NEW BERLIN, Wis.–(BUSINESS WIRE)–International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, today provided its sales volume and revenue figures for March. Once again, the company had substantial increases in gross revenue, trade volume and client enrollments. The March 2007 results are:
- Trade Volume for the month totaled more than $9.5 million. (This amount represents sales only — just one side of the transactions.) The total compared to trade volume of just $4.5 million in March of 2006, for an increase of 111%.
- Gross Revenue billed was more than $1.1 million compared to $564,000 for March of last year, a 95% increase.
- New-Client enrollments established another all-time high, with 289 new members joining the barter network in March of 2007. This total was fifty more clients than the record number reported in February, and was nearly triple the 97 new members signed up in March of last year.
The totals listed above are taken from the company’s internal records and have not been audited.
Don Mardak, CEO of IMS, commented: “It is becoming apparent that our sales figures in all categories will show substantial increases during 2007. Our expanded sales force is enrolling new members at historic levels for the barter industry, and our trade volume and gross revenue have increased nearly 100% for the first quarter. These numbers once again validate our long-term strategy of strong organic growth coupled with the acquisition of strategically located trade exchanges.”
About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves more than 16,000 customers representing 24,000 cardholders in 44 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.
