International Monetary Systems, Ltd. Files 1st Quarter 10-Q

Net Revenue Up 85%

New Berlin, Wis., May 18, 2002 -- International Monetary Systems, Ltd. (IMS) filed its Form 10-QSB for the first quarter of 2002. In that period the company's gross revenue increased 33%, and net revenue increased 85% over the same period in 2001. The increased revenue was a result of several acquisitions that were made during 2001. In the first quarter of 2002, the Continental Trade Exchange barter business had a profit of $31,633. The JM Graphics pre-press division had a loss of $34,083. Continuing our cost-reducing procedures for this division, the first quarter loss was reduced by approximately 40% from the loss suffered in the first quarter of 2001, before IMS owned the business. In the quarter ending March 31, 2002, non-operating expenses related to the conclusion of our IPO plus consulting work for the preparation of the public trading of the Company's stock created additional expenses of $44,186.

Excluding the JM Graphics division figures and the consulting expenses, the Company's core barter business improved its net results from a loss of $49,378 in the first quarter of 2001 to a profit of $31,633 in the first quarter of 2002.

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Source: International Monetary Systems, Ltd.