International Monetary Systems Agrees To Acquire BarterNet

Barter Industry Leader Adds Strategic California Location

New Berlin, Wis., March 10, 2003 -- International Monetary Systems, Ltd. (OTC BB: INLM) today announced that it has signed a definitive agreement to purchase the assets and the client base of BarterNet, a well-known trade exchange located in Brentwood, California.

BarterNet serves more than 1,400 clients located in Sacramento, Stockton, Modesto, Fresno and the East Bay area near Oakland. Under terms of the proposed agreement, Jim Bryner, Jr., chief operating officer of BarterNet, will continue to manage the California exchange and assume additional responsibilities at International Monetary Systems.

Don Mardak, president and chief executive officer of International Monetary Systems, stated: "We are most pleased to announce this strategic acquisition which will enhance the bartering activities of our present client bases in Sonoma County, Silicon Valley and the Central Coast regions of California."

The companies expect to conclude the transaction within three weeks.

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Source: International Monetary Systems, Ltd.