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Barter Industry Veteran Joins International Monetary Systems; Georgia DeGrant to head Southern California office.


NEW BERLIN, Wis. -- International Monetary Systems, Ltd. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:INLM), a worldwide leader in business-to-business barter services, announced today that it has hired Georgia DeGrant to manage its Southern California office. Ms. DeGrant has worked in the barter industry for 18 years. She was the inter-city and reciprocal trade manager for NCE of St. Louis for nearly 16 years and recently had similar responsibilities for BXI of Los Angeles.

International Monetary Systems also announced that it is moving its Los Angeles area office to Long Beach, CA.

CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Don Mardak commented: "Getting Georgia DeGrant to join our management team is a real coup for our company. We have had dealings with her for many years, and she has always exhibited a great degree of efficiency and professionalism. In her new role, Georgia will oversee the bartering activities in our new Southern California market."

About International Monetary Systems

Founded in 1989, International Monetary Systems (IMS (1) See IP Multimedia Subsystem.

(2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS.
) serves more than 7,000 customers in 25 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 In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax.  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 NATE National Association for the Teaching of English
NATE National Association of Tower Erectors
NATE North American Technician Excellence, Inc.
NATE National Association of Trade Exchanges (Mentor, OH) 
) and the Barter Association National Currency (the BANC [French, Bench.] The location where a court customarily or permanently sits.

When a court is sitting in banc (or en banc), it means that a meeting or session of all the judges of a court is taking place.
). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 11, 2005
Words:276
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