IMS Provides Needed Credit Lines To Business Community
International Monetary Systems Ltd. (OTCBB:ITNM) reports that it
continues to make credit available to IMS member businesses,
providing them with an assurance that if they are not able to get
credit at the bank, they have an alternative payment system which
still offers them lines of credit.
�The fundamentals of barter state that in a slow economy, business
owners look to alternative means to stabilize cash flow and to keep
new business coming in,� explains Don Mardak, CEO of IMS. �However,
we have been somewhat surprised by the strong increase in requests
for credit that we have seen recently.�
Currently, IMS Barter has issued credit lines totaling more than $48
million. The top members in the IMS network have seen their lines
increased by more than $2 million.
�If we as a country have learned anything from this current
economic crisis,� Mardak reflected, �it is that any currency system
must be operated prudently and responsibly, especially when issuing
credit. IMS has a 24-year history of managing a healthy barter
network. The opportunity to issue credit where credit is due is what
we�re all about.
�We base our credit on the products and services that the member
businesses have to offer,� he continued, �not on their cash
accounts, such as receivables or future sales or how they look on
paper. So, while the bank might not be able to issue credit our
alternative currency system enables us to go about it differently,
offering an alternative form of business financing.�
For more information on IMS see
www.imsbarter.com.