International Monetary Systems Agrees To Acquire California Barter Exchange

Barter Industry Leader Adds Another Strategic Location

New Berlin, Wis., March 23, 2004 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, today announced that it has signed a definitive agreement to purchase the assets and client base of California Barter Exchange (CBX), a well-known trade exchange serving clients in Modesto, Fresno and Stockton, CA.

The 1,000 CBX members will complement International Monetary Systems' existing California operations, giving IMS a Northern California client base of approximately 3,000 members. Under terms of the agreement, Andy Boom, president of CBX, will continue to manage his former exchange and will assume additional responsibilities at International Monetary Systems.

Don Mardak, president and chief executive officer of International Monetary Systems, commented: "We are most pleased to announce this strategic acquisition which will enhance the bartering activities of our Continental Trade Exchange (CTE) members in Sonoma County, Sacramento, Brentwood, the East Bay area, Silicon Valley and the Central Coast regions of California. As a result of this merger, CTE's total client base will approach 7,000 members."

The companies expect to conclude the transaction within two weeks.

Contact:

Mirador Consulting, Inc.
Casey Burt, 877/MIRADOR - (877) 647-2367

Source: International Monetary Systems, Ltd.