International Monetary Systems Offers Guidance on Second Quarter Results

Barter Industry Leader Projects 5th Consecutive Profitable Quarter

New Berlin, Wis., June 23, 2004 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, today provided guidance on its second quarter 2004 income. INLM management projects that the company's revenue will exceed $1.1 in the quarter ending June 30, an increase of approximately 10% over the same period last year.

A company spokesperson also stated that net income should more than double the total for the second quarter of 2003. This would be the fifth consecutive profitable quarter for the company.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those statements pertaining to the potential creation of a trading market and to the beneficial consequences of growth through acquisitions. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projects," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, we do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

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Source: International Monetary Systems, Ltd.