International Monetary Systems Completes Acquisition of Barter Network, Inc.

Transaction Adds More Than 500 Clients to Barter Firm's Base

New Berlin, Wis., July 22, 2004 -- International Monetary Systems, Ltd. (OTC BB: INLM) today announced completion of its previously reported acquisition of Barter Network, Inc. of Springfield, Virginia.

Don Mardak, president and chief executive officer of International Monetary Systems, said the cash and stock acquisition adds more than 500 barter customers who are located in Northern Virginia, Washington, D.C., Baltimore and Annapolis, Maryland. "This increases our barter client roster to more than 7,000 members and makes us a coast-to-coast barter network," said Mardak. "Based upon the past performance of the seller, this transaction should add approximately 8% to our annual gross revenue. We are very enthusiastic about serving clients in a seventy-five mile radius of the nation's capital which, as a whole, represents the fourth or fifth largest market in America."

Contact:

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

Source: International Monetary Systems, Ltd.