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November 17,  2009

Written by Bob Meyer, Editor of BarterNews

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IMS Barter�s Quarterly Report Reveals Substantial Progress

International Monetary Systems (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 ending September 30, 2009, International Monetary Systems (IMS) was realizing the benefits of the substantial reductions in overhead the company 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 increased by 94.9% since December 31, 2008.

        190,006 shares were repurchased and added to treasury stock since December 31, 2008.

During the quarter ending September 30, 2009, International Monetary Systems generated gross revenues of $3,526,792, substantially flat compared to revenue of $3,537,840 in the third quarter of 2008.

Operating expenses in the third quarter were $3,169,126, a 9.8% decrease compared to $3,511,054 in the third quarter of 2008. The decrease was primarily due to efficiencies realized in personnel and administrative costs.

The combination of revenue change and expense controls resulted in net operating income of $357,666 for the quarter, compared to $26,786 in the third quarter of 2008.

After adjusting for interest and income tax expense, the net profit for the current period was $214,180 compared to a net loss of $121,516 in the third quarter of 2008.

Operating profit or EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter totaled $748,792, a 67.8% increase over the $446,417 reported in the third quarter of 2008.

For more information on IMS click here.


Attention Trade Exchange Owners. . .It�s GROW OR GO!

The magic bullet for growth is sales, always has been and always will be...yet the industry�s overall growth is anemic. Why? Maybe it�s because we�re not providing on-going education about our unique way of doing business. Knowledge is always a pre-requisite to taking sustained action.

And for those newcomers, the lifeblood of an exchange, awareness of and understanding about the value of trading is even more important.

If you expect prospects to come aboard and your members to be more active traders, but you are perplexed when the results are less than you desire...there�s a good reason. You must continually educate and motivate every month--month after month after month!

Such action is necessary because, let�s face it, more cash business, not trade, is of paramount importance to your members. You must break through this �cash only� focus and redirect their thinking toward barter. Although most exchanges don�t see the importance of doing so, many industry leaders are taking action and so can you.

As the owner of your own operation, there is an easy and inexpensive solution for moving forward...look into using The Competitive Edge newsletter. It�s a camera-ready, 4-page, professionally written, informational marketing tool...available in PDF format as well as print. So regardless of how you reach your prospects and clients, you will have the necessary vehicle.

Written especially for you, the busy trade exchange owner, I am certain it will be the best investment you ever make.

For more information about The Competitive Edge, and how it can benefit you click here.


Kudos To Bartercard New Zealand For Their Accomplishments

Paul Bolte was hired as the CEO of Bartercard New Zealand three years ago with the goal of getting the firm back on a fast-growth track. The progress Bartercard has attained under his direction is remarkable; Bolte has positioned the company as a good corporate citizen, too.

Bartercard New Zealand is posting impressive numbers (sales) in a country that has a 4 million population. Last year the company�s 6,800 members transacted over $210,000,000 in trade dollar activity. It is an entrepreneurial organization achieving growth even within the current challenging economic conditions.

Bolte visited with New Zealand�s prime minister the Honorable John Key earlier this month as part of Team Bartercard, which is a group of 16-to-19-year-old students. They are mentored by Bolte and formed for the International Young Enterprise Competition 2009, which took place in June.

The 80 students in the competition worked in teams to create ideas, prototypes, business plans and presentations, focusing on global trade and innovative solutions to an issue or need. The teams had two challenges to complete that culminated in presentations to two different panels of judges. The judges looked for a winning combination of teamwork skills, an innovative approach, and an outstanding standard of product or service, prototype, business plans and presentations.

The winning team was Team Bartercard, which represented New Zealand later that evening in the Global Enterprise Challenge. The Honorable John Key extended a personal invitation to the group of entrepreneurial students to join him for morning tea in his office followed by a tour of Parliament.

�It is important as leaders of successful companies that we take the time to mentor students in programs such as this, since they are our future business leaders,� says Bolte. �The opportunity extended Team Bartercard by the Prime Minister was a huge honor and I was privileged to be a part of the group.�

For more information on Bartercard NZ e-mail marketing@bartercard.co.nz.

* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn�t listed see the forms on the lower left of the page. (Click here.)

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ITEX Increases Bank Line-Of-Credit To $2,500,000

ITEX Corporation (OTCBB:ITEX) has announced that it has entered into an agreement with U.S. Bank, its primary banking institution, to increase the maximum loan amount under its revolving credit line from $1.5 million to $2.5 million. The interest rate is one-month LIBOR+ 2%, equating to a current interest rate of 2.24%.

Steven White, Chairman and CEO, noted, �There is currently no outstanding balance under this line-of-credit and we have no immediate plans for use. However, we felt it prudent to increase our access to additional capital in order to position us to take advantage of potential opportunities. U.S. Bank has been a great partner over the years and we appreciate the support it has provided to help us expand our business.�

Timothy J. Flynn, Vice President of Commercial Banking for U.S. Bank, commented, �We are pleased with ITEX�s consistent financial performance and overall success during the last six years. During this period ITEX has done an exceptional job strengthening its balance sheet, increasing positive cash flow, eliminating debt associated with its acquisitions, and demonstrating sound fiscal management. These factors, along with our positive and open communications with ITEX�s management, were instrumental in approving the increase in the line-of-credit limit.�

For more information on ITEX click here.


Money-Making Reports Available From BarterNews


Cars2Go Barters With City Of Austin

The city of Austin (TX) is bartering with a company called Cars2Go. According to the agreement, some of the city�s parking spots will be exchanged for the use of 200 Cars2Go mini-cars that may be used by city employees during normal business hours for city business. This car sharing program was introduced in Germany. Austin is the second city (the first in the U.S.) where the car sharing program is in effect.


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