SOURCE: International Monetary Systems, Ltd

January 06, 2011 09:30 ET

International Monetary Systems Launches Medical Benefits Program for Small Businesses

Hundreds of Healthcare Providers Available on Trade Across America

NEW BERLIN, WI--(Marketwire - January 6, 2011) - International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced the launching of a new medical benefits program for its nationwide clients. The program, IMS Benefit Solutions, will make it possible for International Monetary Systems' members to utilize their earned trade dollars to provide an expanded healthcare benefits package to their employees.

Don Mardak, CEO of International Monetary Systems commented: "We believe that, because of the size of the IMS trade network, our new healthcare program is the largest of its kind in the barter industry. As part of the program, IMS business members will offer their employees trade dollars as reimbursement for medical costs that are not covered by their health insurance plans. Because of the high healthcare costs that most companies and their employees are now facing, IMS Benefit Solutions will not only enhance the clients' businesses, but will also generate significant new trade-dollar volume for International Monetary Systems. As a result of this program, we expect to recruit many more medical professionals across North America to join the IMS barter network."

International Monetary Systems has had a medical reimbursement policy that utilizes trade dollars in place for its employees for many years now. The idea to expand the program to its members emanated from one of the Company's senior trade brokers, Rebecca Lucas, from the Rohnert Park, California office. 

Under the new plan, exchange members and their employees will carry a special IMS Benefit Solutions prepaid barter card, which they will present to their medical providers. Employers interested in learning more about this program should contact International Monetary Systems at: (800) 559-8515.

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. We believe that these potential risks and uncertainties include, without limitation: the continuing development of successful marketing strategies for our concepts; our ability to increase revenues and sustain profitability; the availability of adequate working capital; our dependence both on key personnel, and the effect of changes in the overall economy and in technology. Statements in this release should be evaluated in light of these factors. 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 January 6, 2011, and International Monetary Systems, Ltd. undertakes no duty to update this information.

Contact Information

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

    Investor Relations Contact:
    Porter, LeVay& Rose, Inc.
    Linda Decker
    Vice President
    212-564-4700