International Monetary Systems (OTC:ITNM)

WEB NEWS

Tuesday, November 1, 2011

Notable Share Transactions

   Return to Shareholders

  • Management and the board of directors feel that the stock of the Company is significantly undervalued and presents an attractive opportunity to reinvest. In the first six months of 2011, the following steps were taken to position the Company to take advantage of this opportunity:
  • At its April 26 and June 14, 2011 meetings, the board of directors approved increases in the amount of stock that is authorized to be repurchased, up to 15% of the Company’s outstanding shares.
  • Financing was secured at attractive, flexible terms to allow for repurchase of shares without hindering operating cash flow.  
  • 764,017 shares of the Company’s stock have been repurchased so far this year.
  • In June 2011, 1,648,064 shares of Treasury stock were retired, reducing the number of outstanding shares to 8,911,736.


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