International Monetary Systems Acquires Tradecorp

Purchase To Add Clients, Revenue to Industry-Leading Exchange

New Berlin, Wis., September 05, 2002 -- International Monetary Systems, Ltd. (IMS) (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, today announced the acquisition of Tradecorp, a privately held Ohio-based barter network, in a stock-exchange merger agreement.

This is the company's ninth acquisition, and the third in the last 12 months. This merger with Tradecorp adds 1,200 clients and extends the company's barter services to the Ohio cities of Columbus, Cincinnati and Dayton. With the addition of the Tradecorp clients, IMS' primary subsidiary, Continental Trade Exchange, now boasts a membership roster of more than 5,000 clients who are served out of eight cities in the U.S. and two in Canada.

Tradecorp's $6 million in barter transactions last year will be accretive to IMS' annual processed transactions, which have been forecasted to total more than $22 million in 2002.

"The acquisition of Tradecorp accelerates our current growth strategy of being a leading consolidator in the barter industry," said Don Mardak, IMS President and Chief Executive Officer. "Tradecorp is one of the largest and finest independent commercial barter exchanges in the nation, and we look forward to enhancing our revenue potential by integrating and expanding our business to this key geographic region."

Tradecorp, based near Columbus in Westerville, Ohio, specializes in travel, media, consumer products and professional services. Art Goehring, who founded the company in 1976, will continue to work with IMS management in an advisory position. Barbara Martin, Tradecorp's Chief Operating Officer, will serve IMS in the lead operational role for the Ohio region.

Mardak added: "We anticipate tremendous synergies from this transaction; first, we are expecting greater efficiency from Tradecorp's operations by converting them into our industry-leading software platform; second, we expect to be able to dramatically reduce general and administrative costs by consolidating much of these with our existing infrastructure, and third, we are adding clients with very strong capabilities in media and travel services, along with a substantial inventory of hard goods. All of this is consistent with our present growth strategy and will enhance the level of products and services available to our clients. Furthermore, the addition of Art Goehring as an advisor to our board of directors will have a strong impact on our future operations. Art is one of the most-respected figures in the barter industry, and we look forward to his participation and input."

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Source: International Monetary Systems, Ltd.