International Monetary Rated 'Buy/4,' with $0.60 Target by Investrend Research Analyst Gary Vassalotti

New York, May 12, 2005 -- International Monetary Systems, Ltd. (OTC BB: INLM), has been reiterated as "Buy/4," with a target valuation of $0.60, according to Investrend Research analyst Gary Vassalotti.

International Monetary Systems is a barter company. The barter industry is highly fragmented providing ample opportunity for the company to expand in sales and profitability through acquisitions, said Vassalotti.

The analyst added:

International Monetary Systems had a great year-end. The company sales were very close to my estimate of $4,727,139, coming in at $4,732,960, a difference of only $5,820.

Selling expenses were higher than the company's five-year average of 7.54% of sales, coming in at 8.77% of sales, or $414,978. Overall, expenses were about the same percentage of sales as they have been for the past 3 years, at 97.54%. This ratio is a higher than the 5 year average of 90%. I would expect that the expense ratio will begin to drop towards the mean as the company absorbs acquisitions and streamlines their cost structure.

EPS numbers were a positive $0.001 per share, higher than the slight loss I had estimated. Eliminating non-recurring expenses related to discontinued operations, and the EPS becomes $0.002. I have adjusted my earnings models to reflect these earnings strengths for future estimates.

ROE remains a bit low, falling to 3.06% from 4.05% (2003). Again, I would expect this number to start to rise as the printing division results and expenses continue to roll off of the income statement.

The company's cash position decreased to $83,699, but the decline was offset by a 14% increase in Account Receivables to $852,825. The company's current ratio is still strong at 1.47x. Given this strong ratio, International Monetary Systems should have no problem continuing its growth by acquisition strategy.

The full report, including important disclosures and disclaimers, is available at http://www.investrendresearch.com, at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

International Monetary is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Institutional coverage are $29,800, and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.

Anyone interested in receiving alerts regarding International Monetary research should email info@investrend.com with "INLM" in the subject line.

Contact:

International Monetary Systems, Ltd.
262-780-3640
http://www.internationalmonetary.com
or
Investrend Communications, Inc.
R. Hempel, 718-896-5060
info@investrend.com
www.investrendresearch.com

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