NEW BERLIN, Wis., Sept. 21, 2010 (GLOBE NEWSWIRE) -- International Monetary Systems, Ltd. (OTCBB:ITNM), a worldwide leader in business-to-business barter services, today announced the successful completion of the second phase roll-out of its proprietary barter commerce and process management software, the Trade Network Tracking System (TNT).
The TNT System platform enables International Monetary Systems to rapidly implement new features, improve usability, take advantage of database, internet, and email connectivity, and facilitate tighter integration with the company's imsbarter.com website. By developing this proprietary software internally, IMS benefits from unlimited flexibility, customizability, in-house support, and cost savings. The TNT System lies at the heart of International Monetary Systems' day-to-day operations; handling the processing of real-time B2B trade dollar transactions, managing client information and transaction histories, internal reporting, business intelligence, and customer relationship management (CRM). It is a database-driven, service oriented architecture created on the latest Microsoft® .NET Framework technologies, including the Windows Communication Foundation and Windows Presentation Foundation.
Donald Mardak, CEO of International Monetary Systems said, "The roll-out of the TNT System brings a multitude of new features and enhancements to the firm's brokers and managers. The new platform is expected to not only benefit the company through the creation of significant internal and other reporting efficiencies, but also provide our brokers with improved market intelligence. We believe this platform provides us a unique competitive edge and we look forward to benefitting from its immediate improvements as well as from its future capabilities."
The user interface has been redesigned to promote simplicity and efficient multi-tasking, including a Microsoft Office 2010 style navigation ribbon, and docking/floating tabs to allow for organized multi-tasking between TNT workflows and/or multiple computer monitors. Brokers now have personalized dashboards, allowing them to efficiently manage their assigned client base. The dashboard automatically presents alerts and suggests workflows to the brokers, giving them an actionable list of work items that might otherwise go unnoticed or be tedious to procure manually. The dashboard also presents brokers a competitive view of their month-to-month targets—ranking and comparing them to peers in their office and the entire company—increasing accountability, while reducing the need for micro-management. Managers and administration staff will also benefit from an integrated business intelligence, data mining, and ad hoc reporting toolset called Data Queries. Data Queries gives management an unprecedented birds-eye view of company, office, sales rep., and broker performance, client purchasing trends, and practically any other metric desired through its easy-to-use customizable interface.
A number of major features are planned for future versions of TNT. Keeping IMS' clients informed of ways to spend their trade dollars, and client-to-client promotion to increase sales are two essential parts of the company's value-added marketing service. TNT expects to expand on this many-fold, by generating targeted and personalized promotional emails, in a similar spirit pioneered by Amazon.com, promoting items to customers that the system believes they will be interested in, taking purchase history, business profiles, and personal profiles into account. IMS also plans to offer its clients a web service interface that allows them to accept payments in IMS Trade Dollars through their e-commerce websites or order management software as seamlessly as a VISA card or MasterCard.
Founded in 1985, International Monetary Systems (IMS) serves 23,000 cardholders in 50 North American markets. Based in New Berlin, Wisconsin, and managed by seasoned industry veterans, IMS is one of the largest publicly traded barter companies in the world. The company's proprietary transaction clearing software enables businesses and individuals to trade goods and services online using an electronic currency known as trade dollars. The IMS network allows companies to create cost savings and connect to new customers by incorporating barter opportunities in their business models. Further information can be obtained at the company's Web site at: www.imsbarter.com.
This press release contains forward-looking statements that involve risks and uncertainties concerning our expected performance as described without limitation in comments about the company's performance within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. We believe that these potential risks and uncertainties include, without limitation: the continuing development of successful marketing strategies for our concepts; our ability to increase revenues and sustain profitability; the availability of adequate working capital; our dependence both on key personnel, and the effect of changes in the overall economy and in technology. Statements in this release should be evaluated in light of these factors. These risk factors and other important factors that could affect our business and financial results are discussed in our periodic reports and filings with the Securities and Exchange Commission, including our Forms 10-K and Forms 10-Q, which are available at www.sec.gov. All information set forth in this release is as of September 15, 2010, and International Monetary Systems, Ltd. undertakes no duty to update this information.
CONTACT: International Monetary Systems, Ltd. John Strabley - Executive V.P. (800) 559-8515 Porter, LeVay & Rose, Inc. Investor Relations Contact: Linda Decker - Vice President 212-564-4700