International Monetary Systems to Acquire Eagle Barter Exchange; Chattanooga, TN Barter System Is Company's 12th Acquisition.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 Eagle Barter Exchange barter exchange barter n → Tauschbörse f (EBX EBX Electronic Book Exchange (XML standard) EBX Embedded Board Expandable (PC/104) EBX Electronic Branch Exchange EBX Enterprise Business eXtension (Orchestra Networks) ) of Chattanooga, TN. This is the company's 12th trade exchange acquisition. Johnny Eagle, the former owner of EBX, will be staying on with 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. to manage the Chattanooga office and to bring his media experience and marketing expertise to the nationwide barter network. International Monetary Systems' Senior Vice President Dale Mardak commented: "Adding the EBX operation to our rapidly growing company will strengthen our presence in the South-central area of the U.S., and having Johnny Eagle join our staff is a real plus. Johnny is one of the most respected figures in the barter industry. Having a strong background in radio broadcasting, he will add a whole new dimension to our advertising and media departments." International Monetary Systems recently filed its 10-KSB Annual Report for 2004. In that document, the company reported 19% revenue growth over the previous year and was profitable. About International Monetary Systems Founded in 1989, International Monetary Systems (IMS) serves more than 7,000 customers in 26 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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