltd. (OTC BB:INLM.OB), a worldwide leader in business-to-business barter services, announced today that its April revenue totaled $570,000, an increase of 35% over April of 2005.
International Monetary Systems recently received a $4 million equity investment from Praetorian Offshore, Ltd. The funds are being used to fuel organic growth, acquire other trade exchanges, and reduce outstanding debt. In additon, the company's stock has been upgraded to a "Buy/4" rating by Investrend analyst Gary Vassalotti. In his report, the analyst has projected a price target of $1.06 per share.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 9,700 customers representing 14,000 cardholders in 36 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.
New Berlin, WI
John Strabley
800-559-8515
http://www.internationalmonetary.com
Source: International Monetary Systems, Ltd.
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