International Monetary Systems Completes Acquisition

BarterNet Adds 1,400 Customers to Barter Firm's Base

New Berlin, Wis., April 08, 2003 -- International Monetary Systems, Ltd. (OTC BB:INLM) today announced completion of its previously announced acquisition of BarterNet of Brentwood, California, significantly expanding its customer base in California.

Don Mardak, president and chief executive officer of International Monetary Systems, said the cash and stock acquisition adds 1,400 barter customers, served by offices in Brentwood, Sacramento, Modesto, Stockton and Fresno. "This increases our barter client roster to more than 6,500 members in the U.S. and Canada," added Mardak.

Mardak said that Jim Briner Jr., formerly chief operating officer of BarterNet, has been named a vice president of the Continental Trade Exchange (CTE) subsidiary of International Monetary Systems. In addition to managing the former BarterNet operations, Briner will oversee CTE's Silicon Valley and Central Coast Region offices.

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Source: International Monetary Systems, Ltd.