Turning Pennies into dollars: International Monetary Systems, Ltd. (OTCBB: INLM)
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Monday April 13, 2009, 11:22 am EDT
International Monetary Systems, Ltd. (OTCBB: INLM), a worldwide leader in business-to-business barter services, provided details of a barter transaction that was organized through their national barter broker network and that spanned across the country.
IMS member, John Sarantaskis, owner of People’s Choice Family Fun Center in Waukegan, Illinois, used his IMS trade dollars to purchase a Xebra electric car from ZAP!, another IMS member located in Santa Rosa, California. Since the electric vehicle can cover only 40 miles per day without recharging, the IMS barter broker responsible for connecting the buyer and seller was faced with the challenge of how to deliver the car from California to Illinois. A call placed to Chip’s Towing & Transport in Walpole, Massachusetts, also an IMS member, yielded a solution. The electric car will be transported to Illinois where a fourth IMS member will apply an ad-wrap around the vehicle that will promote Sarantaskis’ business.
Sarantaskis commented: “I can’t wait to drive to events and in parades with the coolest and greenest vehicle in town – with my company’s name on it. And I paid for it all of it – car, delivery and detailing with my logo - using my business services.”
Don Mardak, CEO of International Monetary Systems, said: “This coast-to-coast collaboration of our members illustrates the power of our nationwide barter broker network. Every day our broker network is connecting buyers and sellers who need new business and who also need to conserve cash in this tough economy. ”
About International Monetary Systems
Founded in 1985, International Monetary Systems (IMS) serves 17,500 businesses representing 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 and is continually expanding its network by adding exchange locations. 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.
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