NEW BERLIN, Wis., Aug. 24, 2005 (PRIMEZONE) -- International Monetary Systems Ltd., (OTCBB:INLM), is pleased to announce that the company has engaged L.G. Zangani LLC to provide it capital markets advisory services, including but not limited to programs and projects designed to raise institutional investor visibility and awareness. In addition, L.G. Zangani will advise and counsel the company in investor and financial public relations, capital formation and strategic business development.
Donald Mardak, International Monetary's President and CEO, commented, "We are very excited about bringing L.G. Zangani on board at this critical juncture in our corporate history. We expect that their experience and expertise will enable us to meet and exceed our corporate objectives with respect to enhancing shareholder value in the near and intermediate term. Not only does L.G. Zangani have an excellent reputation, but they also have a firm grasp of OTC market dynamics and a thorough understanding of domestic and international business development strategies."
Ian Cassel, L.G. Zangani IR Consultant, stated: "During an intensive two week due diligence and information gathering session with INLM, we realized the incredible opportunity that exists for current and potential shareholders. We are impressed with INLM's business prospects, leadership, and our ability to help them reach a broader investment community. INLM has reached a maturation of their business model and is exhibiting a growing capacity to build market share, revenues and profits, so our commitment is to engage a broader awareness of the company's prospects and ongoing successes with investors. We have built our reputation on partnering with high growth potential opportunities while leveraging our business development and investor awareness programs. We look forward to working with INLM and its proactive CEO Donald Mardak to establish a strong shareholder base while strategizing to increase their market footprint and broker productive new alliances and partnerships."
Safe Harbor Statement
Some statements in this release are "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"), and are subject to certain risks and uncertainties, including, but not limited to, economic conditions, competition, changes in laws and the demand for the company's goods and services, which could significantly affect anticipated future results. Actual results may differ materially from any forward-looking statements.
About International Monetary Systems
Founded in 1989, International Monetary Systems (IMS) serves nearly 9,000 customers representing 14,500 cardholders in 32 U.S. markets. Based in New Berlin, Wis., IMS is one of the largest publicly traded barter companies in the world and is continually expanding its exchange locations. The company's proprietary transaction network enables businesses 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. 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). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.
L.G. Zangani, LLC provides financial public relations service to the Company. As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of monies, capital stock in the Company, warrants or options to purchase capital in the Company. http://www.zangani.com/disclaimer