International Monetary Systems Files Annual Report

Revenue Increases 42% - CTE Barter Division Profitable

New Berlin, Wis., March 31, 2004 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, recently filed its 10-KSB financial report for the year ending December 31, 2003. During the year, the Company's revenue increased 42% to $3,972,386, compared to $2,792,784 for the same period of 2002. The increased revenue was a result of the acquisitions of Barternet of Northern California and TradeMasters of Louisville, KY, along with additional internal growth of the Company's Continental Trade Exchange barter network.

In calendar 2003, the CTE barter business had net income of $524,738, compared to $414,215 in 2002. However, these figures were diluted somewhat by investor relations and other expenses of $352,036 related to the parent holding company. This left a pretax net income for ongoing operations of $172,702. After deducting income tax expense, the company's net income from continuing operations was $103,902. Having disposed of the assets from its former printing division, the company took a one-time write-off from discontinued operations of $346,161, net of a tax benefit of $192,000. This left a net loss for 2003 of $242,259.

Adding back non-cash expenses and the one-time charge for discontinued operations, the company had an operating profit before interest, taxes, depreciation and amortization (EBITDA) of $460,472.

The entire 10-KSB report can be viewed at www.sec.gov.

Contact:

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

Source: International Monetary Systems, Ltd.