What is International Monetary Systems?
Mr. Mardak: International Monetary Systems is a holding company that owns and operates barter networks or trade exchanges. These are financial services firms that make it possible for business people of all walks of life ‘ retail merchants, trades people, professionals, and others ‘ to trade or barter their goods and services. This is a very effective way of doing business, because most companies have some excess capacity, and professional people are not working every hour of the day. Doctors, dentists, attorneys or accountants may have some unfilled slots on their schedules. There usually are some empty seats at theaters or sporting events; airlines often have unsold seats; hotels have unoccupied rooms. Even businesses that sell merchandise aren’t selling all of it off their shelves every day. So they have excess inventories that they need to move. Our primary operating subsidiary is named Continental Trade Exchange or CTE. By participating in a barter network such as CTE, all of thes
