International Monetary Systems announced that it has entered into a
definitive agreement to acquire certain assets of National
Commercial Exchange in St. Louis (MO). As one of the oldest trade
exchanges in North America, NCE is the leading barter network in the
St. Louis marketplace.
�We are extremely pleased to announce this acquisition of National
Commercial Exchange,� stated IMS Chairman Don Mardak. �As founders
of NCE, Richard Harris and his late brother Bruce created one of
America�s finest trading systems with a strong barter currency.
Richard is a past president of NATE, serving several years on the
association�s board of directors. He will be joining IMS to oversee
the St. Louis operation, and to help us develop a program for
entering new markets.�
Richard Harris disclosed, �Don Mardak and the members of the IMS
management team have been my friends for many years. We have been
active reciprocal trading partners and have shared numerous
enlightening and profitable experiences throughout our long
relationship. This merger of our two fine companies should enable us
to take barter to a new, higher level of excellence.�
