International Monetary Systems, Ltd. (ITNM) owns, manages and operates trade exchanges and other related businesses. Trade exchanges, or barter networks, are financial service firms which permit companies and individuals to exchange goods and services utilizing an electronic currency known as trade dollars. As of December 31, 2012, ITNM serviced more than 16,000 barter customers. The Company is a holding company that has three operating subsidiaries: Continental Trade Exchange, Ltd., doing business as International Monetary Systems (IMS); National Trade Association, Inc. (NTA), and INLM CN Inc. IMS has created a network of more than 15,000 barter clients who trade their goods and services with each other. On March 1, 2011, the subsidiary of the Company purchased selected assets of Nationwide Barter of Peterborough Ontario. On September 30, 2011, the Company purchased selected assets of NCE, Inc.