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08/11/2009

 

IMS Enacts Reverse Stock-Split To Re-energize Stock

 

International Monetary Systems (OTCBB:ITNM - a new symbol), a worldwide leader in business-to-business barter services, recently enacted a one-for-six reverse stock split...effective Friday, August 7, 2009.

 

In discussing reasons for this action, CEO Don Mardak stated, �It has always been the goal of IMS to be listed on the American Stock Exchange or NASDAQ. Management believes that this stock split will be a major step toward that goal.

 

�We also feel that our company and its share price have been highly undervalued for many months. At the current pricing level, ITNM shares are trading at less than our book value and at less than one-half of our net revenue.

 

�The past two quarters have shown marked improvement in our financial statements, as cash flow has been steadily rising, while debts have been reduced through share buybacks and other loan reductions. The time is right for us to make this move, so that more of the investing public has an opportunity to see what our company is accomplishing and the great value that IMS shares represent.�

 

The recent financial improvements are a result of hundreds-of-thousands of dollars spent on infrastructure last year, as well as numerous cost-cutting measures that were enacted recently.

 

Among these are a partnership with AT&T to consolidate telecommunications throughout all IMS offices, plus the implementation of a four-year life cycle on all Microsoft Windows-based computers. In addition, the company has continued the process of reducing payroll and other expenses with no significant loss in revenue.

 

For more information go to www.imsbarter.com.



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