NEW BERLIN, Wis. - (Business Wire) Please replace the release dated November 17, 2009 with the following corrected version due to changes in the financial tables.
The corrected release reads:
INTERNATIONAL MONETARY SYSTEMS FILES 3RD QUARTER REPORT
International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, has filed its 3rd quarter report on form 10-Q.
During the nine months ended September 30, 2009, International Monetary Systems (IMS) is realizing the benefits of the substantial reductions in overhead that the Company had worked so hard to achieve over the past year. Some highlights are:
* Employee costs were reduced by more than $1,300,000 compared to the first three quarters of 2008.
* Total Liabilities were reduced by more than $1.5 million compared to December 31, 2008.
* Net income from operations improved by more than $1,100,000 over the same nine months of last year.
* Unrestricted cash available has increased by 94.9% since December 31, 2008.
* 190,006 shares were repurchased and added to treasury stock since December 31, 2008.
