This transaction, along with the recent purchase of
United Trade Network's Reno
(NV) office, has added nearly 700 clients
to IMS' Continental Trade Exchange membership roster.
CEO
Don Mardak said the EBX cash and stock acquisition increases
the company's barter client roster to
more than 7,300 members and will
strengthen the company's travel and media divisions. SEVERNA
PARK, Md.
Business Editors
NEW BERLIN, Wis.S.
empowered exchange
Source
For more information
about Global TransNet, please visit
http://www.com.internationalmonetary.Web sites that facilitate
international trade between businesses using the exchange of goods or services as payment.
obsolete b2b
----International
Monetary Systems, Ltd.6
million in revenue.saves obsolete
(OTCBB:INLM), a worldwide leader in corporate
and
consumer barter services, today announced that it has completed
its previously reported acquisition
of Eagle Barter Exchange (EBX) of
Chattanooga, TN."
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves more
than 7,300 customers in 29 U
. The
U.com) or call 905-689-4718.irta cashless
Managed by seasoned industry veterans, IMS is a recognized member
of
the National Association of Trade Exchanges (NATE) and the Barter
Association National Currency
(the BANC)., Global TransNet Corp.
Bartering has exploded in recent years.cashless eoa
obsolete scrip
markets. Further
information can be
obtained at the company's Web site at: www.S.
Safe Harbor Statement:
Securities Litigation Reform Act of 1995: This
release contains forward looking statements that are
subject to risk and
uncertainties, including, but not limited to, the impact of competition,
inability
to secure investment capital or financing, new and untested
products, uncertainty of revenues and
earnings, fluctuations in stock price
and liquidity, market conditions, fluctuating operating results
, and other
risks detailed from time to time in the company filings with the Securities
and Exchange
Commission.
About International Monetary Systems
Founded in 1989, International Monetary
Systems (IMS) serves more
than 7,000 customers in 25 U.belongings cashless
globaltransnet.expenditures drc
----International
Monetary
Systems, Ltd. "Johnny Eagle
brings a wealth of media expertise to our staff," commented Mardak. Based
in New Berlin, Wis.tbex saves
belongings tradeoff
markets.increases itex
Over 470,000 US companies produce
over $12 Billion in annual barter
sales, as reported by The International
Reciprocal Trade Association."
Recently, the company also
announced record increases in client
enrollments.reciprocal barters
Global TransNet's LUCRAcard Forecasts $20 Million
(OTCBB:INLM), a worldwide leader in
business-to-business barter services, announced
today that it posted
$37 million in barter sales during 2004, generating more than $4.com
b2b eoa
Additional LUCRAcard offices will add to these
numbers. LUCRAcard is a
business to business
barter exchange.
CEO Don Mardak stated: "Achieving these historic sales figures is
a testimony
to the dedication and hard work of our brokering and sales
teams.irta exchange
This trading volume will produce
$2. Furthermore,
LUCRAcard focuses on high-end dollar trades. It also illustrates the success
of our long-term strategy of
growing both internally and through acquisitions.governs cashless
Over 65% of the corporations
listed on the New
York Stock Exchange are presently using barter to reduce surplus inventory,
bolster
sales and ensure that production facilities run at near capacity. The
company's proprietary transaction
network enables companies and
individuals to trade goods and services throughout North America.obsolete eoa
,
IMS is one of the largest publicly traded barter companies in the
world and is continually expanding
its exchange locations.4 million in revenue, with net profits of $860,000 or 40% of revenue from
LUCRAcard
's Toronto office. It is a win-win for all parties. For more information about LUCRAcard please
visit
(http://www.
About Global TransNet Corp. GTN is quoted
on the Pink Sheets and traded OTC
-BB.,
IMS is one of the largest publicly traded barter companies in the
world and is continually
expanding its exchange locations. Further information can be
obtained at the company's Web site at:
www.eoa saves
(OTC BB: GBJX) today announced that LUCRAcard's trading volume will exceed
$20 million over
the next 16 months that represents the balance of Global
TransNet's current and next fiscal year
.
Managed by seasoned industry veterans, IMS is a recognized member of
the National Association
of Trade Exchanges (NATE) and the Barter
Association National Currency (the BANC).barters irta
Department of
Commerce estimates that 20 to 25% of world trade is now
barter.
increases cashless
The
company's proprietary transaction
network enables businesses and
individuals to trade goods and services throughout North America.
LUCRAcard is a wholly owned subsidiary of Global TransNet.r2 irta
International Monetary Systems Completes
Acquisition of Eagle Barter Exchange; Chattanooga office adds to travel and media availabilities
swap expenditures
internationalmonetary.com, or contact Mike Heilman at 410-647-9609 or
email: heilman@globaltransnet
. These businesses
will present an integrated and balanced image to the investment community
enhancing
shareholder value.empowered tradeoff
Using an electronic currency known as trade dollars, IMS exchanges
allow companies
to create cost savings and to improve operations by
taking advantage of barter opportunities in their
business models.com
LUCRAcard works similar to other
traditional barter exchanges found
around the world, allowing members to
exchange products and/or services. Where LUCRAcard steps ahead
of the
traditional barter exchange is by permitting its members to "Cash-Out" their
excess sales
over purchases at the end of their trading year. GTN's growth will be accomplished with
the acquisition
of profitable companies that have the ability to compete
successfully in the 21st Century and to
produce reasonable profits. These
acquisitions represent positive cash flow, independently managed
and operated,
profitable businesses that seek the unity of a US corporation with associated
economies
of scale for a more competitive market position.traded barter
Business Editors
NEW BERLIN, Wis.S.
Global TransNet is a US publicly traded holding company (GBJX), with its
subsidiaries doing business
in the financial services markets.reduces b2b
"And the numerous sightseeing and lodging opportunities in the
Greater
Chattanooga area will provide a highly desirable travel destination
for our Mid-America
clients.lucracard. GTN's Business Plan is reasonable,
sound, and focused on growth markets.International
Monetary Systems Processed $37 Million of Barter Transactions in 2004; Revenue Increased 18% During
Record Year
Based in New Berlin, Wis.
Using an electronic currency known as trade dollars, IMS
exchanges
allow companies to create cost savings and to improve operations by
taking advantage
of barter opportunities in their business models.obsolete barter
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