SOURCE: International Monetary Systems Ltd

March 02, 2011 10:00 ET

International Monetary Systems Acquires Nationwide Barter of Canada

NEW BERLIN, WI--(Marketwire - March 2, 2011) - International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that it has acquired Nationwide Barter, a trade exchange located in Peterborough, Ontario, Canada.

John Strabley, IMS Executive Vice President, commented, "We are pleased to bring another well-run operation into our barter network. Adding Nationwide Barter to our Canadian exchange will virtually double the size of our Canadian client base. We expect our new Peterborough members to have many more trading opportunities through the intercity relationships that will develop with our Toronto office, as well as our huge travel division."

In the past, International Monetary Systems has grown primarily through the acquisition of other barter systems. Because of previous market conditions, this is the first acquisition since 2008. Mr. Strabley also stated, "IMS is open for discussions with other trade exchange owners who are looking for an exit for themselves, or the opportunity to offer expanded trade opportunities to their members."

About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves 23,000 cardholders in 50 North American markets. Based in New Berlin, Wisconsin, and managed by seasoned industry veterans, IMS is one of the largest publicly traded barter companies in the world. The company's proprietary transaction clearing software enables businesses and individuals to trade goods and services online using an electronic currency known as trade dollars. The IMS network allows companies to create cost savings and connect to new customers by incorporating barter opportunities in their business models. Further information can be obtained at the company's Web site at: www.imsbarter.com.

Contact Information

  • Contact:
    International Monetary Systems, Ltd., New Berlin, WI
    Company Contact:
    John Strabley
    Executive V.P.
    (800) 559-8515