Webpage: InternationalMonetary.com

Corporate Overview

Founded in 1989, International Monetary Systems currently serves more than 5,000 customers nationwide. Based in New Berlin, Wis., the company is one of the largest publicly traded barter companies, with offices in eight U.S. cities and two in Canada, and is continually expanding its exchange locations. The company's proprietary transaction network enables companies and individuals to trade goods and services throughout North America, using an electronic currency known as trade dollars.

The Barter Industry

Barter is a way of transacting business without the use of cash. You can buy what you need and pay for it with what you have. A sale is made that would not have been if cash were required. Plus, there is an immediate increase in cash flow when you barter for an expense that would otherwise be paid for in cash.

Barter comes in handy when a businesses is unable or does not want to pay money for something, but would be very willing to pay with their product or service. You may not need these offerings directly, but your exchange may have a market for them. A barter exchange network will be able to move those products, either by your receivable account becoming part of the exchange network and working with their own account. They can also process the transaction through your exchange account, and credit your account when the products or services have been sold.

Management

Donald F. Mardak
Chairman of the Board, President, CEO

Donald F. Mardak has been the Chief Executive Officer, President, and a director of IMS since our inception in 1989. From 1970 to 1974, Mr. Mardak was a partner in Learning Unlimited, a division of Hal Leonard Publishing Corp. In 1974, he founded Don Mardak Piano & Organ Centers, Ltd., a chain of retail piano and organ stores in the Greater Milwaukee Area. In 1985, Mr. Mardak founded the Continental Trade Exchange barter network under the name "Continental Trading Company," a sole proprietorship. Continental Trading Company was incorporated in 1988 as Continental Trade Exchange, Ltd., and is now our primary operating subsidiary. Mr. Mardak has served two terms as president of the National Association of Trade Exchanges, the principal barter industry trade association, in 1995-96 and again in 1999-2000.

Investment Highlights

With an aggressive growth through acquisition strategy, INLM has experience double digit growth of assest (up 51% from 9/30/04). Net Accounts receivables grew 23% while sales are up 43%.