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.
