International Monetary Systems Announces Stock Buy-Back Program

Management Believes Current Share Price is Undervalued

New Berlin, Wis., October 28, 2003 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, announced today that its board of directors has authorized a stock repurchase program. The buy-back plan was approved because the board and management believe the stock presents an attractive investment and is undervalued.

International Monetary Systems' CEO, Don Mardak, stated: "Our current stock price fails to reflect the value of our company, and the repurchase program is a very attractive use of company resources."

The company said it will buy back shares through both public and private channels at prices believed to be appropriate and in the best interest of its shareholders.

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Source: International Monetary Systems, Ltd.