International Monetary Systems to Create National

Barter Industry Leader Profitable in Second Quarter, Net Income up 43%

New Berlin, Wis., August 11, 2004 -- International Monetary Systems, Ltd. (OTC BB: INLM), a worldwide leader in corporate and consumer barter services, recently filed its second-quarter 10-QSB financial report which showed a profit for the fifth consecutive quarter.

The company reported gross revenue of $1,110,410 for the quarter ended June 30, 2004, compared to $1,013,231 for the same quarter of the previous year. The revenue increase was attributed to internal growth of the company's Continental Trade Exchange barter network (CTE) and the acquisitions of California Barter Exchange and BarterNet of Brentwood, Calif.

In the second quarter of 2004, the company had net income of $40,512, compared to $28,207 in the same period of 2003. This represents an increase of 43%. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the three months ending June 30, 2004, totaled $153,051. This compares to EBITDA of $140,954 for the same period last year.

Year-to-date net revenue for the six-month period ending June 30, 2004, totaled $2,177,610, compared to $1,824,050 for the same period in 2003, an increase of 19.4%. Total year-to-date net income for the first six months of 2004 was $69,129, compared to a loss of $62,407 for the six months ending June 30, 2003. EBITDA for the six months ending June 30, 2004, totaled $272,100, compared to EBITDA of $86,559 for the same period last year, an increase of 214%.

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

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Source: International Monetary Systems, Ltd.