International Monetary Systems Files Annual Report

Revenue Increases 45% - Barter Operations Profitable

New Berlin, Wis., April 01, 2003 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, posted a 45% increase in revenue for the year ended Dec. 31, 2002, according to its recently filed 10-KSB financial report.

The company's 2002 revenue of $3,659,408 was up from $2,526,275 for the year ended Dec. 31, 2001. Don Mardak, president and chief executive officer, attributed the significant increase in revenue to the acquisition of Tradecorp of Columbus, Ohio, and to continued internal growth of the company's Continental Trade Exchange barter network. "The revenue was generated by more than $24 million worth of barter transactions, up from $16 million in 2001," he said.

For 2002, the company's CTE barter business reported earnings of $414,215, compared to earnings of $28,982 in 2001. Barter group earnings, however, were offset by a $59,745 loss in the JM Graphics pre-press division, which included a write-off of $26,000 for uncollectible receivables, and a $153,604 loss experienced by International Corporate Services, the company's four-color printing division.

Mardak attributed the losses in the non-barter operations to a general slowness in the printing industry. He noted that despite the losses and extraordinary investor relations costs in 2002, the company was able to report consolidated net earnings of $27,968 or $0.01 per outstanding common share. In the year ended Dec. 31, 2001, the company posted net earnings of $33,323 or $0.01 per share.

Mardak also noted that after deducting the bad-debt write-off, and non-cash expenses, the company had an operating profit before interest, taxes, depreciation and amortization (EBITDA) of $287,197.

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Source: International Monetary Systems, Ltd.