SOURCE: International Monetary Systems, Ltd

March 14, 2011 13:36 ET

International Monetary Systems Approves Stock Buyback Plan

Company Will Repurchase up to 4% of Its Outstanding Shares

NEW BERLIN, WI--(Marketwire - March 14, 2011) - International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that its board of directors has authorized a stock repurchase plan in which the company intends to buy back up to 4% of its outstanding shares from time to time at prevailing market prices.

The buyback plan was approved because the board and management believe the stock presents an attractive investment and is extremely undervalued.

International Monetary Systems' CEO, Don Mardak, stated: "Our current stock price fails to reflect the value of our company, and the repurchase program is a very attractive use of company resources. At current prices, IMS shares are trading substantially under our book value and at about one-half of net revenue. This announcement illustrates our confidence in the long-term growth of the company and our commitment to returning capital to our shareholders."

During the past eighteen months, IMS has repurchased almost 3% of its outstanding stock. Under this new plan, the company will buy back shares through both public and private channels at prices believed to be appropriate and in the best interest of its shareholders. The repurchased shares will be held as treasury stock.

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