IMS Acquires Trade Exchange
Serving Kentucky/Tennessee Clients
International Monetary Systems (OTCBB:INLM),
which serves 17,000 customers in 48 U.S. markets, has procured the
assets and client base of Synergy Trade Exchange, a barter network
serving clients in Louisville (KY) and Nashville (TN).
The acquisition will eliminate a competitor of
the New Berlin-based commercial barter services firm, which operates
a Louisville office. Business for that office will nearly triple as
a result of the deal, IMS reported. Terms of the transaction, the
company's third in the past six weeks, were not disclosed.
“Combining the Synergy Trade
Exchange members with ours will make International Monetary Systems
the dominant barter system operating in northern Kentucky,” said CEO
Don Mardak.
