DALLAS, Aug. 14, 2007 (PRIME NEWSWIRE) -- INFINITE Software Corporation (Pink Sheets:IFSC), a leader in AS/400 and Mainframe Migration, Business Intelligence, Legacy Application Modernization, and developer of the award-winning INFINITE and LPS product lines, announced today that it has completed the migration and modernization of IMS' feature rich application set and is in the final testing phase of the now-graphical and web-deployed applications.
International Monetary Systems (OTCBB:INLM) enjoys a reputation as the leader in the commercial barter industry marketplace. The company has very robust, custom applications with the specific functionality their employees and clients require. What the IMS applications needed was the scalability to handle an increasing number of users, the ability to run those AS/400-developed applications on open platforms like Windows Server, and continue to enhance those applications in a functional development environment. It was also important that the applications be browser-based and fully graphical.
"We were seeking a partner organization that could bring the AS/400 migration expertise, an understanding of our desire to provide Web-based applications to our customers and prospects, and that had a reputation for success. We found that partner in INFINITE Software," said Don Mardak, President and CEO, IMS.
"The migration has begun and we are in the testing phase of deploying our new graphical, web-based applications," added Mardak.
The go-live date for this AS/400 Migration and Modernization is slated for, September 2007, and current IMS end users can look forward to enjoying enhanced operability with their migrated applications, as well as a graphical, web-enabled user interface. IMS developers will enjoy an improved development environment with the capability of making dynamic additions to the existing application functionality.
About International Monetary Systems, Ltd.
Founded in 1985, International Monetary Systems (IMS) serves more than 16,400 customers representing 24,000 cardholders in 44 U.S. markets. Based in New Berlin, Wis., IMS is one of the largest publicly traded barter companies in the world and is continually expanding its exchange locations. The company's proprietary transaction network enables businesses and individuals to trade goods and services throughout North America. Using an electronic currency known as trade dollars, IMS exchanges allow companies to create cost savings and to improve operations by taking advantage of barter opportunities in their business models. Managed by seasoned industry veterans, IMS is a recognized member of the National Association of Trade Exchanges (NATE) and the International Reciprocal Trade Association (IRTA). Further information can be obtained at the company's Web site at www.internationalmonetary.com.
About INFINITE Software Corporation
INFINITE Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INFINITE Software or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.