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SCHEDULE 13D
(RULE 13d-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
INTERNATIONAL MONETARY SYSTEMS, LTD.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.0001 PER SHARE
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(Title of Class of Securities)
NONE
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(CUSIP Number)
DALE L. MARDAK
INTERNATIONAL MONETARY SYSTEMS, LTD.
NEW BERLIN, WISCONSIN 53151
(262) 780-3640 Ext. 1206
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
JULY 25, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box / /.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO. None 13D Page 2 of 4 Pages
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1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
DALE L. MARDAK
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF and OO (gift)
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
NUMBER OF
128,000 SHARES
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
128,000 SHARES
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,000 SHARES
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.0%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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GUSIP No.: None Page 3 of 4 Pages
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ITEM 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this statement
relates is common stock, par value $0.0001 per share ("Shares"), and the name of
the issuer of the Shares is International Monetary Systems, Ltd. ("Issuer"); the
address of the principal executive offices of the Issuer is 16901 West Glendale
Drive, New Berlin, Wisconsin 53151.
ITEM 2. IDENTITY AND BACKGROUND.
(a) The person filing this statement is Dale L. Mardak.
(b) Mr. Mardak's business address is 16901 West Glendale Drive, New
Berlin, Wisconsin 53151.
(c) The present principal occupation of the reporting person:
Dale L. Mardak is a Vice President, the Treasurer and a director of the
Issuer. The issuer is a Wisconsin corporation which acquires, owns, manages and
operates trade exchanges and 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."
(d) Mr. Mardak has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) during the last five
years.
(e) During the last five years, Mr. Mardak has not been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
pursuant to which proceeding he was or is subject to a judgment decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) Mr. Mardak is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Dale L. Mardak acquired beneficial ownership of 12,000 Shares by gift
in 1989. In 1997, Mr. Mardak acquired an additional 10,000 Shares for $5,000 in
cash, paid from personal funds; no amounts were borrowed. In 1999, Mr. Mardak
acquired an additional 10,000 Shares upon the exercise of options granted to him
1996; such Shares were purchased for $10,000 in cash, paid from personal funds;
no amounts were borrowed. Thereafter, the number of Shares beneficially owned by
Mr. Mardak increased from 32,000 to 128,000 as a result of two 2-for-1 splits of
the Issuer's common stock effected in 1999; no additional consideration was paid
by Mr. Mardak in connection with such common stock splits. Accordingly, Mr.
Mardak has paid an aggregate of $15,000 to purchase an aggregate of 128,000
Shares (all of the Shares beneficially owned by him as of the date of filing of
this statement).
ITEM 4. PURPOSE OF TRANSACTION.
Mr. Mardak has made the purchases described in Item 5 for purposes of
investment; based upon his continuing assessment of the business results and
prospects of the Issuer, market conditions, economic conditions and other
relevant factors, Mr. Mardak may determine to dispose of all or a portion of the
Shares held by him or to purchase additional Shares for investment.
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GUSIP No.: None Page 4 of 4 Pages
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of June 30, 2000 (as reported on the Issuer's Form SB-2,
effective July 25, 2000 (File No. 333-94597), 2,136,704 Shares were issued and
outstanding; no unissued Shares were subject to options or other rights to
acquire beneficially owned by Mr. Mardak. Accordingly, percentage calculations
appearing in this statement are based upon 2,136,704 Shares. Calculated in
accordance with Rule 13d-3 under the Securities Exchange Act of 1934, Mr. Mardak
beneficially owns 128,000 or 6.0% of the Shares.
(b) Mr. Mardak holds sole voting and dispositive power with respect to
all of the 128,000 Shares beneficially owned by him.
(c) Not Applicable.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 1, 2000
/S/ DALE L. MARDAK
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Dale L. Mardak
