IMS
Acquires Barter Partners & Kansas Trade Exchange
International
Monetary Systems reported it has purchased the client base of Barter
Partners, a trade exchange serving members in St. Joseph and Benton
Harbor (MI) as well as South Bend (IN), capably run by Jim Cassidy.
IMS management
believes that its new Barter Partners clients from the
Michigan market will derive much benefit from, and will relate well
to, the company’s largest client base in Chicago. These new IMS
members will now have thousands of trading partners that they have
not had before.
Acquisition of
the assets and client base of Kansas Trade Exchange, located
in Wichita (KS), will become effective on September 30, 2007. KTE
has been serving clients in south-central Kansas for more than
twelve years with a solid reputation for quality service to its
members...providing them with a wide variety of desirable products
and services.
Don Mardak, CEO
of International Monetary Systems, commented, “Hayes and Brenda
Crenshaw have created one of America's top-quality trade exchanges
with a loyal base of clients. We believe that this acquisition will
strengthen our product offerings and be accretive to our revenue and
profitability."
