International Monetary Systems raises $1.2m in funding
International Monetary Systems, Ltd. (OTC BB:INLM), a worldwide leader in business-to-business barter services, today announced that it has received a commitment for an additional $1.2 million in funding from the same private investors who provided the company with more than $1 million last year.
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The company intends to use the proceeds to conclude the acquisitions of other strategically located trade exchanges.
Don Mardak, President and CEO of International Monetary Systems, commented: "With this additional funding in place, we hope to conclude some of the acquisitions that are currently under discussion. Our record revenues last year were primarily the result of five acquisitions made in 2005. These funds will also give us the ability to expand our national sales force, which should strengthen our new-client enrollment program and enhance our organic growth."