By Bob Meyer

Don Mardak’s New Berlin, Wis.-based International Monetary Systems (OTCBB:INLM) received additional backing and positive reinforcement from two private investors. The two have completed the conversion of $500,000 in convertible notes into IMS equity.

Plus, the company’s principal funding source, Praetorian Offshore Ltd. has converted $412,000 of warrants.

As a result of these two actions IMS’ book value will increase by nearly $1 million.

The additional funds will be used to improve the firm’s infrastructure and to continue expanding its sales force.

For more information on the company see IMS.

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