International Monetary Systems, Ltd. Completes Private Placement Offering

New Berlin, Wis., October 19, 1999 -- International Monetary Systems, Ltd. (IMS), a New Berlin, WI based holding company, has completed a Private Placement Offering of the company's common stock. The Offering was conducted by Pavek Investments of Milwaukee, WI. Under the offering, units consisting of two shares of stock were sold for a price of $6.00 per unit. In addition, for each unit purchased, investors received a warrant to purchase on additional share of stock at a price of $4.00.

Don Mardak, CEO of International Monetary Systems, Ltd., stated: "We intend to use the capital raised in this Private Placement Offering for the expansion of our barter network through the acquisition of trade exchanges in other markets."

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Source: International Monetary Systems, Ltd.