As reported on the IMS website:
New Berlin, Wisconsin, February 16, 2010 — International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that it had record sales in its online Marketplace during the fourth quarter of 2009.
Early in 2008, IMS established the barter Marketplace as a new sales venue for its nationwide network of clients. As a result, members who in the past would sell only to local customers, now have the ability to expand their markets by shipping their products across North America.
Online Marketplace sales during the fourth quarter of 2009 increased by 124% over the totals for the same period in 2008. The number of orders processed increased by 93%, and the average price per order increased by 16%.
Commenting on these results, IMS’ CEO Don Mardak said: “Needless to say, we are very pleased with these increases. We believe that the Internet is a tool that has been unexplored or underutilized by most barter systems, and this new venue places International Monetary Systems ahead of the curve. Our clients really like the idea that they can now sell their merchandise in far-away markets. This additional sales channel makes barter an even more valuable tool for them in enhancing their business models.”
See the full story at http://www.imsbarter.com/investor-relations/press-releases/2010/2/16
