Home | Country | World
International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, today provided its sales volume and revenue figures for October. The month produced the company’s highest revenue total in its history. There also were very strong new-client enrollments. The October 2007 results are: Trade volume for the month totaled more than $9.8 million. (This amount represents sales only — just one side of the transactions.) In October of 2006, the trade volume was $10 million. The higher volume last year was a result of more reciprocal and non-fee transactions. Though the reported trade volume for October of 2007 was $200,000 less than last year, the actual billable client amount was greater this year and generated increased revenue. Gross revenue billed was $1.4 million, compared to $1.2 for October of last year, a 17% increase. The October 2007 revenue was the highest monthly total in the company’s history. New-client enrollments were strong with 300 new members joining the barter network in October of 2007. This represented an increase of 117% over the 138 new members signed up in October of last year. The totals listed above are taken from the company’s internal records and have not been audited. About International Monetary Systems Founded in 1985, International Monetary Systems (IMS) serves 17,000 customers representing 25,000 cardholders in 49 U.S. markets. Based in New Berlin, Wisconsin, 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 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) and the International Reciprocal Trade Association (IRTA)
Article Source: http://www.share.citynewslive.com
For more information visit www.internationalmonetary.com.
Please Rate this Article
5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
