IMS Files Annual Report, Acquires More Equity Capital

IMS Files Annual Report, Acquires More Equity Capital

International Monetary Systems (OTCBB:INLM) has filed its Form 10-KSB Annual Report for the year ending December 31, 2005. CEO Don Mardak says 2005 was a banner year for the company with five acquisitions, revenue growth of 31%, and positive cash flows from operations in excess of $678,000.

He also noted that after deducting expenses, resulting primarily from accounting adjustments and changes to comply with the S.E.C. standards and Sarbanes-Oxley rules, the firm reported a net loss for the calendar year of $221,639.

IMS processed more than $52 million in barter transactions (one side of the transaction) and generated revenues of $6.2 million, an increase over 2004 which had $37 million in barter transactions and revenues totaling $4.7 million.

The company increased the size of its outside sales force to fourteen and averaged nearly 100 new-client enrollments each month.

$1 Million Received From Praetorian Offshore Ltd.

The firm also announced the receipt of $1 million in funds which will be used to finance additional acquisitions, reduce outstanding debt, and supplement working capital.

Mardak affirmed, “We are thrilled to have earned the confidence of a firm such as Praetorian Capital. Unlike so many funding opportunities that have been presented to us, this is a pure equity investment in our company’s common stock, which demonstrates the confidence that Praetorian management has in our future.

For further information: www.internationalmonetary.com.