International Monetary Systems, Ltd. acquired selected assets of Florida Barter.

International Monetary Systems, Ltd. is a holding company. The Company operates a barter (trade) exchange, which is a business-to-business network and a membership organization comprised of businesses that buy and sell within the network without using cash. It is an alternative payment system, using a medium of exchange that is called a barter dollar or trade dollar. It is a third-party record keeper platform. Member businesses sell products or services to other members and accept payment in trade dollar credits, which they then use to buy the products or services of other members of the network. Transactions are recorded through electronic data transmissions, using various methods on a real-time authorization system. The IMS network allows companies to create cost savings and connect to new customers by incorporating barter opportunities into their business models. It serves about 23,000 cardholders in 52 North American markets. Continental Trade Exchange, Ltd (CTE) is its subsidiary.