International Monetary Systems Completes NASD Workout Process

Stock Now Available Through All Retail Channels

New Berlin, Wis., July 29, 2002 -- Today, International Monetary Systems, Ltd. (OTC Bulletin Board: INLM), a worldwide leader in corporate and consumer barter services for more than 4,000 clients in 6 U.S. cities and 2 internationally, announced it has completed the normal 30 day workout process as mandated by the National Association of Securities Dealers and is now available for purchase through all major retail outlets, including online brokers.

International Monetary Systems, Ltd. began trading on the Over-The-Counter Bulletin Board on June 25, 2002, on a restricted, workout basis. The thirty day restricted trading periods are mandatory for all publicly traded stocks that initiate trading on the Over-The-Counter Bulletin Board.

"Now that the workout period is over, investors can more easily purchase shares of International Monetary Systems," said Don Mardak, President and Chief Executive Officer. "We are aggressively taking steps to ensure that our stock is fairly liquid."

International Monetary Systems, Ltd. serves clients such as Clear Channel Communications, Apple Vacations, and Budget Rent a Car, with a full suite of corporate and consumer barter services. The company joins together corporations and consumers by facilitating the exchange of a limitless array of goods and services among its members.

The company intends to use its newly tradable common stock, among other more traditional forms of capital, to fund the company's acquisition strategy, which is designed to consolidate the fragmented yet profitable barter industry. According to industry data, over $700 million is transacted every year through some 250 commercial trade exchanges.

Currently, the company has successfully completed 8 acquisitions, including Midwest Trade Exchange in Chicago, and Tradius Corporation in San Jose. International Monetary Systems, Ltd. consolidated financial statements have been audited by Smith & Gesteland, LLP.

For a full prospectus and other related documents pertaining to International Monetary Systems, contact Don Mardak at 262-780-3640, write to 16901 West Glendale Drive, P.O. Box 510305, New Berlin, WI, 53151 or visit www.internationalmonetary.com.

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Source: International Monetary Systems, Ltd.