SOURCE: International Monetary Systems, Ltd.

April 27, 2011 09:53 ET

International Monetary Systems Increases Stock Buyback Plan

Company Will Now Repurchase up to 10% of Its Outstanding Shares

NEW BERLIN, WI--(Marketwire - Apr 27, 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 an increase to its previously announced stock repurchase plan. The company now intends to buy back up to 10% of its outstanding shares from time to time at prevailing market prices.

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

The IMS board of directors also authorized the cancellation and retirement of its outstanding treasury shares. This will bring the total number of issued and outstanding shares to approximately 9,550,000.

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