NEW BERLIN, Wis., July 13, 2005 (PRIMEZONE) -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in corporate and consumer barter services, today announced that its total revenue for June shattered all previous records. The company had gross income of $580,000 for the month. This represented an increase of 48 percent over the same period in 2004.
IMS' chief executive officer, Don Mardak, commented, "This record-breaking June sales volume is further testimony to the speed at which our company is growing. Our industry roll-up strategy is working, as we have successfully integrated the operations of our last three acquisitions and are now deriving the full benefit of the sales in those new offices."
The company expects to file its second quarter 10-QSB report in about a month. This will provide detailed information on profitability, expenses, and other pertinent data.
About International Monetary Systems, Ltd.
Founded in 1989, International Monetary Systems, Ltd.(IMS) serves more than 8,500 customers representing 14,000 cardholders in 31 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 Barter Association National Currency (the BANC). Further information can be obtained at the company's website at: www.internationalmonetary.com.
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.