International Monetary Systems Agrees to Acquire United Trade Network of Las Vegas; Los Angeles Clients Also in the Transaction.NEW BERLIN, Wis. -- International Monetary Systems, Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :INLM), a worldwide leader in business-to-business barter services, today announced that it has signed a definitive agreement to acquire the assets and client base of United Trade Network (UTN) of Las Vegas, NV. The transaction also includes the UTN clients in Los Angeles, California. This will be International Monetary's fifth trade exchange acquisition in the past four months. "This acquisition will strengthen our barter network in the Southwestern United States," stated Don Mardak, 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. President and 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. . "Las Vegas is the fastest-growing city in America and is the ultimate travel destination for many people. This transaction will have a significant positive impact on the clients in our 32 other markets and will allow us to continue showing strong revenue growth." In April of this year, International Monetary Systems purchased United Trade Network's Reno, Nevada operation. About International Monetary Systems Founded in 1989, International Monetary Systems (IMS) serves 9,000 customers representing 14,000 cardholders in 32 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 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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