IMS Acquires Boston-Based Bartermax
International Monetary Systems (OTCBB:INLM), a worldwide leader in
business-to-business barter services, has purchased the assets and
client base of Bartermax, Inc., a barter trade exchange serving
clients in Boston (MA) and Providence (RI).
�This represents another acquisition of a reputable and
long-standing trade exchange in a strategic location,� confirmed Don
Mardak, CEO of IMS. �Al Kafka, owner of Bartermax, has been an
industry icon and leader for several decades, cultivating the kind
of high-quality exchange network that IMS seeks.
�We are confident that the clients in these two markets will
synergize well with our members nationwide � especially those in our
Connecticut and New York markets. This acquisition also adds
attractive new travel destinations for our entire business client
base.�
Al Kafka reflected, �We are proud to have Bartermax join the ranks
of International Monetary Systems. We feel the growth opportunity
for our members here is very exciting. IMS is accomplishing a goal
that we veterans in the barter industry have long supported...a
large network of businesses connected by a common and well-respected
trade dollar.�
The transaction was financed by a combination of cash, stock and
other considerations. For more information on IMS go to
www.imsbarter.com.
