NEW BERLIN, WI, Feb 02, 2011 (MARKETWIRE via COMTEX) -
International Monetary Systems, Ltd. (OTCBB: ITNM | PowerRating), a worldwide leader in business-to-business barter services, today announced the opening of its newest office — IMS Southern Connecticut — that recently began operations at 999 Foxon Road, Suite 30, North Branford, CT.
IMS management believes this is a part of the region that, until now, has been underserved, but can quickly grow into a thriving marketplace for its members. The area covered includes Fairfield, New Haven and Middlesex Counties. The New Haven, CT Metropolitan Statistical Area (MSA) lists the population count at over 845,000 people, which is comparable to Omaha, NE, Dayton, OH, and Albuquerque, NM in size.
Dale Mardak, IMS Senior Vice President, commented, “We expect that this additional emphasis in Southern Connecticut will provide expansion opportunities and greater synergies for our large membership in the Greater Hartford market. The new office will be managed by Jay Greene, who has more than ten years’ experience in the barter industry. We are very pleased to welcome someone with Jay’s background, relationships, and knowledge to the IMS team.”
International Monetary Systems is the largest trade exchange operating in the northeastern United States. In addition to the new office in North Branford, IMS serves client bases in Hartford, CT; Boston, MA; Providence, RI, plus Rochester, Syracuse, Buffalo, Long Island, and New York, NY.
It’s nice to hear about some growth. I had also heard that IMS closed their Reno office in recent months. It’s interesting that in tough times it can be easier to recruit new members into an exchange, but more existing members are lost because they go out of business.