SOURCE: International Monetary Systems Ltd.

February 02, 2011 09:28 ET

International Monetary Systems Expands Its Connecticut Operations

Barter Firm Opens New Office in North Branford, CT

NEW BERLIN, WI--(Marketwire - February 2, 2011) - International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced the opening of its newest office -- IMS Southern Connecticut -- that recently began operations at 999 Foxon Road, Suite 30, North Branford, CT.

IMS management believes this is a part of the region that, until now, has been underserved, but can quickly grow into a thriving marketplace for its members. The area covered includes Fairfield, New Haven and Middlesex Counties. The New Haven, CT Metropolitan Statistical Area (MSA) lists the population count at over 845,000 people, which is comparable to Omaha, NE, Dayton, OH, and Albuquerque, NM in size.

Dale Mardak, IMS Senior Vice President, commented, "We expect that this additional emphasis in Southern Connecticut will provide expansion opportunities and greater synergies for our large membership in the Greater Hartford market. The new office will be managed by Jay Greene, who has more than ten years' experience in the barter industry. We are very pleased to welcome someone with Jay's background, relationships, and knowledge to the IMS team."

International Monetary Systems is the largest trade exchange operating in the northeastern United States. In addition to the new office in North Branford, IMS serves client bases in Hartford, CT; Boston, MA; Providence, RI, plus Rochester, Syracuse, Buffalo, Long Island, and New York, NY.

To contact Jay Greene, please call (203) 871-3813, Ext. 2.

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.

Forward-Looking Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning our expected performance as described without limitation in comments about the company's performance within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. These risk factors and other important factors that could affect our business and financial results are discussed in our periodic reports and filings with the Securities and Exchange Commission, including our Forms 10-K and Forms 10-Q, which are available at www.sec.gov. All information set forth in this release is as of February 2, 2011, and International Monetary Systems, Ltd. undertakes no duty to update this information.

Contact Information

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