International Monetary Systems Announces the Acquisition of the Web Technology and Client Base of Tradius Corporation

Purchase includes Tradius' copyrights on unique payment system for e-commerce

New Berlin, Wis., October 10, 2001 -- International Monetary Systems, Ltd. (IMS) today announced the acquisition of the assets of Tradius Corporation, a well-established, Central California barter system that has developed a cutting-edge proprietary payment system.

The assets include a client base exceeding 1,000 registered business members in the Silicon Valley and Central Coast regions of California, along with the physical assets of the online payment system. IMS plans to manage the client base from their new San Jose, CA location in the beautiful Gateway Center and will be moving the hosting of the online payment system to its corporate headquarters building in New Berlin, WI. With the addition of Tradius' clients, IMS has expanded its Continental Trade Exchange membership base to more than 4,000 clients who are served out of eight offices in the U.S. and Canada.

Don Mardak, president and CEO of IMS stated: "We will continue to do acquisitions that will add to earnings and build the assets of our company. Tradius.com has been an industry leader in Northern California, a key growth market for IMS. This new office, combined with our other California operation in Rohnert Park, gives us a strong base of clients who are located from the Sonoma wine country in the north, through San Francisco, and down to the Monterey Peninsula in the south."

During the past three years, as part of its overall growth strategy of becoming the preeminent industry leader, International Monetary Systems has successfully acquired six trade exchanges and two other companies that complement the barter operation.

Contact:

Source: International Monetary Systems, Ltd.