A Service For Professionals Tuesday, October 17, 2017
Contact (202) 540-8337
Company News Today
A Service For Professionals Tuesday, October 17, 2017 11614 Sources 410,185,147 Articles 3,134,516 Readers
Contact (202) 540-8337

On The Radar: International Monetary Systems

December 2, 2010 (FinancialWire) (http://www.financialwire.net/) (Investrend Information Syndicate) — In mid-November, International Monetary Systems, Ltd. (ITNM.OB), a business-to-business barter service company, reported its financial results for the third quarter and nine months ended September 30, 2010.

Financial highlights cited by the company included: increased revenue by 1.2% compared to the third quarter of 2009; year-to-date employee costs reduced by 1.7% compared to the first nine months of 2009; as well as total liabilities reduced by more than $900,000 since December 31, 2009. The company also noted that, absent extraordinary legal fees and the cost of settling income tax audits, year-to-date net income would have been approximately $350,000.

Donald F. Mardak, chief executive officer of International Monetary, commented, "During the quarter, we continued to build our corporate barter division, and we expect it to become an increasingly larger part of our business as we devote more of our efforts toward promoting this division. We also have been successful this quarter in recruiting new members throughout the country, and expect to see the impact of our new, active members on our revenues, in the quarters ahead.”

“On the operational front, our new proprietary process management software was launched during the beginning of the quarter, and it is providing us with flexibility, customizability, in-house support, and cost savings," Mardak added.

A summary of ITNM’s financial results is posted in FinancialWire(tm)’s reference section (at http://www.financialwire.net/2010/11/17/itnm-financials/).

More about ITNM: Other FinancialWire(tm) news about International Monetary is accessible via The FinancialWire(tm) search function (at http://www.financialwire.net/?s=itnmtcb), additional information and independent research on International Monetary is available via Investrend Syndications (at http://www.investrend.com/synd0006), and official information and company filings from International Monetary are accessible via the SEC website (at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001097430).

=========

Financialwire(tm)’s “On The Radar” news beat features fundamentals-supported articles about lesser-capitalized public companies that are newly-listed and/or are making efforts toward being recognized. FinancialWire(tm)’s primary criteria for presenting these news articles includes avoiding hyperbole and including references to material information, in order to better serve shareholders and investors. FinancialWire(tm) is not compensated in any way by subject companies and/or any representatives of subject companies.

=========

Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information).  Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html).  Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[ftrdnwswnd] [ssryrsyr] [nthrdrdrht] [pltfrm] [itnmtcb] [synd0006] [bsdarrgnmnt] [ntntlmntrysys] [bnkngnknb] [nvstmntbnkg] [fnccmms] [dscrtnryrn] [prfssnlsrvctsrc] [tchnlgy] [advnctchnlgy] [nthrdrdrht] [wtchr] [stkev]

Powered by EIN Presswire