SOURCE: International Monetary Systems Ltd.

December 01, 2005 09:00 ET

International Monetary Systems Upgraded to 'Strong Buy/5' by Investrend Research Analyst Gary Vassalotti

Target Valuation Set at $0.84

NEW BERLIN, WI -- (MARKET WIRE) -- December 1, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in business-to-business barter services, today announced that its stock has been upgraded to a "Strong Buy / 5," with a 12-month target valuation of $0.84 by Investrend Research analyst Gary Vassalotti in a research Update.

The analyst stated that the upgrade is due to:

-- Continued strong quarter / quarter sales growth
-- Target valuation that is much higher than the current price.
-- Consistent acquisition strategy that has definite, and positive results.
In his report, Mr. Vassalotti wrote: "INLM continued its growth by acquisition strategy during the quarter, consummating two mergers during the period... The company's growth from the acquisitions during the prior quarter are evident in the growth of the assets (up 51% from 9/30/04). Net Accounts receivable grew 23% while sales are up 43%. INLM seems to be in firm control of their receivables and are not allowing receivables to get out of control, even as the company experiences huge growth.

"I have adjusted my 2005 and 2006 earnings estimates to account for the acquisitions and resulting increase in shares outstanding (fully diluted). If the recent purchases had been in effect for the full year, sales up to 9/30/05 would have totaled $6,103,000, so I have raised my yearly sales estimate for 2005."

"With INLM's consistent, proven strategy for growth along with a strong management team the company should be on your watch list. I have stated earlier that I was hesitant to issue a report with a Strong Buy / 5 rating because of the stock's low float and volume. However, given the company's consistent and large growth rate I am upgrading my rating at this time to Strong Buy / 5," the analyst concluded.

The full report, including important disclosures and disclaimers, is available at http://www.investrendresearch.com, at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

International Monetary is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following.

INLM's President Don Mardak commented: "Needless to say, we are very pleased with the latest Investrend Research update. We believe that Mr. Vassalotti's projections are well in line with our own. Furthermore, as a result of our recent presentations at the EdgeWater and Arch Investment Conferences, along with our continuous flow of good news, our stock's trading volume has been steadily increasing."

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those statements pertaining to the potential creation of a trading market and to the beneficial consequences of growth through acquisitions. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projects," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, we do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

About International Monetary Systems

Founded in 1989, International Monetary Systems (IMS) serves 9,300 customers representing 14,000 cardholders in 32 U.S. markets. Based in New Berlin, Wis., IMS is one of the largest publicly traded barter companies in the world and is continually expanding its exchange locations. The company's proprietary transaction network enables businesses and individuals to trade goods and services throughout North America. Using an electronic currency known as trade dollars, IMS exchanges allow companies to create cost savings and to improve operations by taking advantage of barter opportunities in their business models. Managed by seasoned industry veterans, IMS is a recognized member of the National Association of Trade Exchanges (NATE) and the International Reciprocal Trade Association (IRTA). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.

Contact Information

  • Contact:
    John Strabley
    International Monetary Systems, Ltd.
    800-559-8515