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Company Sells Majority Interest in Printing Operations to Colorcraft Graphics

Wednesday, April 23, 2003

Press release from the issuing company

NEW BERLIN, Wis.--April 22, 2003-- International Monetary Systems, Ltd., a worldwide leader in corporate and consumer barter services, today reported the sale of a majority interest in its printing and prepress subsidiaries to Colorcraft Graphics, Inc. of Menomonee Falls, Wis. The company said divestiture of the printing divisions, which had a combined loss in excess of $200,000 last year, should have a positive impact on International Monetary Systems' future earnings. Don Mardak, President and CEO of the barter company, stated: "We are pleased to have this opportunity to turn over the management of the printing divisions to a group of veterans in that field. This, in turn, will free up our management team to devote its time to our core barter business which is growing in profitability." Founded in 1989, International Monetary Systems serves more than 6,000 customers in the commercial barter industry. Based in New Berlin, Wisconsin, IMS is one of the largest publicly traded barter companies in the world with offices in 8 U.S. and 2 Canadian cities, 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, IMS exchanges allow companies to create cost savings and to improve operations by taking advantage of barter opportunities in their business models. Further information can be obtained at www.internationalmonetary.com.

 

 

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