NEW BERLIN, Wis., Aug. 25, 2004 (PRIMEZONE) -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in corporate and consumer barter services, today announced that it is hiring a staff of outside sales people to enable the company to enter new metropolitan areas. Additional sales representatives will also be hired in the firm's existing markets.
Executive Vice President John Strabley commented: "Though most of our prior growth has been through acquisitions, during the past six months we have also had record-setting results in new-client enrollments. For that reason, we intend to open offices in several major metropolitan areas in which we currently do not have a presence. We will also continue to add sales people in our existing markets."
International Monetary Systems recently reported record gross revenue and profits in the second quarter of 2004.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more than 7,000 customers in 24 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 companies 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 Barter Association National Currency (the BANC). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.
For additional information, contact: Don Mardak at (800) 559-8515