International Monetary Systems, Ltd. owns, manages, and operates trade exchanges and other related businesses. The company services approximately 15,000 barter customers. It has expanded its customer base through enrolling new members in its existing markets, acquiring other barter exchanges, and by encouraging its members to increase their trade volume. The company has three subsidiaries that include Continental Trade Exchange, Ltd., doing business as International Monetary Systems (IMS), National Trade Association, Inc., and INLM CN Inc. (Canada). All are part of the IMS barter system, which operates in the United States and Canada. The IMS Barter Network The company has created a network of approximately 15,000 barter clients who trade their goods and services with each other. Through their participation in its barter program, these companies and individuals are provided with a revenue management tool, which enables them to identify and capture incremental income, move surplus inventories and profitably capitalize on their excess capacity. IMS functions as a third-party record keeper-a status granted by the Internal Revenue Service-and also manages the barter system. To provide clients with a means of trading, the company has created an alternative monetary system with its own currency. Upon enrolling in the program, each member is assigned a barter account through which it receives IMS trade dollars-the medium of exchange for the barter system. Under the T.E.F.R.A. act of 1982, the company is required to report all barter sales to the IRS. History International Monetary Systems, Ltd. was founded in 1985. The company was incorporated in 1989 under the laws of the state of Wisconsin.
international monetary sys
(ITNM:OTC Markets Group Inc - Current Information)
16901 West Glendale Drive
New Berlin, WI 53151
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