Item
8.01 OTHER EVENTS
On
November 2, 2009, International Monetary Systems, LTD (the “Company”) issued a
press release announcing that the board of directors has approved the repurchase
of up to 4% of the firm’s outstanding shares from time to time, at prevailing
market prices. This repurchase program will become effective on November 9,
2009. The press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
99.1- Press Release dated November 2,
2009
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
International
Monetary Systems, Ltd.
(Registrant)
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Date:
November 3, 2009
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By: /s/ Donald F.
Mardak
Name:
Donald F. Mardak
Title:
President and CEO
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