IMS Gobbles Up Nation�s Largest
Independent Trade Exchange...Schacht & Varner�s NTA/ITA
In 2003, a BarterNews cover story (issue #61) was
titled, �IMS Quietly and Methodically Is Building A Barter
Juggernaut!�
The story began, �Don Mardak�s gentlemanly, at times reserved
demeanor masks a competitive zeal and a will to win that is second
to none in the commercial barter industry.� (Click here to read
cover story.)
24-40covstory61.pdf
National Trade Association (NTA) and it�s
subsidiary, Illinois Trade Association (ITA), in business since 1983
and the largest independent trade exchange in America, is joining
forces with International Monetary Systems (OTCBB:INLM). IMS Barter
will now possess a huge client base of 15,000 quality member
businesses and over 22,000 cardholders.
Don Mardak, CEO of IMS, was ecstatic, �This
merger of America�s two leading trade exchanges adds a whole new
dimension to our company. NTA/ITA owners Jack Schacht and Joan
Varner are two of the most respected people in the barter industry.
�Their visionary leadership over the years has
set new standards for all of us and has established a level of
excellence that few have been able to emulate. We couldn�t be more
pleased than to be associated with these two outstanding people.
Both will work with us during the transition and will continue to
share their wisdom with us in the future.
�From our perspective, NTA/ITA is the �Jewel in
the Crown� among our acquired trade exchanges. This transition will
have a greater impact on our revenue and trade volume than any
others have had in the past.�
Mardak also emphasized that in the acquisition
he would be utilizing the personnel of NTA�s National Trade
Division, which provides IMS Barter with an instant entree into the
world of corporate barter, where larger transactions are consummated
between manufacturers, major hotel chains, airlines and national
advertising venues.
For more information on IMS:
http://www.internationalmonetary.com.
Additional details regarding the
merger can be seen in the form 8-K filed by International Monetary
systems at:
http://www.sec.gov.