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08/16/2011

IMS Acquires Saint Louis-based National Commercial Exchange

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.�



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