IMS Announces 111% Trade Volume
Increase For March
International Monetary Systems (OTCBB:INLM),
which serves more than 16,000 customers in 44 U.S. markets, provided
the following sales volume and revenue figures for March, 2007:
-
Trade volume for the month totaled more than $9.5 million (for
sales only). Compared to trade volume of $4.5 million in March
of 2006 this is an increase of 111%.
-
Gross revenue billed was more than $1.1 million compared to
$564,000 for March of last year, a 95% increase.
-
New client enrollments established another high with 289 new
members joining the barter network. This was fifty more than
last month’s record, and nearly triple the 97 signed up in March
of last year.
Don Mardak, CEO of IMS, commented, “It is
becoming apparent that our sales figures in all categories will show
substantial increases during 2007. Our expanded sales force is
enrolling new members at historic levels for the barter industry.
“And our trade volume and gross revenue have
increased nearly 100% for the first quarter. These numbers once
again validate our long-term strategy of strong organic growth
coupled with the acquisition of strategically located trade
exchanges.”
For further information go to
www.internationalmonetary.com.
